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Ellie Mae (NASDAQ:ELLI) EVP Limin Hu unloaded 10,000 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $34.74, for a total value of $347,400.00. Following the sale, the executive vice president now directly owns 172,001 shares in the company, valued at approximately $5,975,315. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of Ellie Mae (NASDAQ:ELLI) traded up 0.23% during mid-day trading on Wednesday, hitting $35.02. 199,425 shares of the company’s stock traded hands. Ellie Mae has a 52-week low of $22.46 and a 52-week high of $35.82. The stock’s 50-day moving average is $30.8 and its 200-day moving average is $28.28. The company has a market cap of $991.8 million and a price-to-earnings ratio of 99.54.

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