Insider Selling: Ellie Mae CEO Unloads 10,000 Shares of Stock (ELLI)
Ellie Mae (NASDAQ:ELLI) CEO Sigmund Anderman unloaded 10,000 shares of the company’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $35.21, for a total value of $352,100.00. Following the completion of the transaction, the chief executive officer now directly owns 176,250 shares of the company’s stock, valued at approximately $6,205,763. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
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 equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $35.20.
Ellie Mae (NASDAQ:ELLI) traded up 0.17% on Friday, hitting $34.99. The stock had a trading volume of 102,127 shares. Ellie Mae has a 52 week low of $22.46 and a 52 week high of $35.97. The stock’s 50-day moving average is $31.5 and its 200-day moving average is $28.71. The company has a market cap of $991.0 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. 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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