Ellie Mae Inc (NASDAQ:ELLI) insider Sigmund Anderman sold 12,253 shares of the company’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $111.31, for a total value of $1,363,881.43. Following the sale, the insider now directly owns 105,167 shares in the company, valued at $11,706,138.77. The sale was disclosed in a filing with the SEC, which is available through this link.
Shares of Ellie Mae Inc (NASDAQ:ELLI) opened at 111.83 on Friday. The stock has a market cap of $3.81 billion and a price-to-earnings ratio of 84.59. The company’s 50-day moving average price is $109.07 and its 200 day moving average price is $97.11. Ellie Mae Inc has a 12-month low of $77.60 and a 12-month high of $114.38.
Ellie Mae (NASDAQ:ELLI) last released its quarterly earnings data on Thursday, April 27th. The software maker reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.03. The company had revenue of $93 million for the quarter, compared to analyst estimates of $93.17 million. Ellie Mae had a return on equity of 5.72% and a net margin of 10.32%. The business’s quarterly revenue was up 26.3% on a year-over-year basis. During the same period last year, the firm posted $0.24 EPS. On average, equities analysts predict that Ellie Mae Inc will post $1.91 earnings per share for the current year.
A number of institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC bought a new position in Ellie Mae during the first quarter worth $214,000. Banco BTG Pactual S.A. acquired a new stake in Ellie Mae during the first quarter worth approximately $221,000. United Capital Financial Advisers LLC acquired a new stake in Ellie Mae during the first quarter worth approximately $231,000. First Allied Advisory Services Inc. acquired a new stake in Ellie Mae during the fourth quarter worth approximately $245,000. Finally, Creative Planning increased its stake in Ellie Mae by 31.0% in the first quarter. Creative Planning now owns 2,989 shares of the software maker’s stock worth $300,000 after buying an additional 707 shares in the last quarter.
Several analysts have recently issued reports on the company. William Blair raised Ellie Mae from a “market perform” rating to an “outperform” rating in a report on Monday, April 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $135.00 price objective on shares of Ellie Mae in a report on Saturday, March 11th. Bank of America Corporation assumed coverage on Ellie Mae in a report on Monday, May 15th. They set a “buy” rating and a $130.00 price objective on the stock. Royal Bank Of Canada decreased their price objective on Ellie Mae from $111.00 to $96.00 and set a “sector perform” rating on the stock in a report on Monday, April 24th. Finally, CIBC upped their price objective on Ellie Mae from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, March 24th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Ellie Mae presently has a consensus rating of “Buy” and a consensus price target of $115.04.
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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