Ellie Mae Inc (ELLI) Shares Down 1.7%
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.
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