Ellie Mae Inc (ELLI) Sets New 1-Year High at $98.79
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.
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