Ellie Mae Inc (NYSE:ELLI) CEO Jonathan Corr sold 589 shares of the firm’s stock in a transaction on Monday, March 12th. The stock was sold at an average price of $93.93, for a total value of $55,324.77. Following the transaction, the chief executive officer now owns 114,147 shares in the company, valued at $10,721,827.71. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Jonathan Corr also recently made the following trade(s):
- On Wednesday, March 7th, Jonathan Corr sold 3,113 shares of Ellie Mae stock. The stock was 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 stock was 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 stock was 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 stock was 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 shares were sold at an average price of $93.50, for a total value of $105,748.50.
Shares of ELLI stock traded up $0.65 during mid-day trading on Wednesday, reaching $94.77. The company had a trading volume of 861,558 shares, compared to its average volume of 410,002. Ellie Mae Inc has a 1 year low of $79.71 and a 1 year high of $114.95. The stock has a market cap of $3,236.62, a P/E ratio of 64.03, a price-to-earnings-growth ratio of 8.03 and a beta of 0.63.
Ellie Mae (NYSE:ELLI) last announced its earnings results on Thursday, February 8th. The software maker reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.01. Ellie Mae had a return on equity of 5.39% and a net margin of 12.67%. The firm had revenue of $112.89 million for the quarter, compared to the consensus estimate of $108.27 million. During the same period in the previous year, the business earned $0.46 EPS. The firm’s revenue for the quarter was up 17.3% on a year-over-year basis. research analysts predict that Ellie Mae Inc will post 0.78 EPS for the current fiscal year.
Hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. acquired a new stake in Ellie Mae during the 3rd quarter worth about $139,000. Advisor Group Inc. lifted its position in Ellie Mae by 69.3% during the 3rd quarter. Advisor Group Inc. now owns 1,717 shares of the software maker’s stock worth $140,000 after acquiring an additional 703 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position 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 worth $174,000 after acquiring an additional 602 shares during the period. Barings LLC acquired a new stake in Ellie Mae during the 4th quarter worth about $201,000. Finally, Atria Investments LLC acquired a new stake in Ellie Mae during the 4th quarter worth about $261,000.
ELLI has been the topic of a number of analyst reports. Barclays upgraded Ellie Mae from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $100.00 to $114.00 in a report on Tuesday, January 9th. 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 report on Wednesday, December 27th. KeyCorp lifted their price target on Ellie Mae from $118.00 to $120.00 and gave the company an “overweight” rating in a report on Monday, February 5th. Royal Bank of Canada reiterated an “outperform” rating and issued a $106.00 price target on shares of Ellie Mae in a report on Wednesday, February 14th. Finally, Morgan Stanley lifted 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. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $106.58.
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.
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