Ellie Mae Inc (ELLI) EVP Sells $1,242,280.00 in Stock

Ellie Mae Inc (NYSE:ELLI) EVP Gates Cathleen Schreiner sold 13,000 shares of Ellie Mae stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $95.56, for a total value of $1,242,280.00. Following the completion of the transaction, the executive vice president now directly owns 56,313 shares of the company’s stock, valued at $5,381,270.28. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Gates Cathleen Schreiner also recently made the following trade(s):

  • On Tuesday, December 26th, Gates Cathleen Schreiner sold 2,881 shares of Ellie Mae stock. The stock was sold at an average price of $92.08, for a total value of $265,282.48.
  • 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 $1.28 during trading on Friday, reaching $96.38. The company had a trading volume of 194,295 shares, compared to its average volume of 359,446. Ellie Mae Inc has a twelve month low of $79.71 and a twelve month high of $114.95. The company has a market cap of $3,284.40, a price-to-earnings ratio of 63.83, a price-to-earnings-growth ratio of 12.40 and a beta of 0.29.

Ellie Mae (NYSE:ELLI) last issued its earnings results on Thursday, October 26th. The software maker reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.13. Ellie Mae had a return on equity of 6.39% and a net margin of 13.45%. The business had revenue of $107.00 million during the quarter, compared to analyst estimates of $105.62 million. During the same period in the previous year, the company posted $0.60 EPS. The firm’s revenue was up 6.6% compared to the same quarter last year. research analysts forecast that Ellie Mae Inc will post 0.9 EPS for the current year.

A number of institutional investors have recently modified their holdings of the stock. 1st Global Advisors Inc. increased its position in Ellie Mae by 0.7% in the 2nd quarter. 1st Global Advisors Inc. now owns 4,554 shares of the software maker’s stock valued at $501,000 after buying an additional 30 shares in the last quarter. Prudential Financial Inc. increased its position in Ellie Mae by 3.2% in the 2nd quarter. Prudential Financial Inc. now owns 3,590 shares of the software maker’s stock valued at $395,000 after buying an additional 110 shares in the last quarter. Advisor Group Inc. increased its position in Ellie Mae by 13.2% in the 2nd quarter. Advisor Group Inc. now owns 1,014 shares of the software maker’s stock valued at $112,000 after buying an additional 118 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Ellie Mae by 9.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,339 shares of the software maker’s stock valued at $147,000 after buying an additional 119 shares in the last quarter. Finally, Ameritas Investment Partners Inc. increased its position in Ellie Mae by 5.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,972 shares of the software maker’s stock valued at $327,000 after buying an additional 141 shares in the last quarter.

Several research firms have recently weighed in on ELLI. 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 research report on Tuesday. Zacks Investment Research raised Ellie Mae from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Royal Bank of Canada reissued a “hold” rating and issued a $90.00 price objective on shares of Ellie Mae in a research report on Tuesday, October 10th. Needham & Company LLC reissued a “buy” rating on shares of Ellie Mae in a research report on Sunday, October 29th. Finally, KeyCorp reissued a “buy” rating and issued a $116.00 price objective on shares of Ellie Mae in a research report on Sunday, November 19th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $108.50.

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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.

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

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