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Ellie Mae (NASDAQ:ELLI) CEO Sigmund Anderman sold 5,000 shares of the stock on the open market in a transaction dated Monday, August 18th. The shares were sold at an average price of $33.96, for a total transaction of $169,800.00. Following the completion of the transaction, the chief executive officer now directly owns 176,250 shares of the company’s stock, valued at approximately $5,985,450. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Ellie Mae (NASDAQ:ELLI) traded down 2.76% on Wednesday, hitting $34.85. 266,774 shares of the company’s stock traded hands. Ellie Mae has a 1-year low of $22.46 and a 1-year high of $35.97. The stock has a 50-day moving average of $31.35 and a 200-day moving average of $28.60. The company has a market cap of $987.0 million and a price-to-earnings ratio of 102.11.

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 last year, the company posted $0.29 earnings per share. Ellie Mae’s revenue was up 16.7% compared to the same quarter last year. 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 given a buy rating to the stock. The company currently has a consensus 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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