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ELLIE MAE (NASDAQ:ELLI) COO Jonathan Corr sold 8,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $29.81, for a total value of $238,480.00. Following the completion of the transaction, the chief operating officer now directly owns 97,000 shares in the company, valued at approximately $2,891,570. The sale was disclosed in a document filed with the SEC, which is available at this link.

ELLIE MAE (NASDAQ:ELLI) traded down 2.43% during mid-day trading on Friday, hitting $30.53. The stock had a trading volume of 295,527 shares. ELLIE MAE has a 52 week low of $19.08 and a 52 week high of $33.24. The stock’s 50-day moving average is $26.55 and its 200-day moving average is $28.30. The company has a market cap of $843.4 million and a P/E ratio of 71.11.

ELLIE MAE (NASDAQ:ELLI) last announced its earnings results on Thursday, February 13th. The company reported $0.18 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.18. The company had revenue of $30.40 million for the quarter, compared to the consensus estimate of $29.84 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 1.5% on a year-over-year basis. On average, analysts predict that ELLIE MAE will post $1.10 earnings per share for the current fiscal year.

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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