Ellie Mae Inc (ELLI) Director Karen Blasing Sells 414 Shares
Ellie Mae Inc (NASDAQ:ELLI) Director Karen Blasing sold 414 shares of the firm’s stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $112.40, for a total transaction of $46,533.60. Following the completion of the transaction, the director now directly owns 5,547 shares in the company, valued at approximately $623,482.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Ellie Mae Inc (NASDAQ:ELLI) traded up 0.23% on Wednesday, hitting $110.67. 214,772 shares of the company were exchanged. The stock has a 50 day moving average price of $109.07 and a 200 day moving average price of $97.11. The firm has a market cap of $3.77 billion and a price-to-earnings ratio of 83.71. Ellie Mae Inc has a one year low of $77.60 and a one year high of $114.38.
Ellie Mae (NASDAQ:ELLI) last announced its earnings results on Thursday, April 27th. The software maker reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.03. Ellie Mae had a return on equity of 5.72% and a net margin of 10.32%. The company had revenue of $93 million for the quarter, compared to analyst estimates of $93.17 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. Ellie Mae’s revenue for the quarter was up 26.3% on a year-over-year basis. On average, equities research analysts forecast that Ellie Mae Inc will post $1.91 EPS for the current fiscal year.
Institutional investors have recently made changes to their positions in the company. Jane Street Group LLC bought a new position in shares of Ellie Mae during the first quarter worth about $214,000. Banco BTG Pactual S.A. bought a new position in shares of Ellie Mae during the first quarter worth about $221,000. United Capital Financial Advisers LLC bought a new position in shares of Ellie Mae during the first quarter worth about $231,000. First Allied Advisory Services Inc. bought a new position in shares of Ellie Mae during the fourth quarter worth about $245,000. Finally, Creative Planning raised its position in shares of 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 during the last quarter.
Several equities research analysts have commented on the stock. KeyCorp restated a “buy” rating and issued a $130.00 price target on shares of Ellie Mae in a research note on Wednesday, June 14th. Vetr lowered shares of Ellie Mae from a “buy” rating to a “hold” rating and set a $97.50 price target on the stock. in a research note on Monday, February 27th. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $125.00 price target (up previously from $120.00) on shares of Ellie Mae in a research note on Thursday, March 23rd. Bank of America Corporation assumed coverage on shares of Ellie Mae in a research note on Monday, May 15th. They issued a “buy” rating and a $130.00 price target on the stock. Finally, Needham & Company LLC restated a “buy” rating and issued a $135.00 price target on shares of Ellie Mae in a research note on Saturday, March 11th. Six investment analysts have rated the stock with a hold rating and nine have given 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.
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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