Ellie Mae Inc (NYSE:ELLI) CEO Jonathan Corr sold 1,132 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $86.89, for a total transaction of $98,359.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Jonathan Corr also recently made the following trade(s):
- On Thursday, January 11th, Jonathan Corr sold 1,131 shares of Ellie Mae stock. The shares were sold at an average price of $93.50, for a total transaction of $105,748.50.
- 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.
Shares of Ellie Mae Inc (NYSE ELLI) traded up $0.08 during trading on Wednesday, hitting $88.94. 492,414 shares of the stock were exchanged, compared to its average volume of 440,046. Ellie Mae Inc has a twelve month low of $79.71 and a twelve month high of $114.95. The firm has a market capitalization of $2,960.69, a PE ratio of 60.09, a price-to-earnings-growth ratio of 7.12 and a beta of 0.57.
Ellie Mae (NYSE:ELLI) last issued its quarterly earnings data on Thursday, February 8th. The software maker reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.01. Ellie Mae had a net margin of 12.67% and a return on equity of 5.43%. The business had revenue of $112.89 million during the quarter, compared to analysts’ expectations of $108.27 million. During the same period in the previous year, the company earned $0.46 earnings per share. Ellie Mae’s revenue for the quarter was up 17.3% on a year-over-year basis. equities research analysts anticipate that Ellie Mae Inc will post 0.81 EPS for the current fiscal year.
Several institutional investors have recently modified their holdings of the company. Raymond James & Associates lifted its stake in shares of Ellie Mae by 4.4% in the fourth quarter. Raymond James & Associates now owns 22,816 shares of the software maker’s stock worth $2,040,000 after buying an additional 965 shares during the last quarter. Deutsche Bank AG lifted its stake in shares of Ellie Mae by 13.3% in the fourth quarter. Deutsche Bank AG now owns 74,741 shares of the software maker’s stock worth $6,679,000 after buying an additional 8,761 shares during the last quarter. Jefferies Group LLC acquired a new stake in shares of Ellie Mae in the fourth quarter worth $292,000. Natixis Asset Management lifted its stake in shares of Ellie Mae by 1.4% in the fourth quarter. Natixis Asset Management now owns 50,934 shares of the software maker’s stock worth $4,555,000 after buying an additional 715 shares during the last quarter. Finally, Fred Alger Management Inc. lifted its stake in shares of Ellie Mae by 23.0% in the fourth quarter. Fred Alger Management Inc. now owns 210,565 shares of the software maker’s stock worth $18,825,000 after buying an additional 39,348 shares during the last quarter.
A number of research firms have issued reports on ELLI. 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 note on Wednesday, October 18th. KeyCorp reiterated a “buy” rating and issued a $116.00 target price on shares of Ellie Mae in a research note on Sunday, November 19th. Oppenheimer reiterated a “buy” rating and issued a $110.00 target price on shares of Ellie Mae in a research note on Thursday, February 1st. Barclays upgraded shares of Ellie Mae from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $100.00 to $114.00 in a research note on Tuesday, January 9th. Finally, Bank of America reduced their target price on shares of Ellie Mae from $115.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, February 9th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company. Ellie Mae currently has an average rating of “Buy” and a consensus price target of $106.11.
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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.
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