Ellie Mae Inc (NASDAQ:ELLI) hit a new 52-week high on Monday . The stock traded as high as $98.79 and last traded at $97.47, with a volume of 663,689 shares. The stock had previously closed at $94.57.

Several equities research analysts recently weighed in on the company. Zacks Investment Research raised Ellie Mae from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a report on Wednesday, July 6th. Barclays PLC lowered Ellie Mae from an “overweight” rating to an “equal weight” rating and set a $97.00 price objective for the company. in a report on Tuesday, July 5th. Finally, Oppenheimer Holdings Inc. reissued a “buy” rating and issued a $100.00 price objective on shares of Ellie Mae in a report on Wednesday, June 15th.

The company has a market capitalization of $2.93 billion and a price-to-earnings ratio of 143.7007. The company has a 50-day moving average of $86.45 and a 200 day moving average of $79.65.

In other news, Director Karen Blasing sold 1,208 shares of the company’s stock in a transaction on Monday, June 20th. The stock was sold at an average price of $86.06, for a total transaction of $103,960.48. Following the transaction, the director now directly owns 5,276 shares of the company’s stock, valued at $454,052.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jonathan Corr sold 3,500 shares of the company’s stock in a transaction on Wednesday, July 6th. The shares were sold at an average price of $91.13, for a total value of $318,955.00. Following the transaction, the chief executive officer now directly owns 114,843 shares in the company, valued at $10,465,642.59. The disclosure for this sale can be found here.

Ellie Mae, Inc (Ellie Mae) is a provider of on-demand software solutions and services for the residential mortgage industry in the United States. The Company’s Encompass all-in-one mortgage management solution provides one system of record that allows banks, credit unions, and mortgage lenders to originate and fund mortgages and improve compliance, loan quality, and efficiency.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.