Ellie Mae Inc (NYSE:ELLI) insider Sigmund Anderman sold 18,726 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $88.80, for a total transaction of $1,662,868.80. Following the completion of the transaction, the insider now owns 81,087 shares of the company’s stock, valued at approximately $7,200,525.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Sigmund Anderman also recently made the following trade(s):
- On Monday, November 20th, Sigmund Anderman sold 7,920 shares of Ellie Mae stock. The shares were sold at an average price of $87.38, for a total transaction of $692,049.60.
- On Friday, October 20th, Sigmund Anderman sold 12,000 shares of Ellie Mae stock. The shares were sold at an average price of $89.24, for a total transaction of $1,070,880.00.
Ellie Mae Inc (NYSE ELLI) traded down $1.37 during midday trading on Wednesday, reaching $89.20. 907,842 shares of the company traded hands, compared to its average volume of 286,636. Ellie Mae Inc has a twelve month low of $79.71 and a twelve month high of $114.95. The firm has a market cap of $3,080.00, a P/E ratio of 59.07, a P/E/G ratio of 11.66 and a beta of 0.29.
Several research analysts have issued reports on the stock. Compass Point assumed coverage on shares of Ellie Mae in a report on Wednesday. They set a “sell” rating and a $65.00 price target for the company. Zacks Investment Research lowered shares of Ellie Mae from a “buy” rating to a “hold” rating in a report on Monday. KeyCorp restated a “buy” rating and set a $116.00 price target on shares of Ellie Mae in a report on Sunday, November 19th. Needham & Company LLC restated a “buy” rating on shares of Ellie Mae in a report on Sunday, October 29th. Finally, Barclays raised their price target on shares of Ellie Mae from $92.00 to $100.00 and gave the stock an “equal weight” rating in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $107.42.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can grew its position in Ellie Mae by 1.4% in the 2nd quarter. Bank of Montreal Can now owns 1,817 shares of the software maker’s stock valued at $200,000 after purchasing an additional 25 shares during the period. 1st Global Advisors Inc. boosted its holdings in Ellie Mae by 0.7% during the 2nd quarter. 1st Global Advisors Inc. now owns 4,554 shares of the software maker’s stock worth $501,000 after acquiring an additional 30 shares during the last quarter. Prudential Financial Inc. boosted its holdings in Ellie Mae by 3.2% during the 2nd quarter. Prudential Financial Inc. now owns 3,590 shares of the software maker’s stock worth $395,000 after acquiring an additional 110 shares during the last quarter. Advisor Group Inc. boosted its holdings in Ellie Mae by 13.2% during the 2nd quarter. Advisor Group Inc. now owns 1,014 shares of the software maker’s stock worth $112,000 after acquiring an additional 118 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Ellie Mae by 9.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,339 shares of the software maker’s stock worth $147,000 after acquiring an additional 119 shares during 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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