Ellie Mae Inc (NYSE:ELLI) insider Sigmund Anderman sold 3,151 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $90.35, for a total value of $284,692.85. Following the completion of the sale, the insider now owns 59,262 shares in the company, valued at approximately $5,354,321.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Sigmund Anderman also recently made the following trade(s):
- On Wednesday, January 3rd, Sigmund Anderman sold 18,726 shares of Ellie Mae stock. The shares were sold at an average price of $88.80, for a total value of $1,662,868.80.
Ellie Mae Inc (NYSE:ELLI) opened at $92.47 on Wednesday. Ellie Mae Inc has a twelve month low of $79.71 and a twelve month high of $114.95. The stock has a market capitalization of $3,107.53, a P/E ratio of 83.29, a price-to-earnings-growth ratio of 7.72 and a beta of 0.57.
Ellie Mae (NYSE:ELLI) last announced its quarterly earnings results on Thursday, February 8th. The software maker reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.01. Ellie Mae had a return on equity of 5.43% and a net margin of 12.67%. The company had revenue of $112.89 million during the quarter, compared to the consensus estimate of $108.27 million. During the same period in the previous year, the company posted $0.46 earnings per share. Ellie Mae’s revenue for the quarter was up 17.3% on a year-over-year basis. research analysts anticipate that Ellie Mae Inc will post 0.78 EPS for the current fiscal year.
A number of large investors have recently made changes to their positions in ELLI. Ameriprise Financial Inc. acquired a new position in Ellie Mae in the second quarter valued at approximately $4,392,000. Advisor Group Inc. lifted its holdings in Ellie Mae by 13.2% in the second quarter. Advisor Group Inc. now owns 1,014 shares of the software maker’s stock valued at $112,000 after acquiring an additional 118 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Ellie Mae by 2.7% in the second quarter. Dimensional Fund Advisors LP now owns 197,619 shares of the software maker’s stock valued at $21,719,000 after acquiring an additional 5,276 shares during the period. Stifel Financial Corp acquired a new position in Ellie Mae in the second quarter valued at approximately $270,000. Finally, Cornerstone Capital Management Holdings LLC. acquired a new position in Ellie Mae in the second quarter valued at approximately $1,186,000.
ELLI has been the topic of a number of recent research reports. Zacks Investment Research lowered Ellie Mae from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Barclays upped their target price on Ellie Mae from $92.00 to $100.00 and gave the company an “equal weight” rating in a research report on Friday, October 27th. KeyCorp reiterated a “buy” rating and issued a $116.00 target price on shares of Ellie Mae in a research report on Sunday, November 19th. Needham & Company LLC reiterated a “buy” rating on shares of Ellie Mae in a research report on Sunday, October 29th. Finally, Morgan Stanley upped their target price on Ellie Mae from $101.00 to $109.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $106.11.
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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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