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Ellie Mae (NASDAQ:ELLI) COO Jonathan Corr sold 10,500 shares of the company’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $35.01, for a total transaction of $367,605.00. Following the sale, the chief operating officer now directly owns 89,625 shares in the company, valued at approximately $3,137,771. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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 assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $35.20.

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 one year low of $22.46 and a one 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 $991.8 million and a P/E ratio of 99.54.

Ellie Mae (NASDAQ:ELLI) last released its 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. Analysts expect that Ellie Mae will post $1.00 EPS for the current fiscal year.

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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