Insider Selling: Ellie Mae CFO Edgar Luce Sells 5,000 Shares (ELLI)
Ellie Mae (NASDAQ:ELLI) CFO Edgar Luce sold 5,000 shares of Ellie Mae stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $31.45, for a total value of $157,250.00. Following the transaction, the chief financial officer now directly owns 94,318 shares of the company’s stock, valued at approximately $2,966,301. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
ELLI has been the subject of a number of recent research reports. Analysts at Citigroup Inc. upgraded shares of Ellie Mae from a “hold” rating to a “buy” rating in a research note on Monday. They now have a $39.00 price target on the stock. Separately, analysts at Dougherty & Co upgraded shares of Ellie Mae from a “hold” rating to a “buy” rating in a research note on Monday. Finally, 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. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $37.17.
Shares of Ellie Mae (NASDAQ:ELLI) traded up 0.57% during mid-day trading on Wednesday, hitting $32.03. 194,358 shares of the company’s stock traded hands. Ellie Mae has a one year low of $22.46 and a one year high of $33.24. The stock has a 50-day moving average of $28.36 and a 200-day moving average of $27.50. The company has a market cap of $900.5 million and a price-to-earnings ratio of 96.52.
Ellie Mae (NASDAQ:ELLI) last announced its earnings results 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. On average, analysts predict that Ellie Mae will post $0.98 earnings per share 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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