Ellie Mae VP Sells $678,200 in Stock (ELLI)
Ellie Mae (NASDAQ:ELLI) VP Elisa Lee sold 20,000 shares of Ellie Mae stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $33.91, for a total value of $678,200.00. Following the transaction, the vice president now directly owns 52,600 shares in the company, valued at approximately $1,783,666. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Ellie Mae (NASDAQ:ELLI) traded up 2.00% during mid-day trading 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 price-to-earnings ratio of 95.41.
Ellie Mae (NASDAQ:ELLI) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.31 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.29 earnings per share. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. Analysts expect that Ellie Mae will post $1.00 EPS 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 equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus 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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