Ellie Mae, Inc. (NYSE:ELLI) EVP Gates Cathleen Schreiner sold 1,900 shares of Ellie Mae stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $86.01, for a total value of $163,419.00. Following the sale, the executive vice president now directly owns 43,149 shares of the company’s stock, valued at approximately $3,711,245.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ellie Mae, Inc. (ELLI) traded up $0.25 on Friday, hitting $88.71. The stock had a trading volume of 212,793 shares, compared to its average volume of 273,578. Ellie Mae, Inc. has a 1 year low of $79.71 and a 1 year high of $114.95. The stock has a market capitalization of $3,055.42, a P/E ratio of 70.21, a P/E/G ratio of 7.43 and a beta of 0.28.

Ellie Mae (NYSE:ELLI) last announced its quarterly earnings results on Thursday, October 26th. The software maker reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.13. Ellie Mae had a return on equity of 6.39% and a net margin of 13.45%. The company had revenue of $107.00 million for the quarter, compared to the consensus estimate of $105.62 million. During the same quarter in the previous year, the business earned $0.60 EPS. Ellie Mae’s revenue was up 6.6% compared to the same quarter last year. research analysts predict that Ellie Mae, Inc. will post 0.9 earnings per share for the current year.

Large investors have recently made changes to their positions in the stock. Advisor Group Inc. increased its holdings in Ellie Mae by 13.2% during the 2nd quarter. Advisor Group Inc. now owns 1,014 shares of the software maker’s stock valued at $112,000 after purchasing an additional 118 shares during the period. Nisa Investment Advisors LLC increased its holdings in Ellie Mae by 8.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,230 shares of the software maker’s stock valued at $135,000 after purchasing an additional 100 shares during the period. Victory Capital Management Inc. purchased a new position in Ellie Mae during the 3rd quarter valued at about $139,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Ellie Mae by 9.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,339 shares of the software maker’s stock valued at $147,000 after purchasing an additional 119 shares during the period. Finally, Bank of Montreal Can increased its holdings in Ellie Mae by 1.4% during the 2nd quarter. Bank of Montreal Can now owns 1,817 shares of the software maker’s stock valued at $200,000 after purchasing an additional 25 shares during the period.

Several research firms have recently commented on ELLI. Barclays lifted their price objective on Ellie Mae from $92.00 to $100.00 and gave the stock an “equal weight” rating in a report on Friday, October 27th. Zacks Investment Research upgraded Ellie Mae from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. KeyCorp reiterated a “buy” rating and issued a $116.00 price objective on shares of Ellie Mae in a report on Sunday, November 19th. Royal Bank Of Canada upgraded Ellie Mae from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $90.00 to $105.00 in a report on Wednesday, October 18th. Finally, BidaskClub upgraded Ellie Mae from a “hold” rating to a “buy” rating in a report on Wednesday, October 18th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $110.71.

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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.

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

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