Insider Selling: Jonathan Corr Sells 1,500 Shares of Ellie Mae Stock (ELLI)
Ellie Mae (NASDAQ:ELLI) COO Jonathan Corr sold 1,500 shares of the company’s stock on the open market in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $30.00, for a total value of $45,000.00. 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 transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of analysts have recently weighed in on ELLI shares. 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 presently has a consensus rating of “Buy” and a consensus price target of $36.80.
Ellie Mae (NASDAQ:ELLI) traded up 4.36% on Monday, hitting $32.06. The stock had a trading volume of 269,357 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 $29.73 and a 200-day moving average of $27.8. The company has a market cap of $906.6 million and a P/E ratio of 87.52.
Ellie Mae (NASDAQ:ELLI) last announced its earnings results on Thursday, July 31st. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.21 by $0.10. The company had revenue of $39.98 million for the quarter, compared to the consensus estimate of $36.39 million. During the same quarter in the prior year, the company posted $0.29 earnings per share. The company’s quarterly revenue was up 16.7% on a year-over-year basis. On average, analysts predict that Ellie Mae will post $1.00 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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