Insider Selling: Ellie Mae Inc (ELLI) Director Sells 15,000 Shares of Stock
Ellie Mae Inc (NYSE:ELLI) Director Sigmund Anderman sold 15,000 shares of the stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $101.97, for a total transaction of $1,529,550.00. Following the sale, the director now directly owns 42,901 shares in the company, valued at approximately $4,374,614.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Sigmund Anderman also recently made the following trade(s):
- On Monday, July 16th, Sigmund Anderman sold 15,000 shares of Ellie Mae stock. The stock was sold at an average price of $103.09, for a total transaction of $1,546,350.00.
ELLI stock opened at $102.65 on Friday. Ellie Mae Inc has a fifty-two week low of $79.71 and a fifty-two week high of $116.90. The company has a market cap of $3.64 billion, a P/E ratio of 99.66, a PEG ratio of 5.84 and a beta of 0.57.
Several analysts have recently issued reports on ELLI shares. KeyCorp reissued a “buy” rating and set a $120.00 price target on shares of Ellie Mae in a research report on Tuesday, April 24th. Compass Point restated a “sell” rating and set a $60.00 target price (up from $58.75) on shares of Ellie Mae in a research note on Friday, April 27th. Wedbush restated an “underperform” rating and set a $69.00 target price on shares of Ellie Mae in a research note on Friday, April 27th. Zacks Investment Research upgraded shares of Ellie Mae from a “sell” rating to a “strong-buy” rating and set a $113.00 target price on the stock in a research note on Wednesday, May 2nd. Finally, Royal Bank of Canada upped their target price on shares of Ellie Mae to $125.00 and gave the stock an “outperform” rating in a research note on Monday, June 18th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $108.86.
A number of institutional investors have recently made changes to their positions in ELLI. We Are One Seven LLC increased its stake in Ellie Mae by 238.3% in the first quarter. We Are One Seven LLC now owns 1,316 shares of the software maker’s stock valued at $121,000 after purchasing an additional 927 shares during the last quarter. M&T Bank Corp purchased a new position in Ellie Mae in the first quarter valued at approximately $206,000. ETRADE Capital Management LLC purchased a new position in Ellie Mae in the first quarter valued at approximately $215,000. SG Americas Securities LLC purchased a new position in Ellie Mae in the first quarter valued at approximately $231,000. Finally, Asset Management One Co. Ltd. increased its stake in Ellie Mae by 36.4% in the first quarter. Asset Management One Co. Ltd. now owns 2,581 shares of the software maker’s stock valued at $237,000 after purchasing an additional 689 shares during the last quarter.
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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