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Ellie Mae (NASDAQ:ELLI) Director Alan S. Henricks sold 12,666 shares of the stock on the open market in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $34.27, for a total value of $434,063.82. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Ellie Mae (NASDAQ:ELLI) traded up 1.30% during mid-day trading on Tuesday, hitting $34.94. The stock had a trading volume of 519,466 shares. Ellie Mae has a 1-year low of $22.46 and a 1-year high of $35.82. The stock has a 50-day moving average of $30.66 and a 200-day moving average of $28.23. The company has a market cap of $989.6 million and a price-to-earnings ratio of 98.26.

Ellie Mae (NASDAQ:ELLI) last announced its 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. 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 analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Ellie Mae has an average rating of “Buy” and a consensus price target 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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