Ellie Mae Inc (NYSE:ELLI) CFO Matthew Lavay sold 163 shares of the firm’s stock in a transaction on Monday, March 19th. The shares were sold at an average price of $96.30, for a total value of $15,696.90. Following the completion of the sale, the chief financial officer now owns 19,640 shares in the company, valued at $1,891,332. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Matthew Lavay also recently made the following trade(s):
- On Friday, February 16th, Matthew Lavay sold 629 shares of Ellie Mae stock. The shares were sold at an average price of $90.13, for a total value of $56,691.77.
Ellie Mae stock traded down $2.12 during trading hours on Thursday, reaching $92.65. The company had a trading volume of 717,329 shares, compared to its average volume of 415,490. The firm has a market capitalization of $3,227.36, a price-to-earnings ratio of 62.85, a P/E/G ratio of 8.00 and a beta of 0.63. Ellie Mae Inc has a 1 year low of $79.71 and a 1 year high of $114.95.
Ellie Mae (NYSE:ELLI) last released its earnings results on Thursday, February 8th. The software maker reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The firm had revenue of $112.89 million for the quarter, compared to analyst estimates of $108.27 million. Ellie Mae had a return on equity of 5.39% and a net margin of 12.67%. Ellie Mae’s revenue was up 17.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.46 earnings per share. research analysts anticipate that Ellie Mae Inc will post 0.78 EPS for the current year.
ELLI has been the topic of a number of research analyst reports. Zacks Investment Research raised Ellie Mae from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a report on Wednesday, December 27th. Compass Point initiated coverage on Ellie Mae in a report on Wednesday, January 3rd. They set a “sell” rating and a $65.00 price target on the stock. Barclays raised Ellie Mae from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $100.00 to $114.00 in a report on Tuesday, January 9th. Morgan Stanley raised their price target on Ellie Mae from $101.00 to $109.00 and gave the company an “equal weight” rating in a report on Tuesday, January 30th. Finally, Oppenheimer reissued a “buy” rating and set a $110.00 price target on shares of Ellie Mae in a report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $106.58.
A number of large investors have recently added to or reduced their stakes in the stock. Brown Capital Management LLC grew its holdings in Ellie Mae by 11.9% during the fourth quarter. Brown Capital Management LLC now owns 2,775,314 shares of the software maker’s stock worth $248,113,000 after acquiring an additional 295,702 shares during the period. Van Berkom & Associates Inc. increased its stake in Ellie Mae by 5.2% in the 3rd quarter. Van Berkom & Associates Inc. now owns 678,721 shares of the software maker’s stock worth $55,743,000 after purchasing an additional 33,828 shares in the last quarter. New York State Common Retirement Fund increased its stake in Ellie Mae by 0.8% in the 3rd quarter. New York State Common Retirement Fund now owns 500,265 shares of the software maker’s stock worth $41,087,000 after purchasing an additional 3,892 shares in the last quarter. Meritage Group LP purchased a new position in Ellie Mae in the 3rd quarter worth about $38,834,000. Finally, Standard Life Aberdeen plc increased its stake in Ellie Mae by 5.4% in the 4th quarter. Standard Life Aberdeen plc now owns 470,081 shares of the software maker’s stock worth $42,028,000 after purchasing an additional 24,048 shares in the last quarter.
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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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