Insider Selling: Ellie Mae Inc (ELLI) CEO Sells 3,500 Shares of Stock
Ellie Mae Inc (NASDAQ:ELLI) CEO Jonathan Corr sold 3,500 shares of the company’s stock in a transaction on Thursday, October 6th. The stock was sold at an average price of $100.85, for a total transaction of $352,975.00. Following the completion of the transaction, the chief executive officer now directly owns 86,843 shares in the company, valued at approximately $8,758,116.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Jonathan Corr also recently made the following trade(s):
- On Tuesday, September 6th, Jonathan Corr sold 3,500 shares of Ellie Mae stock. The stock was sold at an average price of $98.84, for a total transaction of $345,940.00.
- On Monday, August 8th, Jonathan Corr sold 3,500 shares of Ellie Mae stock. The stock was sold at an average price of $96.72, for a total transaction of $338,520.00.
- On Tuesday, August 9th, Jonathan Corr sold 31,500 shares of Ellie Mae stock. The stock was sold at an average price of $96.72, for a total transaction of $3,046,680.00.
Ellie Mae Inc (NASDAQ:ELLI) opened at 102.15 on Friday. Ellie Mae Inc has a 1-year low of $57.88 and a 1-year high of $105.98. The company has a 50-day moving average of $98.47 and a 200-day moving average of $91.11. The company has a market capitalization of $3.09 billion and a P/E ratio of 132.66.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/08/insider-selling-ellie-mae-inc-elli-ceo-sells-3500-shares-of-stock.html
Ellie Mae (NASDAQ:ELLI) last posted its earnings results on Thursday, July 28th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.09. The business earned $90.10 million during the quarter, compared to the consensus estimate of $85.54 million. During the same quarter last year, the firm earned $0.48 earnings per share. The business’s quarterly revenue was up 36.7% on a year-over-year basis. Equities analysts expect that Ellie Mae Inc will post $2.05 EPS for the current fiscal year.
Several hedge funds have recently bought and sold shares of the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new stake in Ellie Mae during the second quarter worth $104,000. Daiwa Securities Group Inc. acquired a new stake in Ellie Mae during the second quarter worth $174,000. Bank of Montreal Can acquired a new stake in Ellie Mae during the second quarter worth $177,000. Cambridge Investment Research Advisors Inc. acquired a new stake in Ellie Mae during the second quarter worth $206,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in Ellie Mae during the second quarter worth $219,000.
A number of analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Ellie Mae from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th. Pacific Crest assumed coverage on shares of Ellie Mae in a report on Tuesday, September 6th. They set an “overweight” rating and a $124.00 target price for the company. JPMorgan Chase & Co. assumed coverage on shares of Ellie Mae in a report on Friday, September 9th. They set an “overweight” rating and a $118.00 target price for the company. Barclays PLC lowered shares of Ellie Mae from an “overweight” rating to an “equal weight” rating and set a $97.00 target price for the company. in a report on Tuesday, July 5th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $125.00 target price on shares of Ellie Mae in a report on Sunday, August 28th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $113.86.
About Ellie Mae
Ellie Mae, Inc (Ellie Mae) is a provider of on-demand software solutions and services for the residential mortgage industry in the United States. The Company’s Encompass all-in-one mortgage management solution provides one system of record that allows banks, credit unions, and mortgage lenders to originate and fund mortgages and improve compliance, loan quality, and efficiency.
Receive News & Ratings for Ellie Mae Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ellie Mae Inc and related companies with MarketBeat.com's FREE daily email newsletter.