Ellie Mae Inc (NASDAQ:ELLI) EVP Joseph P. Tyrrell sold 3,003 shares of the firm’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $108.59, for a total value of $326,095.77. Following the sale, the executive vice president now directly owns 41,836 shares in the company, valued at approximately $4,542,971.24. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of Ellie Mae Inc (ELLI) traded down 0.46% on Friday, reaching $111.23. 293,345 shares of the company’s stock traded hands. The firm has a market cap of $3.79 billion and a P/E ratio of 84.14. The company’s 50-day moving average price is $108.60 and its 200 day moving average price is $96.47. Ellie Mae Inc has a one year low of $77.60 and a one year high of $114.38.

Ellie Mae (NASDAQ:ELLI) last released its quarterly earnings results on Thursday, April 27th. The software maker reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by $0.03. The firm had revenue of $93 million for the quarter, compared to analyst estimates of $93.17 million. During the same quarter in the prior year, the company earned $0.24 EPS. The business’s quarterly revenue was up 26.3% on a year-over-year basis. On average, equities analysts forecast that Ellie Mae Inc will post $1.91 EPS for the current fiscal year.

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

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A number of equities analysts recently commented on ELLI shares. Pacific Crest reiterated an “overweight” rating and set a $130.00 price target (up previously from $110.00) on shares of Ellie Mae in a report on Sunday, April 23rd. Vetr cut Ellie Mae from a “buy” rating to a “hold” rating and set a $97.50 price target for the company. in a report on Monday, February 27th. Zacks Investment Research cut Ellie Mae from a “buy” rating to a “hold” rating in a report on Friday, May 5th. Wedbush initiated coverage on Ellie Mae in a report on Monday, March 13th. They set a “neutral” rating and a $109.00 price objective for the company. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $125.00 price objective (up previously from $120.00) on shares of Ellie Mae in a report on Thursday, March 23rd. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $115.04.

Several hedge funds have recently added to or reduced their stakes in the stock. Park West Asset Management LLC boosted its stake in Ellie Mae by 3.3% in the first quarter. Park West Asset Management LLC now owns 931,868 shares of the software maker’s stock worth $93,438,000 after buying an additional 29,913 shares in the last quarter. Clough Capital Partners L P bought a new stake in Ellie Mae during the first quarter worth approximately $12,433,000. Summit Partners Public Asset Management LLC boosted its stake in Ellie Mae by 25.0% in the first quarter. Summit Partners Public Asset Management LLC now owns 50,000 shares of the software maker’s stock worth $5,014,000 after buying an additional 10,000 shares during the period. Barings LLC bought a new stake in Ellie Mae during the first quarter worth approximately $390,000. Finally, Jane Street Group LLC bought a new stake in Ellie Mae during the first quarter worth approximately $214,000.

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.

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