Ellie Mae Inc (NYSE:ELLI) insider Sigmund Anderman sold 18,726 shares of the stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $88.80, for a total value of $1,662,868.80. Following the sale, the insider now owns 81,087 shares of the company’s stock, valued at $7,200,525.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Sigmund Anderman also recently made the following trade(s):
- On Monday, November 20th, Sigmund Anderman sold 7,920 shares of Ellie Mae stock. The shares were sold at an average price of $87.38, for a total value of $692,049.60.
- On Friday, October 20th, Sigmund Anderman sold 12,000 shares of Ellie Mae stock. The stock was sold at an average price of $89.24, for a total value of $1,070,880.00.
Ellie Mae Inc (NYSE ELLI) traded down $1.15 during mid-day trading on Wednesday, reaching $93.28. The company had a trading volume of 388,801 shares, compared to its average volume of 565,600. Ellie Mae Inc has a one year low of $79.71 and a one year high of $114.95. The company has a market cap of $3,220.00, a price-to-earnings ratio of 61.77, a PEG ratio of 11.60 and a beta of 0.29.
Ellie Mae (NYSE:ELLI) last posted its quarterly earnings data on Thursday, October 26th. The software maker reported $0.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.13. Ellie Mae had a return on equity of 6.39% and a net margin of 13.45%. The company had revenue of $107.00 million during the quarter, compared to analyst estimates of $105.62 million. During the same quarter last year, the company earned $0.60 EPS. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. research analysts predict that Ellie Mae Inc will post 0.9 EPS for the current year.
Several equities research analysts have weighed in on ELLI shares. Oppenheimer reiterated a “buy” rating and issued a $101.00 price objective on shares of Ellie Mae in a report on Wednesday, September 13th. Zacks Investment Research upgraded Ellie Mae from a “hold” rating to a “buy” rating and set a $103.00 price objective for the company in a report on Wednesday, December 27th. KeyCorp reiterated a “buy” rating and issued a $116.00 price objective on shares of Ellie Mae in a report on Sunday, November 19th. BidaskClub upgraded Ellie Mae from a “hold” rating to a “buy” rating in a report on Wednesday, October 18th. Finally, Needham & Company LLC reissued a “buy” rating on shares of Ellie Mae in a research report on Sunday, October 29th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $108.50.
A number of hedge funds have recently bought and sold shares of the stock. DF Dent & Co. Inc. increased its holdings in shares of Ellie Mae by 10.7% in the 3rd quarter. DF Dent & Co. Inc. now owns 50,017 shares of the software maker’s stock worth $4,108,000 after purchasing an additional 4,850 shares in the last quarter. California Public Employees Retirement System increased its holdings in shares of Ellie Mae by 2.8% in the 3rd quarter. California Public Employees Retirement System now owns 138,482 shares of the software maker’s stock worth $11,374,000 after purchasing an additional 3,782 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Ellie Mae in the 3rd quarter worth $11,753,000. Crestline Management LP bought a new stake in shares of Ellie Mae in the 3rd quarter worth $2,507,000. Finally, Whetstone Capital Advisors LLC bought a new stake in shares of Ellie Mae in the 3rd quarter worth $8,680,000.
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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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