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Ellie Mae (NASDAQ:ELLI) CEO Sigmund Anderman unloaded 5,000 shares of Ellie Mae 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 sale, 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 filing with the Securities & Exchange Commission, which can be accessed through this link.

Ellie Mae (NASDAQ:ELLI) traded down 0.03% on Friday, hitting $34.92. 16,241 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 $989.0 million and a price-to-earnings ratio of 99.52.

Ellie Mae (NASDAQ:ELLI) last released its 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.

ELLI has been the subject of a number of recent research reports. 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 company. The stock has a consensus 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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