Ellie Mae Inc (NYSE:ELLI) EVP Peter Hirsch sold 2,256 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $91.48, for a total transaction of $206,378.88. Following the transaction, the executive vice president now directly owns 27,756 shares in the company, valued at $2,539,118.88. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Peter Hirsch also recently made the following trade(s):
- On Friday, February 16th, Peter Hirsch sold 2,029 shares of Ellie Mae stock. The shares were sold at an average price of $90.28, for a total transaction of $183,178.12.
Shares of Ellie Mae Inc (ELLI) traded up $0.95 during mid-day trading on Friday, hitting $92.42. 219,115 shares of the stock were exchanged, 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 PE ratio of 62.45, a PEG ratio of 7.85 and a beta of 0.57.
Ellie Mae (NYSE:ELLI) last announced its earnings results on Thursday, February 8th. The software maker reported $0.33 EPS for the quarter, beating 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 firm had revenue of $112.89 million for the quarter, compared to analysts’ expectations of $108.27 million. During the same quarter in the previous year, the business posted $0.46 EPS. The company’s quarterly revenue was up 17.3% on a year-over-year basis. sell-side analysts forecast that Ellie Mae Inc will post 0.78 earnings per share for the current year.
A number of brokerages have issued reports on ELLI. Zacks Investment Research raised shares of Ellie Mae from a “hold” rating to a “buy” rating and set a $98.00 price objective on the stock in a research report on Friday, February 9th. Bank of America reduced their price objective on shares of Ellie Mae from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, February 9th. Stephens reissued a “hold” rating and set a $92.00 price objective on shares of Ellie Mae in a research report on Friday, February 9th. Compass Point began coverage on shares of Ellie Mae in a research report on Wednesday, January 3rd. They set a “sell” rating and a $65.00 price objective on the stock. Finally, Oppenheimer reissued a “buy” rating and set a $110.00 price objective on shares of Ellie Mae in a research report on Thursday, February 1st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $106.11.
A number of institutional investors have recently made changes to their positions in the stock. Advisor Group Inc. boosted its stake 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 purchasing an additional 118 shares in the last quarter. Ameritas Investment Partners Inc. boosted its stake in 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 purchasing an additional 141 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Ellie Mae by 45.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,941 shares of the software maker’s stock worth $174,000 after purchasing an additional 602 shares in the last quarter. Rhumbline Advisers boosted its stake in Ellie Mae by 1.5% in the 3rd quarter. Rhumbline Advisers now owns 41,615 shares of the software maker’s stock worth $3,418,000 after purchasing an additional 607 shares in the last quarter. Finally, Natixis Asset Management boosted its stake in Ellie Mae by 1.4% in the 4th quarter. Natixis Asset Management now owns 50,934 shares of the software maker’s stock worth $4,555,000 after purchasing an additional 715 shares in the last quarter.
WARNING: “Ellie Mae Inc (ELLI) EVP Sells $206,378.88 in Stock” was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this news story on another website, it was illegally stolen and reposted in violation of US and international copyright laws. The legal version of this news story can be accessed at https://www.dispatchtribunal.com/2018/02/24/ellie-mae-inc-elli-evp-sells-206378-88-in-stock.html.
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.
Receive News & Ratings for Ellie Mae Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ellie Mae and related companies with MarketBeat.com's FREE daily email newsletter.