Ellie Mae Inc (NASDAQ:ELLI) CEO Jonathan Corr sold 2,211 shares of Ellie Mae stock in a transaction on Friday, July 7th. The shares were sold at an average price of $108.08, for a total value of $238,964.88. Following the completion of the transaction, the chief executive officer now owns 115,465 shares of the company’s stock, valued at $12,479,457.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Jonathan Corr also recently made the following trade(s):

  • On Wednesday, June 7th, Jonathan Corr sold 2,210 shares of Ellie Mae stock. The shares were sold at an average price of $112.41, for a total value of $248,426.10.
  • On Monday, May 8th, Jonathan Corr sold 2,211 shares of Ellie Mae stock. The shares were sold at an average price of $106.33, for a total value of $235,095.63.

Ellie Mae Inc (NASDAQ:ELLI) traded up 0.16% during trading on Tuesday, hitting $107.70. The stock had a trading volume of 162,765 shares. The firm has a market cap of $3.67 billion and a P/E ratio of 81.47. Ellie Mae Inc has a 52-week low of $77.60 and a 52-week high of $114.38. The company has a 50-day moving average of $110.20 and a 200 day moving average of $98.30.

Ellie Mae (NASDAQ:ELLI) last issued its quarterly earnings data on Thursday, April 27th. The software maker reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.03. The firm had revenue of $93 million for the quarter, compared to analysts’ expectations of $93.17 million. Ellie Mae had a net margin of 10.32% and a return on equity of 5.72%. The company’s revenue for the quarter was up 26.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.24 EPS. On average, equities research analysts predict that Ellie Mae Inc will post $1.91 earnings per share for the current fiscal year.

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ELLI has been the subject of several recent analyst reports. Wedbush initiated coverage on Ellie Mae in a research report on Monday, March 13th. They set a “neutral” rating and a $109.00 target price for the company. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $125.00 target price (up from $120.00) on shares of Ellie Mae in a research report on Thursday, March 23rd. CIBC boosted their target price on Ellie Mae from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday, March 24th. William Blair upgraded Ellie Mae from a “market perform” rating to an “outperform” rating in a research report on Monday, April 3rd. Finally, Zacks Investment Research upgraded Ellie Mae from a “sell” rating to a “hold” rating and set a $116.00 target price for the company in a research report on Tuesday, April 11th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $115.54.

Several hedge funds and other institutional investors have recently modified their holdings of ELLI. Aberdeen Asset Management PLC UK raised its position in shares of Ellie Mae by 17.1% in the first quarter. Aberdeen Asset Management PLC UK now owns 277,809 shares of the software maker’s stock worth $27,858,000 after buying an additional 40,467 shares during the last quarter. State Street Corp raised 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. Capital Fund Management S.A. raised its position in shares of Ellie Mae by 88.4% in the first quarter. Capital Fund Management S.A. now owns 31,987 shares of the software maker’s stock worth $3,207,000 after buying an additional 15,010 shares during the last quarter. 1st Global Advisors Inc. raised its position in shares of Ellie Mae by 3.9% in the first quarter. 1st Global Advisors Inc. now owns 4,524 shares of the software maker’s stock worth $454,000 after buying an additional 168 shares during the last quarter. Finally, Guggenheim Capital LLC raised 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.

About Ellie Mae

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.

Insider Buying and Selling by Quarter for Ellie Mae (NASDAQ:ELLI)

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