Ellie Mae Inc (ELLI) Director Sells $646,140.00 in Stock
Ellie Mae Inc (NASDAQ:ELLI) Director A Barr Dolan sold 6,000 shares of the firm’s stock in a transaction on Monday, July 10th. The stock was sold at an average price of $107.69, for a total value of $646,140.00. Following the transaction, the director now directly owns 11,053 shares of the company’s stock, valued at approximately $1,190,297.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Ellie Mae Inc (NASDAQ:ELLI) opened at 109.97 on Friday. The firm has a market cap of $3.75 billion and a PE ratio of 83.18. The firm’s 50 day moving average price is $110.20 and its 200-day moving average price is $98.30. Ellie Mae Inc has a 52 week low of $77.60 and a 52 week high of $114.38.
Ellie Mae (NASDAQ:ELLI) last posted its earnings results on Thursday, April 27th. The software maker reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by $0.03. The business had revenue of $93 million for the quarter, compared to analyst estimates of $93.17 million. Ellie Mae had a return on equity of 5.72% and a net margin of 10.32%. The company’s quarterly revenue was up 26.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.24 earnings per share. On average, analysts forecast that Ellie Mae Inc will post $1.91 EPS for the current year.
A number of equities research analysts have recently commented on ELLI shares. Zacks Investment Research raised Ellie Mae from a “hold” rating to a “buy” rating and set a $123.00 price objective for the company in a research report on Monday, July 3rd. KeyCorp reaffirmed a “buy” rating and issued a $130.00 price objective on shares of Ellie Mae in a research report on Wednesday, June 14th. Bank of America Corporation started coverage on Ellie Mae in a research report on Monday, May 15th. They issued a “buy” rating and a $130.00 price objective for the company. William Blair raised Ellie Mae from a “market perform” rating to an “outperform” rating in a research report on Monday, April 3rd. Finally, CIBC lifted their price objective on Ellie Mae from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Friday, March 24th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $115.54.
A number of institutional investors have recently bought and sold shares of the company. Bank of Montreal Can increased its position in Ellie Mae by 1.4% in the second quarter. Bank of Montreal Can now owns 1,817 shares of the software maker’s stock valued at $200,000 after buying an additional 25 shares during the last quarter. Jane Street Group LLC acquired a new position in Ellie Mae during the first quarter valued at approximately $214,000. Banco BTG Pactual S.A. acquired a new position in Ellie Mae during the first quarter valued at approximately $221,000. United Capital Financial Advisers LLC acquired a new position in Ellie Mae during the first quarter valued at approximately $231,000. Finally, Creative Planning increased its position in Ellie Mae by 31.0% in the first quarter. Creative Planning now owns 2,989 shares of the software maker’s stock valued at $300,000 after buying an additional 707 shares during the last quarter.
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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