Ellie Mae Inc (NASDAQ:ELLI) CFO Edgar Luce sold 5,000 shares of the stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $104.25, for a total transaction of $521,250.00. Following the completion of the sale, the chief financial officer now directly owns 47,989 shares of the company’s stock, valued at $5,002,853.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Edgar Luce also recently made the following trade(s):

  • On Thursday, September 1st, Edgar Luce sold 5,000 shares of Ellie Mae stock. The stock was sold at an average price of $97.04, for a total transaction of $485,200.00.
  • On Tuesday, August 9th, Edgar Luce sold 22,000 shares of Ellie Mae stock. The stock was sold at an average price of $96.85, for a total transaction of $2,130,700.00.
  • On Monday, August 1st, Edgar Luce sold 5,000 shares of Ellie Mae stock. The stock was sold at an average price of $93.96, for a total transaction of $469,800.00.

Ellie Mae Inc (NASDAQ:ELLI) opened at 101.50 on Thursday. Ellie Mae Inc has a 52 week low of $57.88 and a 52 week high of $105.98. The firm has a 50 day moving average of $98.13 and a 200-day moving average of $90.90. The stock has a market capitalization of $3.07 billion and a PE ratio of 131.82.

Ellie Mae (NASDAQ:ELLI) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.09. The company had revenue of $90.10 million for the quarter, compared to analyst estimates of $85.54 million. The business’s revenue was up 36.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.48 earnings per share. On average, equities analysts predict that Ellie Mae Inc will post $2.05 EPS for the current year.

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

Large investors have recently added to or reduced their stakes in the company. Amalgamated Bank raised its stake in Ellie Mae by 0.5% in the second quarter. Amalgamated Bank now owns 3,114 shares of the company’s stock worth $305,000 after buying an additional 17 shares during the last quarter. Guggenheim Capital LLC raised its stake in Ellie Mae by 1.4% in the second quarter. Guggenheim Capital LLC now owns 2,798 shares of the company’s stock worth $256,000 after buying an additional 39 shares during the last quarter. Suntrust Banks Inc. raised its stake in Ellie Mae by 0.6% in the second quarter. Suntrust Banks Inc. now owns 16,050 shares of the company’s stock worth $1,470,000 after buying an additional 93 shares during the last quarter. Brown Advisory Inc. raised its stake in Ellie Mae by 1.2% in the second quarter. Brown Advisory Inc. now owns 9,651 shares of the company’s stock worth $885,000 after buying an additional 111 shares during the last quarter. Finally, BlackRock Inc. raised its stake in Ellie Mae by 27.5% in the second quarter. BlackRock Inc. now owns 2,626 shares of the company’s stock worth $241,000 after buying an additional 567 shares during the last quarter.

A number of brokerages have recently issued reports on ELLI. Zacks Investment Research cut shares of Ellie Mae from a “buy” rating to a “hold” rating in a research note on Tuesday, August 9th. Barclays PLC increased their price objective on shares of Ellie Mae from $97.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Friday, July 29th. Pacific Crest began coverage on shares of Ellie Mae in a research note on Tuesday, September 6th. They issued an “overweight” rating and a $124.00 price objective for the company. Oppenheimer Holdings Inc. reissued a “buy” rating and issued a $100.00 price objective on shares of Ellie Mae in a research note on Wednesday, June 15th. Finally, Needham & Company LLC raised their target price on shares of Ellie Mae from $110.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, July 29th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $113.86.

Ellie Mae Company Profile

Ellie Mae, Inc (Ellie Mae) is a provider of on-demand software solutions and services for the residential mortgage industry in the United States. The Company’s Encompass all-in-one mortgage management solution provides one system of record that allows banks, credit unions, and mortgage lenders to originate and fund mortgages and improve compliance, loan quality, and efficiency.

5 Day Chart for NASDAQ:ELLI

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