Ellie Mae COO Jonathan Corr Sells 6,500 Shares (ELLI)
Ellie Mae (NASDAQ:ELLI) COO Jonathan Corr sold 6,500 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $26.25, for a total value of $170,625.00. Following the transaction, the chief operating officer now directly owns 117,625 shares of the company’s stock, valued at approximately $3,087,656. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of research firms have recently commented on ELLI. Analysts at FBR Capital Markets reiterated a “marketperform” rating on shares of Ellie Mae in a research note on Friday, April 11th. They now have a $37.00 price target on the stock, up previously from $29.00. Finally, analysts at Maxim Group raised their price target on shares of Ellie Mae from $37.00 to $40.00 in a research note on Monday, March 3rd. They now have a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Ellie Mae currently has a consensus rating of “Buy” and an average price target of $36.80.
Ellie Mae (NASDAQ:ELLI) traded up 1.91% during mid-day trading on Thursday, hitting $27.20. 182,232 shares of the company’s stock traded hands. Ellie Mae has a 1-year low of $21.64 and a 1-year high of $33.24. The stock’s 50-day moving average is $25.46 and its 200-day moving average is $26.99. The company has a market cap of $764.7 million and a price-to-earnings ratio of 80.88.
Ellie Mae (NASDAQ:ELLI) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.16 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.14 by $0.02. The company had revenue of $32.20 million for the quarter, compared to the consensus estimate of $30.83 million. During the same quarter last year, the company posted $0.27 earnings per share. Ellie Mae’s revenue was up 4.2% compared to the same quarter last year. Analysts expect that Ellie Mae will post $0.98 EPS 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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