Ellie Mae, Inc. (NYSE:ELLI) CEO Jonathan Corr sold 1,623 shares of Ellie Mae stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $88.72, for a total transaction of $143,992.56. Following the completion of the sale, the chief executive officer now directly owns 114,633 shares in the company, valued at approximately $10,170,239.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Jonathan Corr also recently made the following trade(s):

  • On Monday, December 11th, Jonathan Corr sold 2,212 shares of Ellie Mae stock. The shares were sold at an average price of $88.95, for a total transaction of $196,757.40.
  • On Tuesday, November 7th, Jonathan Corr sold 2,211 shares of Ellie Mae stock. The stock was sold at an average price of $87.52, for a total transaction of $193,506.72.
  • On Monday, October 9th, Jonathan Corr sold 2,211 shares of Ellie Mae stock. The stock was sold at an average price of $83.76, for a total transaction of $185,193.36.

Shares of Ellie Mae, Inc. (NYSE:ELLI) traded up $1.01 during trading on Monday, hitting $89.72. 250,073 shares of the stock were exchanged, compared to its average volume of 432,525. The stock has a market cap of $3,100.00, a PE ratio of 70.40, a price-to-earnings-growth ratio of 7.45 and a beta of 0.28. Ellie Mae, Inc. has a 12 month low of $79.71 and a 12 month high of $114.95.

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 net margin of 13.45% and a return on equity of 6.39%. The firm had revenue of $107.00 million for the quarter, compared to the consensus estimate of $105.62 million. During the same quarter last year, the firm posted $0.60 EPS. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. analysts anticipate that Ellie Mae, Inc. will post 0.9 EPS for the current year.

Several equities research analysts have recently issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and set a $100.00 price objective on shares of Ellie Mae in a research report on Monday, August 14th. Barclays increased their target price on Ellie Mae from $92.00 to $100.00 and gave the company an “equal weight” rating in a research report on Friday, October 27th. Zacks Investment Research raised Ellie Mae from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Royal Bank of Canada reiterated a “hold” rating and issued a $90.00 price objective on shares of Ellie Mae in a research note on Tuesday, October 10th. Finally, KeyCorp reaffirmed a “buy” rating and set a $116.00 price target on shares of Ellie Mae in a research report on Wednesday, October 4th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $110.71.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. bought a new position in Ellie Mae in the second quarter worth about $1,461,000. Merriman Wealth Management LLC increased its position in shares of Ellie Mae by 14.2% during the 3rd quarter. Merriman Wealth Management LLC now owns 80,586 shares of the software maker’s stock worth $6,619,000 after purchasing an additional 10,000 shares during the last quarter. Mirador Capital Partners LP increased its position in shares of Ellie Mae by 5.0% during the 2nd quarter. Mirador Capital Partners LP now owns 19,175 shares of the software maker’s stock worth $1,706,000 after purchasing an additional 906 shares during the last quarter. Nationwide Fund Advisors increased its position in shares of Ellie Mae by 26.8% during the 3rd quarter. Nationwide Fund Advisors now owns 242,728 shares of the software maker’s stock worth $19,935,000 after purchasing an additional 51,253 shares during the last quarter. Finally, Eaton Vance Management increased its position in shares of Ellie Mae by 10.2% during the 2nd quarter. Eaton Vance Management now owns 154,885 shares of the software maker’s stock worth $17,023,000 after purchasing an additional 14,278 shares during the last quarter.

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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.

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

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