Ellie Mae Inc (NASDAQ:ELLI) CEO Jonathan Corr sold 3,500 shares of the company’s stock in a transaction dated Thursday, October 6th. The stock was sold at an average price of $100.85, for a total value of $352,975.00. Following the transaction, the chief executive officer now directly owns 86,843 shares of the company’s stock, valued at $8,758,116.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Tuesday, September 6th, Jonathan Corr sold 3,500 shares of Ellie Mae stock. The stock was sold at an average price of $98.84, for a total value of $345,940.00.
  • On Monday, August 8th, Jonathan Corr sold 3,500 shares of Ellie Mae stock. The stock was sold at an average price of $96.72, for a total value of $338,520.00.
  • On Tuesday, August 9th, Jonathan Corr sold 31,500 shares of Ellie Mae stock. The stock was sold at an average price of $96.72, for a total value of $3,046,680.00.

Shares of Ellie Mae Inc (NASDAQ:ELLI) opened at 102.15 on Friday. Ellie Mae Inc has a 1-year low of $57.88 and a 1-year high of $105.98. The company has a market cap of $3.09 billion and a price-to-earnings ratio of 132.66. The firm has a 50-day moving average price of $98.47 and a 200 day moving average price of $91.11.

Ellie Mae (NASDAQ:ELLI) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.09. The firm earned $90.10 million during the quarter, compared to the consensus estimate of $85.54 million. The company’s revenue for the quarter was up 36.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.48 EPS. On average, analysts predict that Ellie Mae Inc will post $2.05 EPS for the current fiscal year.

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

Several research analysts have recently weighed in on ELLI shares. Barclays PLC upped their price objective on Ellie Mae from $97.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Friday, July 29th. Needham & Company LLC increased their price target on Ellie Mae from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, July 29th. Zacks Investment Research cut Ellie Mae from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Oppenheimer Holdings Inc. reissued a “buy” rating and set a $100.00 price target on shares of Ellie Mae in a research report on Wednesday, June 15th. Finally, JPMorgan Chase & Co. assumed coverage on Ellie Mae in a research report on Friday, September 9th. They set an “overweight” rating and a $118.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $113.86.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Whale Rock Capital Management LLC boosted its position in Ellie Mae by 38.5% in the second quarter. Whale Rock Capital Management LLC now owns 1,120,745 shares of the company’s stock valued at $102,716,000 after buying an additional 311,350 shares during the last quarter. Eagle Asset Management Inc. boosted its position in Ellie Mae by 127.7% in the second quarter. Eagle Asset Management Inc. now owns 553,475 shares of the company’s stock valued at $50,725,000 after buying an additional 310,427 shares during the last quarter. Lord Abbett & CO. LLC boosted its position in Ellie Mae by 48.5% in the second quarter. Lord Abbett & CO. LLC now owns 808,775 shares of the company’s stock valued at $74,124,000 after buying an additional 263,998 shares during the last quarter. Brown Capital Management LLC boosted its position in Ellie Mae by 20.1% in the second quarter. Brown Capital Management LLC now owns 1,488,452 shares of the company’s stock valued at $136,417,000 after buying an additional 248,684 shares during the last quarter. Finally, RS Investment Management Co. LLC purchased a new position in Ellie Mae during the second quarter valued at $18,175,000.

About Ellie Mae

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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