A Barr Dolan Sells 6,000 Shares of Ellie Mae Inc (ELLI) Stock
Ellie Mae Inc (NASDAQ:ELLI) Director A Barr Dolan sold 6,000 shares of the company’s stock in a transaction on Monday, July 10th. The shares were sold at an average price of $107.69, for a total transaction of $646,140.00. Following the completion of the sale, the director now directly owns 11,053 shares in the company, valued at $1,190,297.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Ellie Mae Inc (NASDAQ ELLI) traded up 0.16% on Tuesday, hitting $107.70. 162,765 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $110.20 and its 200 day moving average price is $98.30. Ellie Mae Inc has a 12-month low of $77.60 and a 12-month high of $114.38. The stock has a market cap of $3.67 billion and a price-to-earnings ratio of 81.47.
Ellie Mae (NASDAQ:ELLI) last released its quarterly earnings data on Thursday, April 27th. The software maker reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by $0.03. The company had revenue of $93 million for the quarter, compared to analysts’ expectations of $93.17 million. Ellie Mae had a return on equity of 5.72% and a net margin of 10.32%. The firm’s quarterly revenue was up 26.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.24 EPS. On average, equities analysts predict that Ellie Mae Inc will post $1.91 earnings per share for the current fiscal year.
ELLI has been the topic of several recent research reports. Pacific Crest reaffirmed an “overweight” rating and issued a $130.00 price target (up from $110.00) on shares of Ellie Mae in a report on Sunday, April 23rd. Zacks Investment Research lowered shares of Ellie Mae from a “buy” rating to a “hold” rating in a report on Friday, May 5th. Wedbush initiated coverage on shares of Ellie Mae in a report on Monday, March 13th. They issued a “neutral” rating and a $109.00 price target on the stock. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $125.00 price target (up from $120.00) on shares of Ellie Mae in a report on Thursday, March 23rd. Finally, KeyCorp reaffirmed a “buy” rating and issued a $130.00 price target on shares of Ellie Mae in a report on Wednesday, June 14th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $115.54.
A number of hedge funds have recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System increased its stake in Ellie Mae by 3.6% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 18,208 shares of the software maker’s stock worth $1,524,000 after buying an additional 630 shares in the last quarter. State Street Corp boosted its position in shares of Ellie Mae by 1.3% in the fourth quarter. State Street Corp now owns 613,219 shares of the software maker’s stock worth $51,316,000 after buying an additional 8,041 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Ellie Mae by 22.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 9,937 shares of the software maker’s stock worth $834,000 after buying an additional 1,792 shares during the last quarter. Tudor Investment Corp Et Al acquired a new position in shares of Ellie Mae during the fourth quarter worth about $351,000. Finally, Guggenheim Capital LLC boosted its position in shares of Ellie Mae by 14.3% in the fourth quarter. Guggenheim Capital LLC now owns 4,157 shares of the software maker’s stock worth $348,000 after buying an additional 519 shares during the last quarter.
Ellie Mae Company Profile
Ellie Mae, Inc is a provider of on-demand software solutions and services for the residential mortgage industry in the United States. Banks, credit unions, mortgage lenders and mortgage brokers use the Company’s Encompass mortgage management solution to originate and fund mortgages. The Company’s Encompass software is an enterprise solution that handles functions involved in running the business of originating mortgages, including customer relationship management; loan processing; underwriting; preparation of application, disclosure and closing documents; funding and closing the loan for the borrower; compliance with regulatory and investor requirements, and overall enterprise management.
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