Insider Selling: Ellie Mae COO Sells 6,500 Shares of Stock (ELLI)
Ellie Mae (NASDAQ:ELLI) COO Jonathan Corr unloaded 6,500 shares of Ellie Mae stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $29.00, for a total value of $188,500.00. Following the completion of the transaction, the chief operating officer now directly owns 117,625 shares of the company’s stock, valued at approximately $3,411,125. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Ellie Mae (NASDAQ:ELLI) traded up 1.32% during mid-day trading on Tuesday, hitting $30.02. The stock had a trading volume of 547,114 shares. Ellie Mae has a 52 week low of $21.96 and a 52 week high of $33.24. The stock has a 50-day moving average of $27.38 and a 200-day moving average of $27.31. The company has a market cap of $844.0 million and a price-to-earnings ratio of 89.79.
Ellie Mae (NASDAQ:ELLI) last released its 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.
ELLI has been the subject of a number of recent research reports. 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 investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average 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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