Ellie Mae Inc (NYSE:ELLI) VP Popi Heron Sells 100 Shares

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Ellie Mae Inc (NYSE:ELLI) VP Popi Heron sold 100 shares of the stock in a transaction on Friday, September 14th. The shares were sold at an average price of $100.50, for a total value of $10,050.00. Following the sale, the vice president now owns 6,859 shares of the company’s stock, valued at approximately $689,329.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

ELLI traded up $2.39 during midday trading on Friday, hitting $85.74. 1,099,459 shares of the company were exchanged, compared to its average volume of 495,404. The company has a market capitalization 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 announced its quarterly earnings results on Thursday, July 26th. The software maker reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.13. The company had revenue of $125.00 million for the quarter, compared to the consensus estimate of $123.79 million. Ellie Mae had a return on equity of 4.50% and a net margin of 7.81%. The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same period last year, the firm earned $0.51 EPS. As a group, analysts predict that Ellie Mae Inc will post 0.97 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of the company. BlackRock Inc. grew its position in shares of Ellie Mae by 7.2% during the 2nd quarter. BlackRock Inc. now owns 2,426,968 shares of the software maker’s stock valued at $252,014,000 after acquiring an additional 163,737 shares during the period. FMR LLC grew its position in shares of Ellie Mae by 14.9% during the 2nd quarter. FMR LLC now owns 1,559,695 shares of the software maker’s stock valued at $161,959,000 after acquiring an additional 202,708 shares during the period. Sylebra HK Co Ltd grew its position in shares of Ellie Mae by 12.2% during the 2nd quarter. Sylebra HK Co Ltd now owns 1,256,481 shares of the software maker’s stock valued at $130,473,000 after acquiring an additional 136,427 shares during the period. Meritage Group LP grew its position in shares of Ellie Mae by 27.4% during the 2nd quarter. Meritage Group LP now owns 1,116,510 shares of the software maker’s stock valued at $115,938,000 after acquiring an additional 240,016 shares during the period. Finally, Baillie Gifford & Co. grew its position in shares of Ellie Mae by 6.4% during the 2nd quarter. Baillie Gifford & Co. now owns 1,029,367 shares of the software maker’s stock valued at $106,889,000 after acquiring an additional 61,830 shares during the period.

Several analysts have recently commented on the company. Roth Capital upgraded Ellie Mae from a “neutral” rating to a “buy” rating and set a $100.00 price objective for the company in a report on Wednesday. Royal Bank of Canada decreased their price objective on Ellie Mae to $109.00 and set an “outperform” rating for the company in a report on Friday, October 5th. They noted that the move was a valuation call. TheStreet downgraded Ellie Mae from a “b-” rating to a “c+” rating in a research report on Wednesday, September 26th. Morgan Stanley upped their target price on Ellie Mae from $109.00 to $118.00 and gave the company an “equal weight” rating in a research report on Friday, July 27th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $135.00 target price on shares of Ellie Mae in a research report on Friday, July 27th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $107.71.

Ellie Mae Company Profile

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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