Ellie Mae (NYSE:ELLI) released its earnings results on Wednesday. The software maker reported $0.33 EPS for the quarter, beating the consensus estimate of $0.32 by $0.01, Bloomberg Earnings reports. Ellie Mae had a net margin of 13.45% and a return on equity of 6.39%. The firm had revenue of $112.89 million for the quarter, compared to analyst estimates of $108.27 million. During the same period last year, the firm earned $0.46 EPS. The business’s quarterly revenue was up 17.3% compared to the same quarter last year.
Shares of Ellie Mae (ELLI) traded down $3.49 during trading on Thursday, hitting $87.26. 863,091 shares of the company traded hands, compared to its average volume of 405,711. The company has a market cap of $3,091.34, a price-to-earnings ratio of 57.79, a PEG ratio of 8.17 and a beta of 0.57. Ellie Mae has a 12 month low of $79.71 and a 12 month high of $114.95.
In related news, CEO Jonathan Corr sold 2,212 shares of Ellie Mae stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $88.95, for a total transaction of $196,757.40. Following the sale, the chief executive officer now directly owns 114,633 shares in the company, valued at approximately $10,196,605.35. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Gates Cathleen Schreiner sold 1,900 shares of Ellie Mae stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $86.01, for a total transaction of $163,419.00. Following the sale, the executive vice president now owns 43,149 shares in the company, valued at $3,711,245.49. The disclosure for this sale can be found here. Insiders have sold a total of 59,721 shares of company stock worth $5,402,858 over the last ninety days. 3.39% of the stock is currently owned by insiders.
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.
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