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Ellie Mae (NASDAQ:ELLI) VP Elisa Lee sold 3,729 shares of Ellie Mae stock on the open market in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $30.05, for a total value of $112,056.45. Following the completion of the sale, the vice president now directly owns 72,600 shares of the company’s stock, valued at approximately $2,181,630. The transaction was disclosed in a legal filing with the SEC, which can be accessed through 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. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Ellie Mae has a consensus rating of “Buy” and a consensus target price of $36.80.

Ellie Mae (NASDAQ:ELLI) traded down 0.96% on Thursday, hitting $30.01. The stock had a trading volume of 128,973 shares. Ellie Mae has a 1-year low of $21.96 and a 1-year high of $33.24. The stock has a 50-day moving average of $27.69 and a 200-day moving average of $27.35. The company has a market cap of $843.7 million and a price-to-earnings ratio of 91.82.

Ellie Mae (NASDAQ:ELLI) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.16 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. 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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