Insider Selling: Ellie Mae, Inc. (ELLI) CEO Sells 2,212 Shares of Stock
Ellie Mae, Inc. (NYSE:ELLI) CEO Jonathan Corr sold 2,212 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $88.95, for a total value of $196,757.40. Following the completion of the sale, the chief executive officer now owns 114,633 shares in the company, valued at approximately $10,196,605.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Jonathan Corr also recently made the following trade(s):
- On Thursday, December 7th, Jonathan Corr sold 1,623 shares of Ellie Mae stock. The stock was sold at an average price of $88.72, for a total value of $143,992.56.
- On Tuesday, November 7th, Jonathan Corr sold 2,211 shares of Ellie Mae stock. The stock was sold at an average price of $87.52, for a total value of $193,506.72.
- On Monday, October 9th, Jonathan Corr sold 2,211 shares of Ellie Mae stock. The stock was sold at an average price of $83.76, for a total value of $185,193.36.
Shares of Ellie Mae, Inc. (NYSE ELLI) traded up $1.01 during midday trading on Monday, reaching $89.72. The company’s stock had a trading volume of 250,073 shares, compared to its average volume of 432,525. Ellie Mae, Inc. has a 12-month low of $79.71 and a 12-month high of $114.95. The firm has a market capitalization of $3,100.00, a PE ratio of 70.40, a P/E/G ratio of 7.45 and a beta of 0.28.
Several research analysts recently commented on the company. Oppenheimer reissued a “buy” rating and issued a $101.00 price objective on shares of Ellie Mae in a research note on Wednesday, September 13th. ValuEngine upgraded Ellie Mae from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research upgraded Ellie Mae from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 27th. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Ellie Mae in a research report on Friday, September 1st. Finally, Needham & Company LLC reissued a “buy” rating and set a $100.00 target price on shares of Ellie Mae in a research report on Sunday, September 3rd. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $110.71.
Several large investors have recently made changes to their positions in the stock. Meritage Group LP bought a new position in Ellie Mae during the third quarter valued at about $38,834,000. Baillie Gifford & Co. grew its position in shares of Ellie Mae by 51.5% in the third quarter. Baillie Gifford & Co. now owns 818,296 shares of the software maker’s stock valued at $67,207,000 after purchasing an additional 278,321 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Ellie Mae by 378.7% in the third quarter. Ameriprise Financial Inc. now owns 191,316 shares of the software maker’s stock valued at $15,712,000 after purchasing an additional 151,347 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Ellie Mae during the third quarter worth about $11,753,000. Finally, Tekne Capital Management LLC grew its position in Ellie Mae by 35.8% during the third quarter. Tekne Capital Management LLC now owns 429,539 shares of the software maker’s stock worth $35,278,000 after buying an additional 113,237 shares in the last quarter.
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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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