Ellie Mae Inc (NASDAQ:ELLI) Insider Sells $144,958.10 in Stock
Ellie Mae Inc (NASDAQ:ELLI) insider Sigmund Anderman sold 1,319 shares of the stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $109.90, for a total transaction of $144,958.10. Following the completion of the transaction, the insider now owns 98,321 shares of the company’s stock, valued at approximately $10,805,477.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Sigmund Anderman also recently made the following trade(s):
- On Tuesday, June 20th, Sigmund Anderman sold 12,253 shares of Ellie Mae stock. The shares were sold at an average price of $111.31, for a total transaction of $1,363,881.43.
Ellie Mae Inc (NASDAQ:ELLI) traded down 0.02% during midday trading on Friday, hitting $109.89. 202,568 shares of the company’s stock traded hands. The company has a 50 day moving average of $110.39 and a 200-day moving average of $100.95. Ellie Mae Inc has a 52 week low of $77.60 and a 52 week high of $114.38. The company has a market capitalization of $3.74 billion and a PE ratio of 83.12.
Ellie Mae (NASDAQ:ELLI) last posted its quarterly earnings data on Thursday, April 27th. The software maker reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by $0.03. The company had revenue of $93 million for the quarter, compared to analyst estimates of $93.17 million. Ellie Mae had a return on equity of 5.72% and a net margin of 10.32%. Ellie Mae’s quarterly revenue was up 26.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.24 EPS. Equities research analysts predict that Ellie Mae Inc will post $1.91 earnings per share for the current year.
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ELLI has been the subject of several recent research reports. Pacific Crest restated an “overweight” rating and set a $130.00 target price (up from $110.00) on shares of Ellie Mae in a report on Sunday, April 23rd. Zacks Investment Research downgraded shares of Ellie Mae from a “buy” rating to a “hold” rating in a report on Friday, May 5th. 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 report on Thursday, March 23rd. KeyCorp restated a “buy” rating and set a $130.00 target price on shares of Ellie Mae in a report on Wednesday, June 14th. Finally, Bank of America Corporation initiated coverage on shares of Ellie Mae in a report on Monday, May 15th. They set a “buy” rating and a $130.00 target price for the company. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $116.96.
A number of hedge funds have recently bought and sold shares of the company. Nisa Investment Advisors LLC increased its stake in Ellie Mae by 8.8% in the second quarter. Nisa Investment Advisors LLC now owns 1,230 shares of the software maker’s stock valued at $135,000 after buying an additional 100 shares during the last quarter. Bank of Montreal Can increased its stake in Ellie Mae by 1.4% in the second quarter. Bank of Montreal Can now owns 1,817 shares of the software maker’s stock valued at $200,000 after buying an additional 25 shares during the last quarter. Jane Street Group LLC bought a new stake in Ellie Mae during the first quarter valued at about $214,000. Banco BTG Pactual S.A. bought a new stake in Ellie Mae during the first quarter valued at about $221,000. Finally, United Capital Financial Advisers LLC bought a new stake in Ellie Mae during the first quarter valued at about $231,000.
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.
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