Ellie Mae Inc (ELLI) EVP Sells $458,035.50 in Stock
Ellie Mae Inc (NASDAQ:ELLI) EVP Gates Cathleen Schreiner sold 4,245 shares of the business’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $107.90, for a total transaction of $458,035.50. Following the completion of the sale, the executive vice president now owns 47,849 shares of the company’s stock, valued at $5,162,907.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Gates Cathleen Schreiner also recently made the following trade(s):
- On Wednesday, May 24th, Gates Cathleen Schreiner sold 3,251 shares of Ellie Mae stock. The shares were sold at an average price of $109.09, for a total transaction of $354,651.59.
- On Monday, March 6th, Gates Cathleen Schreiner sold 1,350 shares of Ellie Mae stock. The shares were sold at an average price of $97.18, for a total transaction of $131,193.00.
Ellie Mae Inc (NASDAQ ELLI) opened at 111.23 on Friday. Ellie Mae Inc has a 52 week low of $77.60 and a 52 week high of $114.38. The stock has a 50 day moving average of $108.60 and a 200-day moving average of $96.47. The firm has a market cap of $3.79 billion and a PE ratio of 84.14.
Ellie Mae (NASDAQ:ELLI) last posted its earnings results on Thursday, April 27th. The software maker reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.03. The firm had revenue of $93 million during the quarter, compared to the consensus estimate of $93.17 million. During the same period in the prior year, the company earned $0.24 earnings per share. The business’s quarterly revenue was up 26.3% on a year-over-year basis. Analysts expect that Ellie Mae Inc will post $1.91 earnings per share for the current year.
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Several equities analysts recently commented on ELLI shares. Vetr upgraded shares of Ellie Mae from a “hold” rating to a “buy” rating and set a $97.50 target price for the company in a research note on Tuesday, February 21st. Needham & Company LLC reiterated a “buy” rating and set a $135.00 target price on shares of Ellie Mae in a research note on Saturday, March 11th. KeyCorp reiterated a “buy” rating and set a $130.00 target price on shares of Ellie Mae in a research note on Wednesday. Bank of America Corporation started coverage on shares of Ellie Mae in a research note on Monday, May 15th. They set a “buy” rating and a $130.00 target price for the company. Finally, Zacks Investment Research cut shares of Ellie Mae from a “buy” rating to a “hold” rating in a research note on Friday, May 5th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $115.04.
Large investors have recently bought and sold shares of the company. HMS Capital Management LLC purchased a new stake in Ellie Mae during the third quarter worth $1,475,000. Aberdeen Asset Management PLC UK increased its position in Ellie Mae by 17.1% in the first quarter. Aberdeen Asset Management PLC UK now owns 277,809 shares of the software maker’s stock worth $27,858,000 after buying an additional 40,467 shares during the period. 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 software maker’s stock worth $122,525,000 after buying an additional 1,047,786 shares during the period. State Street Corp increased its position in Ellie Mae by 1.3% in the fourth quarter. State Street Corp now owns 613,219 shares of the software maker’s stock worth $51,316,000 after buying an additional 8,041 shares during the period. Finally, Cetera Advisor Networks LLC increased its position in Ellie Mae by 1.2% in the third quarter. Cetera Advisor Networks LLC now owns 3,200 shares of the software maker’s stock worth $337,000 after buying an additional 38 shares during the period.
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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