Ellie Mae Inc (NYSE:ELLI) CFO Matthew Lavay sold 629 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $90.13, for a total transaction of $56,691.77. Following the completion of the transaction, the chief financial officer now directly owns 11,056 shares of the company’s stock, valued at $996,477.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Ellie Mae Inc (NYSE ELLI) opened at $92.47 on Wednesday. The company has a market cap of $3,107.53, a price-to-earnings ratio of 83.29, a P/E/G ratio of 7.72 and a beta of 0.57. Ellie Mae Inc has a 52-week low of $79.71 and a 52-week high of $114.95.
Ellie Mae (NYSE:ELLI) last issued its earnings results on Thursday, February 8th. The software maker reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The company had revenue of $112.89 million for the quarter, compared to analysts’ expectations of $108.27 million. Ellie Mae had a net margin of 12.67% and a return on equity of 5.43%. The firm’s revenue was up 17.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.46 EPS. analysts expect that Ellie Mae Inc will post 0.78 earnings per share for the current year.
A number of analysts have recently issued reports on ELLI shares. Morgan Stanley lifted their price objective on shares of Ellie Mae from $101.00 to $109.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 30th. Oppenheimer reaffirmed a “buy” rating and set a $110.00 price objective on shares of Ellie Mae in a report on Thursday, February 1st. Zacks Investment Research raised shares of Ellie Mae from a “hold” rating to a “buy” rating and set a $103.00 price objective for the company in a report on Wednesday, December 27th. Barclays lifted their price objective on shares of Ellie Mae from $92.00 to $100.00 and gave the stock an “equal weight” rating in a report on Friday, October 27th. Finally, KeyCorp lifted their price objective on shares of Ellie Mae from $118.00 to $120.00 and gave the stock an “overweight” rating in a report on Monday, February 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company. Ellie Mae presently has a consensus rating of “Buy” and an average price target of $106.11.
A number of large investors have recently modified their holdings of the stock. Advisor Group Inc. raised its position in Ellie Mae by 13.2% in the 2nd quarter. Advisor Group Inc. now owns 1,014 shares of the software maker’s stock worth $112,000 after purchasing an additional 118 shares during the period. Ameritas Investment Partners Inc. raised its position in Ellie Mae by 5.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,972 shares of the software maker’s stock worth $327,000 after purchasing an additional 141 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Ellie Mae by 45.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,941 shares of the software maker’s stock worth $174,000 after purchasing an additional 602 shares during the period. Rhumbline Advisers raised its position in Ellie Mae by 1.5% in the 3rd quarter. Rhumbline Advisers now owns 41,615 shares of the software maker’s stock worth $3,418,000 after purchasing an additional 607 shares during the period. Finally, Natixis Asset Management raised its position in Ellie Mae by 1.4% in the 4th quarter. Natixis Asset Management now owns 50,934 shares of the software maker’s stock worth $4,555,000 after purchasing an additional 715 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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