Ellie Mae Inc (ELLI) CEO Sells $105,748.50 in Stock

Ellie Mae Inc (NYSE:ELLI) CEO Jonathan Corr sold 1,131 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 114,922 shares of the company’s stock, valued at approximately $10,745,207. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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) opened at $96.38 on Friday. Ellie Mae Inc has a 1 year low of $79.71 and a 1 year high of $114.95. The stock has a market cap of $3,328.58, a P/E ratio of 63.83, a price-to-earnings-growth ratio of 12.57 and a beta of 0.29.

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

Several brokerages recently commented on ELLI. Zacks Investment Research raised shares of Ellie Mae from a “hold” rating to a “buy” rating and set a $103.00 price objective for the company in a research note on Wednesday, December 27th. Barclays lifted their target price on shares of Ellie Mae from $92.00 to $100.00 and gave the company an “equal weight” rating in a research report on Friday, October 27th. Compass Point started coverage on shares of Ellie Mae in a research report on Wednesday, January 3rd. They set a “sell” rating and a $65.00 target price for the company. KeyCorp reiterated a “buy” rating and set a $116.00 target price on shares of Ellie Mae in a research report on Sunday, November 19th. Finally, Royal Bank of Canada upgraded shares of Ellie Mae from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $90.00 to $105.00 in a research report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $108.50.

Several institutional investors and hedge funds have recently made changes to their positions in the company. 1st Global Advisors Inc. lifted its holdings in shares of Ellie Mae by 0.7% in the 2nd quarter. 1st Global Advisors Inc. now owns 4,554 shares of the software maker’s stock worth $501,000 after acquiring an additional 30 shares during the last quarter. Prudential Financial Inc. lifted its holdings in shares of Ellie Mae by 3.2% in the 2nd quarter. Prudential Financial Inc. now owns 3,590 shares of the software maker’s stock worth $395,000 after acquiring an additional 110 shares during the last quarter. Advisor Group Inc. lifted its holdings in shares of Ellie Mae by 13.2% in the 2nd quarter. Advisor Group Inc. now owns 1,014 shares of the software maker’s stock worth $112,000 after acquiring an additional 118 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Ellie Mae by 9.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,339 shares of the software maker’s stock worth $147,000 after acquiring an additional 119 shares during the last quarter. Finally, Ameritas Investment Partners Inc. lifted its holdings in shares of Ellie Mae by 5.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,972 shares of the software maker’s stock worth $327,000 after acquiring an additional 141 shares during the last quarter.

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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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