Ellie Mae Inc (ELLI) CEO Jonathan Corr Sells 6,747 Shares

Ellie Mae Inc (NYSE:ELLI) CEO Jonathan Corr sold 6,747 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $91.23, for a total value of $615,528.81. Following the sale, the chief executive officer now owns 121,785 shares in the company, valued at approximately $11,110,445.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Jonathan Corr also recently made the following trade(s):

  • On Friday, February 16th, Jonathan Corr sold 11,232 shares of Ellie Mae stock. The shares were sold at an average price of $89.20, for a total value of $1,001,894.40.
  • On Monday, February 12th, Jonathan Corr sold 1,132 shares of Ellie Mae stock. The stock was sold at an average price of $86.89, for a total value of $98,359.48.
  • On Thursday, January 11th, Jonathan Corr sold 1,131 shares of Ellie Mae stock. The stock was sold at an average price of $93.50, for a total value of $105,748.50.
  • On Thursday, December 7th, Jonathan Corr sold 1,623 shares of Ellie Mae stock. The stock was sold at an average price of $88.72, for a total value of $143,992.56.
  • On Monday, December 11th, Jonathan Corr sold 2,212 shares of Ellie Mae stock. The stock was sold at an average price of $88.95, for a total value of $196,757.40.

Shares of Ellie Mae Inc (ELLI) traded up $0.95 during mid-day trading on Friday, reaching $92.42. The company had a trading volume of 219,115 shares, compared to its average volume of 399,789. Ellie Mae Inc has a 1-year low of $79.71 and a 1-year high of $114.95. The company has a market cap of $3,190.00, a price-to-earnings ratio of 62.45, a price-to-earnings-growth ratio of 7.78 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. Ellie Mae had a return on equity of 5.43% and a net margin of 12.67%. The business had revenue of $112.89 million during the quarter, compared to analyst estimates of $108.27 million. During the same period in the prior year, the company posted $0.46 EPS. The business’s revenue for the quarter was up 17.3% compared to the same quarter last year. equities research analysts forecast that Ellie Mae Inc will post 0.78 earnings per share for the current fiscal year.

A number of brokerages have recently weighed in on ELLI. Morgan Stanley increased their price target on Ellie Mae from $101.00 to $109.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 30th. Oppenheimer reiterated a “buy” rating and set a $110.00 price target on shares of Ellie Mae in a research report on Thursday, February 1st. Zacks Investment Research upgraded Ellie Mae from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a research report on Wednesday, December 27th. Barclays increased their price target on Ellie Mae from $92.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Friday, October 27th. Finally, KeyCorp increased their price target on Ellie Mae from $118.00 to $120.00 and gave the stock an “overweight” rating in a research report on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $106.11.

Hedge funds have recently modified their holdings of the stock. Advisor Group Inc. grew its holdings in 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 buying an additional 118 shares in the last quarter. Victory Capital Management Inc. bought a new position in Ellie Mae in the 3rd quarter worth approximately $139,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Ellie Mae by 45.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,941 shares of the software maker’s stock valued at $174,000 after purchasing an additional 602 shares in the last quarter. Barings LLC bought a new position in Ellie Mae during the 4th quarter valued at $201,000. Finally, Stifel Financial Corp bought a new position in Ellie Mae during the 2nd quarter valued at $270,000.

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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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