Ellie Mae Inc (ELLI) Director Marina Levinson Sells 2,861 Shares of Stock
Ellie Mae Inc (NASDAQ:ELLI) Director Marina Levinson sold 2,861 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $82.39, for a total transaction of $235,717.79. Following the transaction, the director now directly owns 3,358 shares of the company’s stock, valued at $276,665.62. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of Ellie Mae Inc (NASDAQ:ELLI) traded down 1.44% during midday trading on Friday, hitting $81.29. 219,700 shares of the stock were exchanged. The company has a market cap of $2.79 billion and a price-to-earnings ratio of 53.91. Ellie Mae Inc has a one year low of $77.60 and a one year high of $114.95. The firm has a 50 day moving average of $96.39 and a 200-day moving average of $101.88.
Ellie Mae (NASDAQ:ELLI) last announced its earnings results on Thursday, July 27th. The software maker reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.16. The firm had revenue of $104.10 million for the quarter, compared to the consensus estimate of $110.69 million. Ellie Mae had a return on equity of 10.74% and a net margin of 18.08%. The firm’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.64 EPS. Equities analysts expect that Ellie Mae Inc will post $1.49 EPS for the current year.
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ELLI has been the subject of a number of recent research reports. Zacks Investment Research lowered shares of Ellie Mae from a “buy” rating to a “hold” rating in a research report on Friday, May 5th. Bank of America Corp initiated coverage on shares of Ellie Mae in a research report on Monday, May 15th. They set a “buy” rating and a $130.00 price target for the company. KeyCorp reissued a “buy” rating and set a $130.00 price target on shares of Ellie Mae in a research report on Wednesday, June 14th. Morgan Stanley reaffirmed an “equal weight” rating and set a $115.00 price objective (up previously from $106.00) on shares of Ellie Mae in a research note on Thursday, July 20th. Finally, Roth Capital cut shares of Ellie Mae from a “buy” rating to a “neutral” rating in a research note on Friday, July 28th. Two analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $116.54.
A number of hedge funds have recently made changes to their positions in ELLI. Guggenheim Capital LLC increased its stake in shares of Ellie Mae by 14.3% in the fourth quarter. Guggenheim Capital LLC now owns 4,157 shares of the software maker’s stock valued at $348,000 after buying an additional 519 shares during the last quarter. Teachers Advisors LLC increased its stake in shares of Ellie Mae by 4.4% in the fourth quarter. Teachers Advisors LLC now owns 72,934 shares of the software maker’s stock valued at $6,103,000 after buying an additional 3,054 shares during the last quarter. Creative Planning increased its stake 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 valued at $300,000 after buying an additional 707 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Ellie Mae during the first quarter valued at $351,000. Finally, Strs Ohio increased its stake in shares of Ellie Mae by 36.7% in the first quarter. Strs Ohio now owns 4,100 shares of the software maker’s stock valued at $411,000 after buying an additional 1,100 shares during the last quarter.
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.
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