Ellie Mae Inc (NASDAQ:ELLI) CEO Jonathan Corr sold 2,210 shares of the company’s stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $112.41, for a total value of $248,426.10. Following the completion of the sale, the chief executive officer now owns 116,002 shares in the company, valued at approximately $13,039,784.82. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

  • On Monday, May 8th, Jonathan Corr sold 2,211 shares of Ellie Mae stock. The shares were sold at an average price of $106.33, for a total value of $235,095.63.
  • On Friday, April 7th, Jonathan Corr sold 2,211 shares of Ellie Mae stock. The shares were sold at an average price of $103.65, for a total value of $229,170.15.
  • On Monday, March 27th, Jonathan Corr sold 13,382 shares of Ellie Mae stock. The stock was sold at an average price of $96.80, for a total value of $1,295,377.60.
  • On Tuesday, March 21st, Jonathan Corr sold 6,875 shares of Ellie Mae stock. The stock was sold at an average price of $97.69, for a total value of $671,618.75.

Shares of Ellie Mae Inc (ELLI) traded up 0.7076% during trading on Monday, reaching $112.0171. 20,509 shares of the company’s stock were exchanged. The company has a market capitalization of $3.82 billion and a PE ratio of 84.7331. Ellie Mae Inc has a 52-week low of $77.60 and a 52-week high of $114.38. The company has a 50 day moving average price of $108.60 and a 200-day moving average price of $96.47.

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

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

COPYRIGHT VIOLATION NOTICE: This news story was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another site, it was copied illegally and reposted in violation of US and international trademark and copyright law. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2017/06/19/ellie-mae-inc-elli-ceo-sells-248426-10-in-stock-updated.html.

Hedge funds have recently bought and sold shares of the company. Jane Street Group LLC bought a new stake in Ellie Mae during the first quarter worth about $214,000. Banco BTG Pactual S.A. bought a new stake in Ellie Mae during the first quarter worth about $221,000. United Capital Financial Advisers LLC bought a new stake in Ellie Mae during the first quarter worth about $231,000. First Allied Advisory Services Inc. bought a new stake in Ellie Mae during the fourth quarter worth about $245,000. Finally, Creative Planning boosted its stake in Ellie Mae by 31.0% in the first quarter. Creative Planning now owns 2,989 shares of the software maker’s stock worth $300,000 after buying an additional 707 shares in the last quarter.

A number of research analysts have weighed in on ELLI shares. Pacific Crest reissued an “overweight” rating and set a $130.00 price target (up previously from $110.00) on shares of Ellie Mae in a research note on Sunday, April 23rd. Vetr lowered Ellie Mae from a “buy” rating to a “hold” rating and set a $97.50 target price on the stock. in a research report on Monday, February 27th. Zacks Investment Research lowered Ellie Mae from a “buy” rating to a “hold” rating in a research report on Friday, May 5th. Wedbush started coverage on Ellie Mae in a research report on Monday, March 13th. They issued a “neutral” rating and a $109.00 target price on the stock. Finally, Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $125.00 price target (up from $120.00) on shares of Ellie Mae in a report on Thursday, March 23rd. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Ellie Mae presently has an average rating of “Buy” and a consensus price target of $115.04.

About Ellie Mae

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.

Receive News & Stock Ratings for Ellie Mae Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ellie Mae Inc and related stocks with our FREE daily email newsletter.