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Ellie Mae (NASDAQ:ELLI) CEO Sigmund Anderman sold 10,000 shares of the company’s stock on the open market in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $34.45, for a total value of $344,500.00. Following the completion of the transaction, the chief executive officer now directly owns 176,250 shares of the company’s stock, valued at approximately $6,071,813. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Ellie Mae (NASDAQ:ELLI) traded down 0.26% on Friday, hitting $34.84. The stock had a trading volume of 10,760 shares. Ellie Mae has a 52 week low of $22.46 and a 52 week high of $35.97. The stock has a 50-day moving average of $31.43 and a 200-day moving average of $28.64. The company has a market cap of $986.7 million and a P/E ratio of 99.52.

Ellie Mae (NASDAQ:ELLI) last announced its earnings results 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. 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 research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus 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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