Ellie Mae Inc (ELLI) EVP Sells $186,187.07 in Stock
Ellie Mae Inc (NYSE:ELLI) EVP Brian E. Brown sold 2,081 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $89.47, for a total transaction of $186,187.07. Following the completion of the transaction, the executive vice president now directly owns 14,238 shares in the company, valued at $1,273,873.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Ellie Mae Inc (NYSE:ELLI) traded up $1.68 during mid-day trading on Tuesday, reaching $92.47. 354,231 shares of the company’s stock were exchanged, compared to its average volume of 439,974. Ellie Mae Inc has a one year low of $79.71 and a one year high of $114.95. The stock has a market capitalization of $3,190.00, a P/E ratio of 62.48, a PEG ratio of 7.72 and a beta of 0.57.
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. Ellie Mae had a net margin of 12.67% and a return on equity of 5.43%. The company had revenue of $112.89 million for the quarter, compared to the consensus estimate of $108.27 million. During the same period in the previous year, the firm earned $0.46 earnings per share. Ellie Mae’s quarterly revenue was up 17.3% compared to the same quarter last year. analysts anticipate that Ellie Mae Inc will post 0.78 EPS for the current year.
A number of hedge funds have recently modified their holdings of ELLI. Advisor Group Inc. raised its stake in shares of Ellie Mae by 13.2% in the 2nd quarter. Advisor Group Inc. now owns 1,014 shares of the software maker’s stock valued at $112,000 after acquiring an additional 118 shares during the period. Victory Capital Management Inc. purchased a new stake in shares of Ellie Mae in the 3rd quarter valued at approximately $139,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Ellie Mae by 45.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,941 shares of the software maker’s stock valued at $174,000 after acquiring an additional 602 shares during the period. Barings LLC purchased a new stake in shares of Ellie Mae in the 4th quarter valued at approximately $201,000. Finally, Atria Investments LLC purchased a new stake in shares of Ellie Mae in the 4th quarter valued at approximately $261,000.
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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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