Ellie Mae Inc (ELLI) CEO Sells $59,530.23 in Stock

Ellie Mae Inc (NYSE:ELLI) CEO Jonathan Corr sold 589 shares of the firm’s stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $101.07, for a total transaction of $59,530.23. Following the completion of the sale, the chief executive officer now owns 109,572 shares of the company’s stock, valued at $11,074,442.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Monday, August 13th, Jonathan Corr sold 590 shares of Ellie Mae stock. The stock was sold at an average price of $105.50, for a total transaction of $62,245.00.
  • On Wednesday, July 11th, Jonathan Corr sold 589 shares of Ellie Mae stock. The stock was sold at an average price of $104.47, for a total transaction of $61,532.83.

Shares of ELLI opened at $100.48 on Friday. The company has a market cap of $3.54 billion, a P/E ratio of 97.55, a PEG ratio of 5.69 and a beta of 0.78. Ellie Mae Inc has a twelve month low of $80.71 and a twelve month high of $116.90.

Ellie Mae (NYSE:ELLI) last announced its quarterly earnings results on Thursday, July 26th. The software maker reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.13. The company had revenue of $125.00 million during the quarter, compared to the consensus estimate of $123.79 million. Ellie Mae had a net margin of 7.81% and a return on equity of 4.50%. The firm’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.51 earnings per share. research analysts forecast that Ellie Mae Inc will post 0.97 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in ELLI. Millennium Management LLC bought a new stake in shares of Ellie Mae during the fourth quarter valued at approximately $531,000. SG Americas Securities LLC bought a new stake in Ellie Mae in the 1st quarter worth approximately $231,000. Mackay Shields LLC bought a new stake in Ellie Mae in the 1st quarter worth approximately $276,000. Trexquant Investment LP bought a new stake in Ellie Mae in the 1st quarter worth approximately $909,000. Finally, Swiss National Bank grew its position in Ellie Mae by 2.2% in the 1st quarter. Swiss National Bank now owns 59,900 shares of the software maker’s stock worth $5,507,000 after purchasing an additional 1,300 shares during the period.

Several equities analysts have recently issued reports on the stock. Morgan Stanley lifted their target price on shares of Ellie Mae from $109.00 to $118.00 and gave the company an “equal weight” rating in a report on Friday, July 27th. KeyCorp reiterated a “buy” rating and set a $130.00 target price on shares of Ellie Mae in a report on Sunday, July 22nd. Needham & Company LLC reiterated a “buy” rating and set a $135.00 target price on shares of Ellie Mae in a report on Friday, July 27th. Royal Bank of Canada lifted their target price on shares of Ellie Mae to $125.00 and gave the company an “outperform” rating in a report on Monday, June 18th. Finally, Roth Capital lifted their target price on shares of Ellie Mae from $85.00 to $100.00 and gave the company a “neutral” rating in a report on Friday, July 27th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Ellie Mae currently has an average rating of “Hold” and a consensus price target of $108.86.

Ellie Mae Company Profile

Ellie Mae, Inc provides cloud-based platform for the mortgage finance industry in the United States. The company provides Encompass, a proprietary software solution that combines lead management; loan origination and processing; underwriting; preparation of mortgage applications, disclosure agreements, and closing documents; loan funding and closing; compliance with regulatory and investor requirements; and enterprise management.

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

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