Ellie Mae Inc (NYSE:ELLI) CEO Jonathan Corr sold 1,131 shares of the business’s stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $93.50, for a total value of $105,748.50. Following the completion of the transaction, the chief executive officer now owns 114,922 shares in the company, valued at $10,745,207. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Thursday, December 7th, Jonathan Corr sold 1,623 shares of Ellie Mae stock. The shares were sold at an average price of $88.72, for a total value of $143,992.56.
  • On Monday, December 11th, Jonathan Corr sold 2,212 shares of Ellie Mae stock. The shares were sold at an average price of $88.95, for a total value of $196,757.40.
  • 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.

Shares of Ellie Mae Inc (NYSE ELLI) traded up $1.28 during mid-day trading on Friday, reaching $96.38. The company’s stock had a trading volume of 194,295 shares, compared to its average volume of 480,711. Ellie Mae Inc has a fifty-two week low of $79.71 and a fifty-two week high of $114.95. The stock has a market capitalization of $3,330.00, a P/E ratio of 63.83, a PEG ratio of 11.60 and a beta of 0.29.

Ellie Mae (NYSE:ELLI) last issued its quarterly earnings data on Thursday, October 26th. The software maker reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.13. Ellie Mae had a return on equity of 6.39% and a net margin of 13.45%. The business had revenue of $107.00 million for the quarter, compared to the consensus estimate of $105.62 million. During the same period in the prior year, the business posted $0.60 earnings per share. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. research analysts expect that Ellie Mae Inc will post 0.9 earnings per share for the current year.

A number of hedge funds have recently modified their holdings of the business. Nisa Investment Advisors LLC raised its position in Ellie Mae by 243.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 4,230 shares of the software maker’s stock valued at $378,000 after purchasing an additional 3,000 shares during the period. DF Dent & Co. Inc. raised its position in Ellie Mae by 10.7% during the third quarter. DF Dent & Co. Inc. now owns 50,017 shares of the software maker’s stock valued at $4,108,000 after purchasing an additional 4,850 shares during the period. California Public Employees Retirement System raised its position in Ellie Mae by 2.8% during the third quarter. California Public Employees Retirement System now owns 138,482 shares of the software maker’s stock valued at $11,374,000 after purchasing an additional 3,782 shares during the period. Point72 Asset Management L.P. purchased a new stake in Ellie Mae during the third quarter valued at approximately $11,753,000. Finally, Crestline Management LP purchased a new stake in Ellie Mae during the third quarter valued at approximately $2,507,000.

A number of equities research analysts recently commented on ELLI shares. Zacks Investment Research upgraded Ellie Mae from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 27th. KeyCorp reiterated a “buy” rating and issued a $116.00 target price on shares of Ellie Mae in a research report on Wednesday, October 4th. Royal Bank of Canada reiterated a “hold” rating and issued a $90.00 target price on shares of Ellie Mae in a research report on Tuesday, October 10th. BidaskClub upgraded Ellie Mae from a “hold” rating to a “buy” rating in a research report on Wednesday, October 18th. Finally, Barclays boosted their target price on Ellie Mae from $92.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $108.50.

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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.

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

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