Ellie Mae Inc (NYSE:ELLI) EVP Gates Cathleen Schreiner sold 2,881 shares of Ellie Mae stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $92.08, for a total value of $265,282.48. Following the completion of the transaction, the executive vice president now directly owns 44,730 shares in the company, valued at $4,118,738.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Gates Cathleen Schreiner also recently made the following trade(s):
- On Wednesday, December 6th, Gates Cathleen Schreiner sold 1,900 shares of Ellie Mae stock. The stock was sold at an average price of $86.01, for a total value of $163,419.00.
Shares of Ellie Mae Inc (NYSE ELLI) traded up $0.33 during mid-day trading on Friday, reaching $95.43. The company had a trading volume of 9,672 shares, compared to its average volume of 366,688. The firm has a market cap of $3,300.00, a price-to-earnings ratio of 63.20, a price-to-earnings-growth ratio of 11.60 and a beta of 0.29. Ellie Mae Inc has a twelve month low of $79.71 and a twelve month high of $114.95.
Ellie Mae (NYSE:ELLI) last announced its quarterly earnings results on Thursday, October 26th. The software maker reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.13. The business had revenue of $107.00 million for the quarter, compared to analyst estimates of $105.62 million. Ellie Mae had a return on equity of 6.39% and a net margin of 13.45%. Ellie Mae’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.60 EPS. sell-side analysts anticipate that Ellie Mae Inc will post 0.9 EPS for the current fiscal year.
Several brokerages have recently weighed in on ELLI. Compass Point began coverage on Ellie Mae in a report on Wednesday, January 3rd. They set a “sell” rating and a $65.00 price objective on the stock. Zacks Investment Research lowered Ellie Mae from a “buy” rating to a “hold” rating in a report on Monday, January 1st. Royal Bank of Canada reissued a “hold” rating and set a $90.00 price objective on shares of Ellie Mae in a report on Tuesday, October 10th. Barclays raised Ellie Mae from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $100.00 to $114.00 in a report on Tuesday. Finally, KeyCorp reissued a “buy” rating and set a $116.00 price objective on shares of Ellie Mae in a report on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. Ellie Mae has an average rating of “Buy” and a consensus price target of $108.50.
Hedge funds have recently made changes to their positions in the stock. DF Dent & Co. Inc. boosted its stake in Ellie Mae by 10.7% in the third quarter. DF Dent & Co. Inc. now owns 50,017 shares of the software maker’s stock worth $4,108,000 after purchasing an additional 4,850 shares in the last quarter. California Public Employees Retirement System boosted its stake in Ellie Mae by 2.8% in the third quarter. California Public Employees Retirement System now owns 138,482 shares of the software maker’s stock worth $11,374,000 after purchasing an additional 3,782 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in Ellie Mae in the third quarter worth $11,753,000. Crestline Management LP acquired a new position in Ellie Mae in the third quarter worth $2,507,000. Finally, Whetstone Capital Advisors LLC acquired a new position in Ellie Mae in the third quarter worth $8,680,000.
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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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