Ellie Mae CEO Sigmund Anderman Sells 55,000 Shares (ELLI)
Ellie Mae (NASDAQ:ELLI) CEO Sigmund Anderman sold 55,000 shares of the stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $33.71, for a total value of $1,854,050.00. Following the completion of the transaction, the chief executive officer now directly owns 176,250 shares in the company, valued at approximately $5,941,388. The sale was disclosed in a document filed with the SEC, which is available at this link.
Ellie Mae (NASDAQ:ELLI) traded up 2.00% on Friday, hitting $34.16. 332,501 shares of the company’s stock traded hands. Ellie Mae has a 52-week low of $22.46 and a 52-week high of $34.98. The stock’s 50-day moving average is $30.22 and its 200-day moving average is $28.03. The company has a market cap of $965.9 million and a P/E ratio of 95.41.
Ellie Mae (NASDAQ:ELLI) last released its earnings data on Thursday, July 31st. The company reported $0.31 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.29 earnings per share. Ellie Mae’s revenue was up 16.7% compared to the same quarter last year. On average, analysts predict that Ellie Mae will post $1.00 earnings per share for the current fiscal year.
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. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Ellie Mae has an average rating of “Buy” and an average target price of $35.20.
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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