Ellie Mae Inc (NASDAQ:ELLI)’s share price was down 1.7% during trading on Tuesday . The company traded as low as $94.63 and last traded at $95.96, with a volume of 511,539 shares. The stock had previously closed at $97.63.

A number of equities analysts recently commented on ELLI shares. Zacks Investment Research raised shares of Ellie Mae from a “hold” rating to a “buy” rating and set a $105.00 price target on the stock in a research report on Wednesday, July 6th. Barclays PLC lowered shares of Ellie Mae from an “overweight” rating to an “equal weight” rating and set a $97.00 price target on the stock. in a research report on Tuesday, July 5th. Finally, Oppenheimer Holdings Inc. reaffirmed a “buy” rating and set a $100.00 price target on shares of Ellie Mae in a research report on Wednesday, June 15th.

The company’s 50-day moving average is $86.94 and its 200-day moving average is $80.16. The stock has a market cap of $2.88 billion and a PE ratio of 141.35.

In other news, 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 completion of the sale, the chief executive officer now owns 114,843 shares in the company, valued at approximately $10,465,642.59. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Edgar Luce sold 5,000 shares of the company’s stock in a transaction on Friday, July 1st. The stock was sold at an average price of $92.27, for a total transaction of $461,350.00. Following the completion of the sale, the chief financial officer now owns 71,596 shares of the company’s stock, valued at approximately $6,606,162.92. 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.