Ellie Mae Inc (NYSE:ELLI) insider Sigmund Anderman sold 3,151 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $90.35, for a total value of $284,692.85. Following the completion of the transaction, the insider now directly owns 59,262 shares of the company’s stock, valued at $5,354,321.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Sigmund Anderman also recently made the following trade(s):
- On Wednesday, January 3rd, Sigmund Anderman sold 18,726 shares of Ellie Mae stock. The stock was sold at an average price of $88.80, for a total value of $1,662,868.80.
Ellie Mae Inc (NYSE ELLI) opened at $92.47 on Wednesday. Ellie Mae Inc has a 52 week low of $79.71 and a 52 week high of $114.95. The company has a market capitalization of $3,107.53, a price-to-earnings ratio of 83.29, a P/E/G ratio of 7.72 and a beta of 0.57.
Ellie Mae (NYSE:ELLI) last posted its quarterly earnings data on Thursday, February 8th. The software maker reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.01. Ellie Mae had a return on equity of 5.43% and a net margin of 12.67%. The firm had revenue of $112.89 million during the quarter, compared to the consensus estimate of $108.27 million. During the same period in the prior year, the company earned $0.46 EPS. The firm’s revenue was up 17.3% compared to the same quarter last year. research analysts anticipate that Ellie Mae Inc will post 0.78 EPS for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisor Group Inc. raised its stake 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 purchasing an additional 118 shares during the last quarter. Ameritas Investment Partners Inc. raised its stake 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 purchasing an additional 141 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Ellie Mae by 45.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,941 shares of the software maker’s stock valued at $174,000 after purchasing an additional 602 shares during the last quarter. Rhumbline Advisers raised its stake in Ellie Mae by 1.5% in the 3rd quarter. Rhumbline Advisers now owns 41,615 shares of the software maker’s stock valued at $3,418,000 after purchasing an additional 607 shares during the last quarter. Finally, Natixis Asset Management raised its stake in Ellie Mae by 1.4% in the 4th quarter. Natixis Asset Management now owns 50,934 shares of the software maker’s stock valued at $4,555,000 after purchasing an additional 715 shares during the last quarter.
Several research analysts have recently weighed in on ELLI shares. Barclays upped their target price on Ellie Mae from $92.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Friday, October 27th. Needham & Company LLC reaffirmed a “buy” rating on shares of Ellie Mae in a research note on Sunday, October 29th. Zacks Investment Research raised Ellie Mae from a “hold” rating to a “strong-buy” rating and set a $100.00 target price for the company in a research note on Tuesday, October 31st. KeyCorp reaffirmed a “buy” rating and set a $116.00 target price on shares of Ellie Mae in a research note on Sunday, November 19th. Finally, Compass Point started coverage on Ellie Mae in a research note on Wednesday, January 3rd. They set a “sell” rating and a $65.00 target price for the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $106.11.
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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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