Ellie Mae CFO Sells $135,750 in Stock (ELLI)
Ellie Mae (NASDAQ:ELLI) CFO Edgar Luce sold 5,000 shares of the stock on the open market in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $27.15, for a total value of $135,750.00. Following the sale, the chief financial officer now directly owns 94,318 shares of the company’s stock, valued at approximately $2,560,734. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Ellie Mae (NASDAQ:ELLI) traded down 0.22% during mid-day trading on Tuesday, hitting $26.92. The stock had a trading volume of 215,827 shares. Ellie Mae has a 52-week low of $21.73 and a 52-week high of $33.24. The stock’s 50-day moving average is $25.80 and its 200-day moving average is $27.18. The company has a market cap of $756.8 million and a P/E ratio of 81.76.
Ellie Mae (NASDAQ:ELLI) last released its earnings data on Thursday, May 1st. The company reported $0.16 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. On average, analysts predict that Ellie Mae will post $0.98 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on ELLI shares. 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. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Ellie Mae presently has an average rating of “Buy” and a consensus target price of $36.80.
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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