Jonathan Corr Sells 589 Shares of Ellie Mae (ELLI) Stock

Ellie Mae (NYSE:ELLI) CEO Jonathan Corr sold 589 shares of the stock in a transaction that occurred on Friday, May 11th. The shares were sold at an average price of $105.91, for a total value of $62,380.99. Following the sale, the chief executive officer now owns 109,572 shares of the company’s stock, valued at approximately $11,604,770.52. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

  • On Wednesday, April 11th, Jonathan Corr sold 589 shares of Ellie Mae stock. The shares were sold at an average price of $94.34, for a total value of $55,566.26.
  • 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 Monday, March 12th, Jonathan Corr sold 589 shares of Ellie Mae stock. The shares were sold at an average price of $93.93, for a total value of $55,324.77.
  • 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 value 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 value of $1,001,894.40.

Shares of Ellie Mae opened at $102.71 on Wednesday, according to MarketBeat Ratings. Ellie Mae has a 1 year low of $102.02 and a 1 year high of $102.91. The company has a market capitalization of $3.54 billion, a PE ratio of 87.35, a P/E/G ratio of 6.67 and a beta of 0.51.

Ellie Mae (NYSE:ELLI) last issued its earnings results on Thursday, April 26th. The software maker reported $0.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.25. Ellie Mae had a return on equity of 5.73% and a net margin of 10.28%. The business had revenue of $117.91 million during the quarter, compared to analysts’ expectations of $108.80 million. During the same period in the prior year, the firm posted $0.25 EPS. Ellie Mae’s quarterly revenue was up 26.8% compared to the same quarter last year. research analysts predict that Ellie Mae will post 0.86 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the company. Calamos Advisors LLC acquired a new position in shares of Ellie Mae in the 4th quarter worth approximately $17,989,000. HMI Capital LLC acquired a new position in shares of Ellie Mae in the 4th quarter worth approximately $21,009,000. Schwab Charles Investment Management Inc. raised its holdings in shares of Ellie Mae by 6.0% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 161,018 shares of the software maker’s stock worth $14,396,000 after buying an additional 9,172 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in shares of Ellie Mae by 317.1% in the 4th quarter. Teacher Retirement System of Texas now owns 11,676 shares of the software maker’s stock worth $1,044,000 after buying an additional 8,877 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of Ellie Mae in the 4th quarter worth approximately $473,000.

Several equities analysts have commented on ELLI shares. KeyCorp reaffirmed a “buy” rating and issued a $120.00 price target on shares of Ellie Mae in a report on Wednesday, March 21st. Zacks Investment Research raised Ellie Mae from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a report on Friday, February 9th. Bank of America cut their price target on Ellie Mae from $115.00 to $110.00 and set a “buy” rating for the company in a report on Friday, February 9th. Oppenheimer reaffirmed a “buy” rating and issued a $110.00 price target on shares of Ellie Mae in a report on Thursday, February 1st. Finally, Morgan Stanley upped their price target on Ellie Mae from $101.00 to $109.00 and gave the company an “equal weight” rating in a report on Tuesday, January 30th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Ellie Mae currently has an average rating of “Hold” and a consensus target price of $100.27.

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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