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Ellie Mae (NASDAQ:ELLI) COO Jonathan Corr sold 6,000 shares of the stock on the open market in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $30.00, for a total value of $180,000.00. Following the sale, the chief operating officer now directly owns 117,625 shares of the company’s stock, valued at approximately $3,528,750. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Shares of Ellie Mae (NASDAQ:ELLI) traded down 0.96% during mid-day trading on Thursday, hitting $30.01. 128,973 shares of the company’s stock traded hands. Ellie Mae has a one year low of $21.96 and a one year high of $33.24. The stock’s 50-day moving average is $27.52 and its 200-day moving average is $27.33. The company has a market cap of $843.7 million and a P/E ratio of 91.82.

Ellie Mae (NASDAQ:ELLI) last issued its quarterly 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 three have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target 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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