Ellie Mae Inc (NASDAQ:ELLI) CEO Sells $195,540.84 in Stock

Ellie Mae Inc (NASDAQ:ELLI) CEO Jonathan Corr sold 2,211 shares of Ellie Mae stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $88.44, for a total transaction of $195,540.84. Following the completion of the sale, the chief executive officer now directly owns 114,902 shares of the company’s stock, valued at approximately $10,161,932.88. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

  • On Friday, July 7th, Jonathan Corr sold 2,211 shares of Ellie Mae stock. The stock was sold at an average price of $108.08, for a total transaction of $238,964.88.
  • On Wednesday, June 7th, Jonathan Corr sold 2,210 shares of Ellie Mae stock. The stock was sold at an average price of $112.41, for a total transaction of $248,426.10.

Ellie Mae Inc (ELLI) opened at 80.86 on Friday. The stock has a market cap of $2.78 billion and a PE ratio of 53.62. Ellie Mae Inc has a 1-year low of $77.60 and a 1-year high of $114.95. The company’s 50 day moving average is $99.05 and its 200-day moving average is $101.97.

Ellie Mae (NASDAQ:ELLI) last released its quarterly earnings results on Thursday, July 27th. The software maker reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.16. The company had revenue of $104.10 million for the quarter, compared to analyst estimates of $110.69 million. Ellie Mae had a net margin of 18.08% and a return on equity of 10.74%. The firm’s revenue was up 15.5% on a year-over-year basis. During the same quarter last year, the business earned $0.64 earnings per share. Equities research analysts forecast that Ellie Mae Inc will post $1.49 earnings per share for the current fiscal year.

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A number of hedge funds have recently added to or reduced their stakes in ELLI. BlackRock Inc. raised its stake in Ellie Mae by 83,812.6% in the first quarter. BlackRock Inc. now owns 2,189,279 shares of the software maker’s stock valued at $219,519,000 after buying an additional 2,186,670 shares in the last quarter. FMR LLC raised its stake in Ellie Mae by 295.0% in the first quarter. FMR LLC now owns 719,149 shares of the software maker’s stock valued at $72,109,000 after buying an additional 537,095 shares in the last quarter. Baillie Gifford & Co. raised its stake in Ellie Mae by 185.7% in the first quarter. Baillie Gifford & Co. now owns 517,544 shares of the software maker’s stock valued at $51,894,000 after buying an additional 336,420 shares in the last quarter. Quantitative Investment Management LLC bought a new stake in shares of Ellie Mae during the first quarter valued at about $14,057,000. Finally, Vanguard Group Inc. raised its stake in shares of Ellie Mae by 5.2% in the first quarter. Vanguard Group Inc. now owns 2,587,842 shares of the software maker’s stock valued at $259,482,000 after buying an additional 127,005 shares during the period.

A number of research firms have commented on ELLI. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 target price on shares of Ellie Mae in a research report on Monday, August 14th. BidaskClub downgraded shares of Ellie Mae from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. Zacks Investment Research downgraded shares of Ellie Mae from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. ValuEngine downgraded shares of Ellie Mae from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, Roth Capital downgraded shares of Ellie Mae from a “buy” rating to a “neutral” rating in a research report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $116.54.

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.

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