Ellie Mae (NYSE:ELLI) Director Karen Blasing sold 1,325 shares of the firm’s stock in a transaction that occurred on Friday, May 18th. The stock was sold at an average price of $102.32, for a total transaction of $135,574.00. Following the sale, the director now owns 4,222 shares of the company’s stock, valued at $431,995.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Ellie Mae traded down $1.10, hitting $103.04, during mid-day trading on Tuesday, according to Marketbeat Ratings. 463,788 shares of the company’s stock were exchanged, compared to its average volume of 492,253. Ellie Mae has a 52 week low of $79.71 and a 52 week high of $114.95. The stock has a market capitalization of $3.56 billion, a PE ratio of 100.04, a P/E/G ratio of 6.72 and a beta of 0.51.
Ellie Mae (NYSE:ELLI) last announced its earnings results on Thursday, April 26th. The software maker reported $0.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.25. Ellie Mae had a net margin of 10.28% and a return on equity of 5.73%. The company had revenue of $117.91 million for the quarter, compared to analysts’ expectations of $108.80 million. During the same period last year, the firm earned $0.25 earnings per share. The business’s revenue for the quarter was up 26.8% on a year-over-year basis. sell-side analysts forecast that Ellie Mae will post 0.86 EPS for the current year.
ELLI has been the subject of several research reports. Morgan Stanley raised their price objective on shares of Ellie Mae from $101.00 to $109.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 30th. Oppenheimer restated a “buy” rating and set a $110.00 price objective on shares of Ellie Mae in a research report on Thursday, February 1st. KeyCorp raised their price objective on shares of Ellie Mae from $118.00 to $120.00 and gave the stock an “overweight” rating in a research report on Monday, February 5th. Bank of America lowered their target price on shares of Ellie Mae from $115.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, February 9th. Finally, Stephens reaffirmed a “hold” rating and set a $92.00 target price on shares of Ellie Mae in a report on Friday, February 9th. Two analysts have rated the stock with a sell rating, six have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Ellie Mae currently has a consensus rating of “Hold” and a consensus target price of $100.27.
Large investors have recently made changes to their positions in the stock. Calamos Advisors LLC bought a new position in Ellie Mae in the fourth quarter valued at approximately $17,989,000. HMI Capital LLC bought a new position in Ellie Mae in the fourth quarter valued at approximately $21,009,000. Schwab Charles Investment Management Inc. increased its stake in Ellie Mae by 6.0% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 161,018 shares of the software maker’s stock valued at $14,396,000 after acquiring an additional 9,172 shares during the last quarter. Teacher Retirement System of Texas increased its stake in Ellie Mae by 317.1% in the fourth quarter. Teacher Retirement System of Texas now owns 11,676 shares of the software maker’s stock valued at $1,044,000 after acquiring an additional 8,877 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Ellie Mae during the fourth quarter worth $473,000.
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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