Insider Selling: Limin Hu Unloads 25,438 Shares of Ellie Mae Stock (ELLI)
Ellie Mae (NASDAQ:ELLI) EVP Limin Hu sold 25,438 shares of Ellie Mae stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $34.35, for a total value of $873,795.30. Following the transaction, the executive vice president now directly owns 172,001 shares in the company, valued at approximately $5,908,234. 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 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 P/E 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 (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.
Several analysts have recently commented on the stock. 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 assigned a buy rating to the stock. The company has an average rating of “Buy” and an average 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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