Ellie Mae (NYSE:ELLI) CEO Sells $55,324.77 in Stock

Ellie Mae (NYSE:ELLI) CEO Jonathan Corr sold 589 shares of the company’s stock in a transaction on Monday, March 12th. The stock was sold at an average price of $93.93, for a total transaction of $55,324.77. Following the transaction, the chief executive officer now owns 114,147 shares of the company’s stock, valued at $10,721,827.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

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  • On Tuesday, April 3rd, Jonathan Corr sold 2,306 shares of Ellie Mae stock. The shares were sold at an average price of $91.56, for a total value of $211,137.36.
  • On Wednesday, March 7th, Jonathan Corr sold 3,113 shares of Ellie Mae stock. The shares were sold at an average price of $92.57, for a total value of $288,170.41.
  • On Tuesday, February 27th, Jonathan Corr sold 3,515 shares of Ellie Mae stock. The shares were sold at an average price of $92.42, for a total value of $324,856.30.
  • On Friday, February 23rd, Jonathan Corr sold 6,747 shares of Ellie Mae stock. The shares were sold at an average price of $91.23, for a total transaction of $615,528.81.
  • 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 transaction of $1,001,894.40.
  • On Monday, February 12th, Jonathan Corr sold 1,132 shares of Ellie Mae stock. The shares were sold at an average price of $86.89, for a total transaction of $98,359.48.
  • 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.

Shares of ELLI stock opened at $92.82 on Friday. Ellie Mae has a 12-month low of $79.71 and a 12-month high of $114.95. The company has a market cap of $3,238.68, a PE ratio of 90.12, a P/E/G ratio of 8.03 and a beta of 0.53.

Ellie Mae (NYSE:ELLI) last released its quarterly earnings data on Thursday, February 8th. The software maker reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.01. The company had revenue of $112.89 million during the quarter, compared to the consensus estimate of $108.27 million. Ellie Mae had a net margin of 12.67% and a return on equity of 5.39%. Ellie Mae’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same period last year, the firm earned $0.46 EPS. research analysts expect that Ellie Mae will post 0.78 earnings per share for the current year.

A number of large investors have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings 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 valued at $174,000 after purchasing an additional 602 shares during the period. Rhumbline Advisers boosted its holdings in Ellie Mae by 1.5% in the 3rd quarter. Rhumbline Advisers now owns 41,615 shares of the software maker’s stock valued at $3,418,000 after purchasing an additional 607 shares during the period. Advisor Group Inc. boosted its holdings in Ellie Mae by 69.3% in the 3rd quarter. Advisor Group Inc. now owns 1,717 shares of the software maker’s stock valued at $140,000 after purchasing an additional 703 shares during the period. Natixis Asset Management boosted its holdings in Ellie Mae by 1.4% in the 4th quarter. Natixis Asset Management now owns 50,934 shares of the software maker’s stock valued at $4,555,000 after purchasing an additional 715 shares during the period. Finally, Raymond James & Associates boosted its holdings in Ellie Mae by 4.4% in the 4th quarter. Raymond James & Associates now owns 22,816 shares of the software maker’s stock valued at $2,040,000 after purchasing an additional 965 shares during the period.

A number of research firms have recently issued reports on ELLI. 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. 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. KeyCorp raised their price target on shares of Ellie Mae from $118.00 to $120.00 and gave the company an “overweight” rating in a research report on Monday, February 5th. Oppenheimer reaffirmed a “buy” rating and issued a $110.00 price target on shares of Ellie Mae in a research report on Thursday, February 1st. Finally, Morgan Stanley raised their price target on shares of 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 analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $104.91.

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About Ellie Mae

Ellie Mae, Inc provides cloud-based platform for the mortgage finance industry in the United States. The company provides Encompass, a proprietary software solution that combines lead management; loan origination and processing; underwriting; preparation of mortgage applications, disclosure agreements, and closing documents; loan funding and closing; compliance with regulatory and investor requirements; and enterprise management.

Insider Buying and Selling by Quarter for Ellie Mae (NYSE:ELLI)

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