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Ellie Mae (NASDAQ:ELLI) COO Jonathan Corr sold 9,500 shares of the company’s stock on the open market in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $35.57, for a total transaction of $337,915.00. Following the sale, the chief operating officer now directly owns 89,625 shares of the company’s stock, valued at approximately $3,187,961. 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 Thursday, hitting $34.93. 136,668 shares of the company’s stock traded hands. Ellie Mae has a one year low of $22.46 and a one year high of $35.97. The stock’s 50-day moving average is $31.43 and its 200-day moving average is $28.64. The company has a market cap of $989.3 million and a P/E ratio of 99.29.

Ellie Mae (NASDAQ:ELLI) last released its 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.

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 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 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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