Insider Selling: ELLIE MAE CFO Sells 5,000 Shares of Stock (ELLI)
ELLIE MAE (NASDAQ:ELLI) CFO Edgar Luce unloaded 5,000 shares of ELLIE MAE stock on the open market in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $26.07, for a total value of $130,350.00. Following the completion of the transaction, the chief financial officer now directly owns 69,423 shares of the company’s stock, valued at approximately $1,809,858. The transaction was disclosed in a document filed with the SEC, which is available at this link.
ELLIE MAE (NASDAQ:ELLI) traded down 2.00% on Tuesday, hitting $25.05. The stock had a trading volume of 1,014,789 shares. ELLIE MAE has a 52-week low of $18.79 and a 52-week high of $33.24. The stock’s 50-day moving average is $26.70 and its 200-day moving average is $28.10. The company has a market cap of $688.8 million and a price-to-earnings ratio of 48.32.
Ellie Mae, Inc is a provider of on-demand automation solutions for the mortgage industry. The Company offers an end-to-end solution, delivered using a software-as-a-service model that serves as the core operating system for mortgage originators and spans customer relationship management, loan origination and business management.
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