Insider Selling: Ellie Mae Inc (NYSE:ELLI) Director Sells 200 Shares of Stock

Ellie Mae Inc (NYSE:ELLI) Director Sigmund Anderman sold 200 shares of Ellie Mae stock in a transaction on Monday, September 17th. The shares were sold at an average price of $100.19, for a total value of $20,038.00. Following the completion of the sale, the director now directly owns 42,901 shares of the company’s stock, valued at $4,298,251.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Sigmund Anderman also recently made the following trade(s):

  • On Wednesday, August 15th, Sigmund Anderman sold 15,000 shares of Ellie Mae stock. The shares were sold at an average price of $101.97, for a total value of $1,529,550.00.
  • On Monday, July 16th, Sigmund Anderman sold 15,000 shares of Ellie Mae stock. The shares were sold at an average price of $103.09, for a total value of $1,546,350.00.

Shares of NYSE:ELLI traded up $2.39 on Friday, hitting $85.74. 1,099,459 shares of the company’s stock were exchanged, compared to its average volume of 495,404. The stock has a market cap of $3.28 billion, a P/E ratio of 83.24, a P/E/G ratio of 5.27 and a beta of 0.77. Ellie Mae Inc has a 1-year low of $82.03 and a 1-year high of $116.90.

Ellie Mae (NYSE:ELLI) last released its quarterly earnings data on Thursday, July 26th. The software maker reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.13. The business had revenue of $125.00 million during the quarter, compared to analysts’ expectations of $123.79 million. Ellie Mae had a return on equity of 4.50% and a net margin of 7.81%. The business’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.51 EPS. As a group, research analysts forecast that Ellie Mae Inc will post 0.97 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the company. We Are One Seven LLC boosted its position in shares of Ellie Mae by 238.3% during the 1st quarter. We Are One Seven LLC now owns 1,316 shares of the software maker’s stock worth $121,000 after acquiring an additional 927 shares in the last quarter. M&T Bank Corp acquired a new position in shares of Ellie Mae during the 1st quarter worth about $206,000. ETRADE Capital Management LLC acquired a new position in shares of Ellie Mae during the 1st quarter worth about $215,000. SG Americas Securities LLC acquired a new position in shares of Ellie Mae during the 1st quarter worth about $231,000. Finally, Asset Management One Co. Ltd. boosted its position in shares of Ellie Mae by 36.4% during the 1st quarter. Asset Management One Co. Ltd. now owns 2,581 shares of the software maker’s stock worth $237,000 after acquiring an additional 689 shares in the last quarter.

A number of brokerages have recently weighed in on ELLI. Needham & Company LLC reaffirmed a “buy” rating and issued a $135.00 price objective on shares of Ellie Mae in a research note on Friday, July 27th. Roth Capital boosted their target price on Ellie Mae from $85.00 to $100.00 and gave the stock a “neutral” rating in a research note on Friday, July 27th. TheStreet cut Ellie Mae from a “b-” rating to a “c+” rating in a research note on Wednesday, September 26th. KeyCorp boosted their target price on Ellie Mae from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Friday, July 27th. Finally, ValuEngine raised Ellie Mae from a “hold” rating to a “buy” rating in a research note on Friday, July 6th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $107.71.

About Ellie Mae

Ellie Mae, Inc provides cloud-based platform for the mortgage finance industry in the United States. The company provides Encompass, a proprietary software solution that combines lead management; loan origination and processing; underwriting; preparation of mortgage applications, disclosure agreements, and closing documents; loan funding and closing; compliance with regulatory and investor requirements; and enterprise management.

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