Ellie Mae Inc (NASDAQ:ELLI) insider Sigmund Anderman sold 1,319 shares of Ellie Mae stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $109.90, for a total value of $144,958.10. Following the transaction, the insider now owns 98,321 shares of the company’s stock, valued at approximately $10,805,477.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Sigmund Anderman also recently made the following trade(s):
- On Tuesday, June 20th, Sigmund Anderman sold 12,253 shares of Ellie Mae stock. The shares were sold at an average price of $111.31, for a total value of $1,363,881.43.
Shares of Ellie Mae Inc (NASDAQ ELLI) traded down 1.26% on Friday, hitting $80.86. The stock had a trading volume of 607,721 shares. Ellie Mae Inc has a one year low of $77.60 and a one year high of $114.95. The stock has a market cap of $2.78 billion and a PE ratio of 53.62. The company’s 50 day moving average is $99.05 and its 200 day moving average is $101.97.
Ellie Mae (NASDAQ:ELLI) last issued its quarterly earnings data on Thursday, July 27th. The software maker reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.16. Ellie Mae had a net margin of 18.08% and a return on equity of 10.74%. The business had revenue of $104.10 million during the quarter, compared to analysts’ expectations of $110.69 million. During the same period last year, the company posted $0.64 EPS. The company’s revenue was up 15.5% on a year-over-year basis. Equities research analysts predict that Ellie Mae Inc will post $1.49 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Ellie Mae by 83,812.6% in the first quarter. BlackRock Inc. now owns 2,189,279 shares of the software maker’s stock worth $219,519,000 after buying an additional 2,186,670 shares during the period. FMR LLC raised its stake in shares of Ellie Mae by 295.0% in the first quarter. FMR LLC now owns 719,149 shares of the software maker’s stock worth $72,109,000 after buying an additional 537,095 shares during the period. Norges Bank purchased a new stake in shares of Ellie Mae during the fourth quarter worth about $39,642,000. Baillie Gifford & Co. raised its stake in shares of Ellie Mae by 185.7% in the first quarter. Baillie Gifford & Co. now owns 517,544 shares of the software maker’s stock worth $51,894,000 after buying an additional 336,420 shares during the period. Finally, Quantitative Investment Management LLC purchased a new stake in shares of Ellie Mae during the first quarter worth about $14,057,000.
Several equities analysts recently weighed in on the company. Zacks Investment Research upgraded Ellie Mae from a “hold” rating to a “buy” rating and set a $123.00 price target for the company in a research note on Monday, July 3rd. BidaskClub lowered Ellie Mae from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 1st. Needham & Company LLC restated a “buy” rating and issued a $100.00 price target on shares of Ellie Mae in a research note on Monday. ValuEngine lowered Ellie Mae from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, Royal Bank Of Canada cut their price target on Ellie Mae from $111.00 to $96.00 and set a “sector perform” rating for the company in a research note on Monday, April 24th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $116.54.
Ellie Mae Company Profile
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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