Ellie Mae Inc (NYSE:ELLI) CEO Jonathan Corr sold 1,131 shares of the business’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $93.50, for a total transaction of $105,748.50. Following the sale, the chief executive officer now owns 114,922 shares of the company’s stock, valued at approximately $10,745,207. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Thursday, December 7th, Jonathan Corr sold 1,623 shares of Ellie Mae stock. The shares were sold at an average price of $88.72, for a total transaction of $143,992.56.
  • 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 shares were sold at an average price of $87.52, for a total transaction of $193,506.72.

Shares of Ellie Mae Inc (NYSE:ELLI) traded up $1.28 on Friday, hitting $96.38. 194,295 shares of the stock traded hands, compared to its average volume of 359,446. Ellie Mae Inc has a 52 week low of $79.71 and a 52 week high of $114.95. The firm has a market capitalization of $3,284.40, a P/E ratio of 63.83, a price-to-earnings-growth ratio of 12.40 and a beta of 0.29.

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

Several analysts have weighed in on the stock. Barclays upgraded shares of Ellie Mae from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $100.00 to $114.00 in a research note on Tuesday. Compass Point initiated coverage on shares of Ellie Mae in a report on Wednesday, January 3rd. They set a “sell” rating and a $65.00 price target for the company. Zacks Investment Research downgraded shares of Ellie Mae from a “buy” rating to a “hold” rating in a report on Monday, January 1st. KeyCorp reissued a “buy” rating and set a $116.00 price target on shares of Ellie Mae in a report on Sunday, November 19th. Finally, Needham & Company LLC reissued a “buy” rating on shares of Ellie Mae in a report on Sunday, October 29th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $108.50.

A number of hedge funds have recently bought and sold shares of ELLI. Schwab Charles Investment Management Inc. lifted its holdings in Ellie Mae by 5.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 143,960 shares of the software maker’s stock worth $15,823,000 after purchasing an additional 7,401 shares during the period. Legal & General Group Plc lifted its holdings in Ellie Mae by 10.4% in the second quarter. Legal & General Group Plc now owns 12,413 shares of the software maker’s stock worth $1,364,000 after purchasing an additional 1,166 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in Ellie Mae by 525.1% in the second quarter. BNP Paribas Arbitrage SA now owns 4,288 shares of the software maker’s stock worth $471,000 after purchasing an additional 3,602 shares during the period. Marshall Wace North America L.P. acquired a new stake in Ellie Mae in the second quarter worth about $307,000. Finally, Prudential Financial Inc. lifted its holdings in Ellie Mae by 3.2% in the second quarter. Prudential Financial Inc. now owns 3,590 shares of the software maker’s stock worth $395,000 after purchasing an additional 110 shares during the period.

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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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