Ellie Mae Inc (NASDAQ:ELLI) CEO Jonathan Corr sold 3,500 shares of the stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $104.81, for a total transaction of $366,835.00. Following the transaction, the chief executive officer now owns 85,603 shares in the company, valued at $8,972,050.43. The sale was disclosed in a filing with the SEC, which is available through this link.

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

  • On Thursday, October 6th, Jonathan Corr sold 3,500 shares of Ellie Mae stock. The shares were sold at an average price of $100.85, for a total transaction of $352,975.00.
  • On Tuesday, September 6th, Jonathan Corr sold 3,500 shares of Ellie Mae stock. The shares were sold at an average price of $98.84, for a total transaction of $345,940.00.

Ellie Mae Inc (NASDAQ:ELLI) opened at 95.57 on Friday. The company has a 50 day moving average of $102.06 and a 200 day moving average of $93.56. The stock has a market capitalization of $3.21 billion and a price-to-earnings ratio of 96.24. Ellie Mae Inc has a 12 month low of $57.88 and a 12 month high of $109.99.

Ellie Mae (NASDAQ:ELLI) last released its earnings results on Thursday, October 27th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.13. The firm earned $100.38 million during the quarter, compared to analyst estimates of $91.86 million. The business’s revenue was up 45.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.45 earnings per share. On average, equities analysts predict that Ellie Mae Inc will post $2.19 EPS for the current year.

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

Several analysts have commented on ELLI shares. Barclays PLC increased their price target on shares of Ellie Mae from $97.00 to $110.00 and gave the company an “equal weight” rating in a research report on Friday, July 29th. Needham & Company LLC increased their price target on shares of 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 raised shares of Ellie Mae from a “sell” rating to a “hold” rating in a research report on Thursday, November 3rd. JPMorgan Chase & Co. started coverage on shares of Ellie Mae in a research report on Friday, September 9th. They set an “overweight” rating and a $118.00 price target for the company. Finally, JMP Securities increased their price target on shares of Ellie Mae from $94.00 to $107.00 and gave the company a “market outperform” rating in a research report on Friday, July 29th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $116.71.

A number of institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN increased its position in Ellie Mae by 904.8% in the third quarter. Wells Fargo & Company MN now owns 1,163,583 shares of the company’s stock valued at $122,525,000 after buying an additional 1,047,786 shares in the last quarter. Whale Rock Capital Management LLC increased 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 in the last quarter. Eagle Asset Management Inc. increased 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 in the last quarter. Lord Abbett & CO. LLC increased 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 in the last quarter. Finally, Brown Capital Management LLC increased 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 in the last quarter.

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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