Insider Selling: Ellie Mae Inc (ELLI) Director Sells $105,999.18 in Stock

Insider Selling: Ellie Mae Inc (ELLI) Director Sells $105,999.18 in Stock

Shares of Ellie Mae Inc (NASDAQ ELLI) traded down 0.425% on Wednesday, reaching $108.885. 55,099 shares of the company traded hands. The stock has a market capitalization of $3.71 billion and a price-to-earnings ratio of 82.364. The company has a 50-day moving average of $107.11 and a 200-day moving average of $94.17. Ellie Mae Inc has a 1-year low of $77.60 and a 1-year high of $112.77.

Ellie Mae Inc (NASDAQ:ELLI) Director Robert J. Levin sold 966 shares of Ellie Mae stock in a transaction on Friday, May 26th. The shares were sold at an average price of $109.73, for a total value of $105,999.18. Following the sale, the director now directly owns 11,252 shares of the company’s stock, valued at approximately $1,234,681.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Ellie Mae (NASDAQ:ELLI) last posted its quarterly earnings results on Thursday, April 27th. The software maker reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by $0.03. The company had revenue of $93 million for the quarter, compared to analysts’ expectations of $93.17 million. The company’s revenue was up 26.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.24 EPS. Analysts anticipate that Ellie Mae Inc will post $1.91 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of ELLI. Jane Street Group LLC acquired a new stake in shares of Ellie Mae during the first quarter valued at $214,000. Banco BTG Pactual S.A. bought a new position in shares of Ellie Mae during the first quarter valued at about $221,000. United Capital Financial Advisers LLC bought a new position in shares of Ellie Mae during the first quarter valued at about $231,000. First Allied Advisory Services Inc. bought a new position in shares of Ellie Mae during the fourth quarter valued at about $245,000. Finally, Pacer Advisors Inc. bought a new position in shares of Ellie Mae during the third quarter valued at about $291,000.

Several analysts have weighed in on ELLI shares. Vetr cut Ellie Mae from a “strong-buy” rating to a “buy” rating and set a $97.50 price objective on the stock. in a research report on Monday, February 6th. Needham & Company LLC reissued a “buy” rating and issued a $135.00 price target on shares of Ellie Mae in a research report on Friday, February 10th. Zacks Investment Research cut Ellie Mae from a “hold” rating to a “sell” rating in a research report on Thursday, February 16th. Wedbush began coverage on Ellie Mae in a research report on Monday, March 13th. They issued a “neutral” rating and a $109.00 price target on the stock. Finally, Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $125.00 price target (up from $120.00) on shares of Ellie Mae in a research report on Thursday, March 23rd. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $106.89.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:ELLI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Related posts

Leave a Comment