Ellie Mae, Inc. (ELLI) EVP Gates Cathleen Schreiner Sells 1,900 Shares
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.
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.
COPYRIGHT VIOLATION NOTICE: “Ellie Mae, Inc. (ELLI) EVP Gates Cathleen Schreiner Sells 1,900 Shares” was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this news story on another domain, it was illegally copied and reposted in violation of U.S. and international copyright law. The legal version of this news story can be accessed at https://www.thecerbatgem.com/2017/12/09/ellie-mae-inc-elli-evp-gates-cathleen-schreiner-sells-1900-shares.html.
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.
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.