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Ellie Mae (NASDAQ:ELLI) CFO Edgar Luce sold 22,000 shares of the stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $34.04, for a total value of $748,880.00. Following the sale, the chief financial officer now directly owns 72,318 shares in the company, valued at approximately $2,461,705. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 one year low of $22.46 and a one year 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 issued its quarterly earnings data 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.

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. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently 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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