Ellie Mae Inc (ELLI) EVP Gates Cathleen Schreiner Sells 13,000 Shares

Ellie Mae Inc (NYSE:ELLI) EVP Gates Cathleen Schreiner sold 13,000 shares of the firm’s stock in a transaction on Friday, January 12th. The stock was sold at an average price of $95.56, for a total value of $1,242,280.00. Following the completion of the transaction, the executive vice president now owns 56,313 shares in the company, valued at $5,381,270.28. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Gates Cathleen Schreiner also recently made the following trade(s):

  • On Tuesday, December 26th, Gates Cathleen Schreiner sold 2,881 shares of Ellie Mae stock. The stock was sold at an average price of $92.08, for a total value of $265,282.48.
  • On Wednesday, December 6th, Gates Cathleen Schreiner sold 1,900 shares of Ellie Mae stock. The stock was sold at an average price of $86.01, for a total value of $163,419.00.

Ellie Mae Inc (ELLI) traded up $1.28 during midday trading on Friday, reaching $96.38. The company had a trading volume of 194,295 shares, compared to its average volume of 480,711. The stock has a market capitalization of $3,330.00, a P/E ratio of 63.83, a PEG ratio of 11.60 and a beta of 0.29. Ellie Mae Inc has a 12 month low of $79.71 and a 12 month high of $114.95.

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

Several institutional investors have recently made changes to their positions in ELLI. Meritage Group LP purchased a new position in shares of Ellie Mae in the third quarter valued at about $38,834,000. Baillie Gifford & Co. lifted its position in shares of Ellie Mae by 51.5% in the third quarter. Baillie Gifford & Co. now owns 818,296 shares of the software maker’s stock valued at $67,207,000 after acquiring an additional 278,321 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Ellie Mae by 378.7% in the third quarter. Ameriprise Financial Inc. now owns 191,316 shares of the software maker’s stock valued at $15,712,000 after acquiring an additional 151,347 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Ellie Mae in the third quarter valued at about $11,753,000. Finally, Tekne Capital Management LLC lifted its position in shares of Ellie Mae by 35.8% in the third quarter. Tekne Capital Management LLC now owns 429,539 shares of the software maker’s stock valued at $35,278,000 after acquiring an additional 113,237 shares in the last quarter.

A number of equities analysts have recently issued reports on the company. Compass Point assumed coverage on Ellie Mae in a research note on Wednesday, January 3rd. They issued a “sell” rating and a $65.00 price target on the stock. Zacks Investment Research downgraded Ellie Mae from a “buy” rating to a “hold” rating in a research note on Monday, January 1st. Royal Bank of Canada reiterated a “hold” rating and set a $90.00 target price on shares of Ellie Mae in a research report on Tuesday, October 10th. Barclays upgraded Ellie Mae from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $100.00 to $114.00 in a research report on Tuesday. Finally, KeyCorp reiterated a “buy” rating and set a $116.00 target price on shares of Ellie Mae in a research report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. Ellie Mae currently has a consensus rating of “Buy” and a consensus target price of $108.50.

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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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