Ellie Mae Inc (ELLI) EVP Limin Hu Sells 5,000 Shares of Stock
Ellie Mae Inc (NASDAQ:ELLI) EVP Limin Hu sold 5,000 shares of the business’s stock in a transaction dated Monday, October 10th. The shares were sold at an average price of $102.75, for a total transaction of $513,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Limin Hu also recently made the following trade(s):
- On Monday, September 12th, Limin Hu sold 5,000 shares of Ellie Mae stock. The shares were sold at an average price of $95.21, for a total transaction of $476,050.00.
- On Monday, August 22nd, Limin Hu sold 5,000 shares of Ellie Mae stock. The shares were sold at an average price of $95.63, for a total transaction of $478,150.00.
Shares of Ellie Mae Inc (NASDAQ:ELLI) opened at 100.41 on Thursday. The company’s 50-day moving average is $98.85 and its 200 day moving average is $91.50. The company has a market cap of $3.03 billion and a price-to-earnings ratio of 130.40. Ellie Mae Inc has a 1-year low of $57.88 and a 1-year high of $105.98.
Ellie Mae (NASDAQ:ELLI) last posted its earnings results on Thursday, July 28th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.09. The business had revenue of $90.10 million for the quarter, compared to analysts’ expectations of $85.54 million. The company’s revenue for the quarter was up 36.7% on a year-over-year basis. During the same period last year, the business posted $0.48 EPS. Equities analysts anticipate that Ellie Mae Inc will post $2.05 EPS for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new position in Ellie Mae during the second quarter worth approximately $104,000. Gilder Gagnon Howe & Co. LLC purchased a new stake in Ellie Mae during the second quarter worth $269,000. ClariVest Asset Management LLC boosted its stake in Ellie Mae by 15.4% in the second quarter. ClariVest Asset Management LLC now owns 27,035 shares of the company’s stock worth $2,478,000 after buying an additional 3,600 shares in the last quarter. Redwood Investments LLC boosted its stake in Ellie Mae by 60.3% in the second quarter. Redwood Investments LLC now owns 52,333 shares of the company’s stock worth $4,796,000 after buying an additional 19,677 shares in the last quarter. Finally, Insight Capital Research & Management Inc. purchased a new stake in Ellie Mae during the second quarter worth $2,314,000.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Ellie Mae from a “buy” rating to a “hold” rating in a research note on Wednesday, September 28th. Pacific Crest assumed coverage on shares of Ellie Mae in a research note on Tuesday, September 6th. They set an “overweight” rating and a $124.00 target price on the stock. JPMorgan Chase & Co. assumed coverage on shares of Ellie Mae in a research note on Friday, September 9th. They set an “overweight” rating and a $118.00 target price on the stock. Needham & Company LLC lifted 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. Finally, JMP Securities lifted their target price on shares of Ellie Mae from $94.00 to $107.00 and gave the company a “market outperform” rating in a research note on Friday, July 29th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $113.86.
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.
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