Jonathan Corr Sells 1,131 Shares of Ellie Mae Inc (ELLI) Stock
Ellie Mae Inc (NYSE:ELLI) CEO Jonathan Corr sold 1,131 shares of the business’s stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $93.50, for a total value of $105,748.50. Following the sale, the chief executive officer now owns 114,922 shares of the company’s stock, valued at approximately $10,745,207. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Jonathan Corr also recently made the following trade(s):
- On Thursday, December 7th, Jonathan Corr sold 1,623 shares of Ellie Mae stock. The stock was sold at an average price of $88.72, for a total value of $143,992.56.
- 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 value of $196,757.40.
- On Tuesday, November 7th, Jonathan Corr sold 2,211 shares of Ellie Mae stock. The stock was sold at an average price of $87.52, for a total value of $193,506.72.
Ellie Mae Inc (NYSE ELLI) opened at $96.38 on Monday. Ellie Mae Inc has a 52 week low of $79.71 and a 52 week high of $114.95. The stock has a market capitalization of $3,328.60, a PE ratio of 63.83, a price-to-earnings-growth ratio of 12.57 and a beta of 0.29.
Ellie Mae (NYSE:ELLI) last posted its earnings results on Thursday, October 26th. The software maker reported $0.53 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $107.00 million during the quarter, compared to analysts’ expectations of $105.62 million. During the same period in the previous year, the firm earned $0.60 earnings per share. The company’s revenue was up 6.6% on a year-over-year basis. equities research analysts anticipate that Ellie Mae Inc will post 0.9 EPS for the current fiscal year.
A number of brokerages recently commented on ELLI. Barclays lifted their price objective on Ellie Mae from $92.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Friday, October 27th. Zacks Investment Research raised Ellie Mae from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Royal Bank of Canada reaffirmed a “hold” rating and set a $90.00 price objective on shares of Ellie Mae in a research note on Tuesday, October 10th. Needham & Company LLC reaffirmed a “buy” rating on shares of Ellie Mae in a research note on Sunday, October 29th. Finally, KeyCorp reaffirmed a “buy” rating and set a $116.00 price objective on shares of Ellie Mae in a research note on Sunday, November 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. Ellie Mae has a consensus rating of “Buy” and a consensus price target of $108.50.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Nationwide Fund Advisors raised its holdings in Ellie Mae by 26.8% during the third quarter. Nationwide Fund Advisors now owns 242,728 shares of the software maker’s stock worth $19,935,000 after acquiring an additional 51,253 shares in the last quarter. Meritage Group LP bought a new position in shares of Ellie Mae during the third quarter worth approximately $38,834,000. Merriman Wealth Management LLC increased its stake in shares of Ellie Mae by 14.2% during the third quarter. Merriman Wealth Management LLC now owns 80,586 shares of the software maker’s stock worth $6,619,000 after purchasing an additional 10,000 shares during the period. Ameriprise Financial Inc. increased its stake in shares of 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. Finally, Trexquant Investment LP increased its stake in shares of Ellie Mae by 193.6% during the third quarter. Trexquant Investment LP now owns 7,017 shares of the software maker’s stock worth $576,000 after purchasing an additional 4,627 shares during the period.
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.
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