Ellie Mae, Inc. (NYSE:ELLI) CEO Jonathan Corr sold 1,623 shares of the stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $88.72, for a total transaction of $143,992.56. Following the transaction, the chief executive officer now directly owns 114,633 shares in the company, valued at $10,170,239.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Jonathan Corr also recently made the following trade(s):

  • On Monday, December 11th, Jonathan Corr sold 2,212 shares of Ellie Mae stock. The stock was sold at an average price of $88.95, for a total transaction of $196,757.40.
  • On Tuesday, November 7th, Jonathan Corr sold 2,211 shares of Ellie Mae stock. The shares were sold at an average price of $87.52, for a total value of $193,506.72.
  • On Monday, October 9th, Jonathan Corr sold 2,211 shares of Ellie Mae stock. The shares were sold at an average price of $83.76, for a total value of $185,193.36.

Ellie Mae, Inc. (NYSE:ELLI) traded up $1.05 during mid-day trading on Thursday, reaching $92.20. The company had a trading volume of 271,400 shares, compared to its average volume of 431,332. Ellie Mae, Inc. has a fifty-two week low of $79.71 and a fifty-two week high of $114.95. The firm has a market capitalization of $3,147.98, a P/E ratio of 72.34, a PEG ratio of 7.66 and a beta of 0.28.

Ellie Mae (NYSE:ELLI) last released its earnings results on Thursday, October 26th. The software maker reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.13. Ellie Mae had a return on equity of 6.39% and a net margin of 13.45%. The business had revenue of $107.00 million for the quarter, compared to the consensus estimate of $105.62 million. During the same period last year, the business earned $0.60 earnings per share. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. equities analysts predict that Ellie Mae, Inc. will post 0.9 EPS for the current fiscal year.

ELLI has been the topic of several research analyst reports. Oppenheimer reaffirmed a “buy” rating and issued a $101.00 price target on shares of Ellie Mae in a research report on Wednesday, September 13th. ValuEngine raised Ellie Mae from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research raised Ellie Mae from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 27th. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Ellie Mae in a research report on Friday, September 1st. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 price target on shares of Ellie Mae in a research report on Sunday, September 3rd. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $110.71.

A number of hedge funds have recently added to or reduced their stakes in ELLI. Meritage Group LP acquired a new stake in Ellie Mae during the third quarter worth about $38,834,000. Baillie Gifford & Co. lifted its stake in Ellie Mae by 51.5% during the third quarter. Baillie Gifford & Co. now owns 818,296 shares of the software maker’s stock worth $67,207,000 after purchasing an additional 278,321 shares during the period. Ameriprise Financial Inc. lifted its stake in Ellie Mae by 378.7% during the third quarter. Ameriprise Financial Inc. now owns 191,316 shares of the software maker’s stock worth $15,712,000 after purchasing an additional 151,347 shares during the period. Point72 Asset Management L.P. bought a new position in Ellie Mae during the third quarter worth about $11,753,000. Finally, Tekne Capital Management LLC lifted its stake in Ellie Mae by 35.8% during the third quarter. Tekne Capital Management LLC now owns 429,539 shares of the software maker’s stock worth $35,278,000 after purchasing an additional 113,237 shares during the period.

COPYRIGHT VIOLATION WARNING: “Insider Selling: Ellie Mae, Inc. (ELLI) CEO Sells $143,992.56 in Stock” was reported by Daily Political and is the property of of Daily Political. If you are reading this news story on another domain, it was illegally copied and republished in violation of United States and international trademark & copyright law. The correct version of this news story can be read at https://www.dailypolitical.com/2017/12/14/insider-selling-ellie-mae-inc-elli-ceo-sells-143992-56-in-stock.html.

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.

Insider Buying and Selling by Quarter for Ellie Mae (NYSE:ELLI)

Receive News & Ratings for Ellie Mae Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ellie Mae and related companies with MarketBeat.com's FREE daily email newsletter.