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Ellie Mae (NASDAQ:ELLI) VP Elisa Lee sold 5,000 shares of Ellie Mae stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $29.62, for a total transaction of $148,100.00. Following the transaction, the vice president now directly owns 72,600 shares of the company’s stock, valued at approximately $2,150,412. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

A number of research firms have recently commented on ELLI. Analysts at TheStreet upgraded shares of Ellie Mae from a “hold” rating to a “buy” rating in a research note on Tuesday, July 8th. Analysts at Dougherty & Co upgraded shares of Ellie Mae from a “hold” rating to a “buy” rating in a research note on Monday, June 30th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $36.80.

Shares of Ellie Mae (NASDAQ:ELLI) traded up 0.74% during mid-day trading on Monday, hitting $30.11. The stock had a trading volume of 86,692 shares. 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 $29.24 and a 200-day moving average of $27.64. The company has a market cap of $846.5 million and a price-to-earnings ratio of 90.58.

Ellie Mae (NASDAQ:ELLI) last posted its quarterly earnings results 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. Analysts expect that Ellie Mae will post $0.99 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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