Jonathan Corr Sells 1,623 Shares of Ellie Mae, Inc. (ELLI) Stock
Ellie Mae, Inc. (NYSE:ELLI) CEO Jonathan Corr sold 1,623 shares of the stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $88.72, for a total transaction of $143,992.56. Following the transaction, the chief executive officer now directly owns 114,633 shares in the company, valued at $10,170,239.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Jonathan Corr also recently made the following trade(s):
- On Monday, December 11th, Jonathan Corr sold 2,212 shares of Ellie Mae stock. The stock was sold at an average price of $88.95, for a total transaction of $196,757.40.
- On Tuesday, November 7th, Jonathan Corr sold 2,211 shares of Ellie Mae stock. The stock was sold at an average price of $87.52, for a total transaction of $193,506.72.
- On Monday, October 9th, Jonathan Corr sold 2,211 shares of Ellie Mae stock. The stock was sold at an average price of $83.76, for a total transaction of $185,193.36.
Shares of Ellie Mae, Inc. (NYSE:ELLI) opened at $91.15 on Wednesday. Ellie Mae, Inc. has a fifty-two week low of $79.71 and a fifty-two week high of $114.95. The stock has a market cap of $3,098.59, a PE ratio of 71.21, a price-to-earnings-growth ratio of 7.54 and a beta of 0.28.
Ellie Mae (NYSE:ELLI) last released its earnings results on Thursday, October 26th. The software maker reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.13. Ellie Mae had a net margin of 13.45% and a return on equity of 6.39%. The business had revenue of $107.00 million during the quarter, compared to analysts’ expectations of $105.62 million. During the same quarter last year, the company earned $0.60 earnings per share. The firm’s revenue was up 6.6% on a year-over-year basis. equities analysts forecast that Ellie Mae, Inc. will post 0.9 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Ellie Mae in the second quarter valued at about $1,461,000. Merriman Wealth Management LLC lifted its stake in shares of Ellie Mae by 14.2% in the third quarter. Merriman Wealth Management LLC now owns 80,586 shares of the software maker’s stock valued at $6,619,000 after buying an additional 10,000 shares during the period. Mirador Capital Partners LP lifted its stake in shares of Ellie Mae by 5.0% in the second quarter. Mirador Capital Partners LP now owns 19,175 shares of the software maker’s stock valued at $1,706,000 after buying an additional 906 shares during the period. Nationwide Fund Advisors lifted its stake in shares of Ellie Mae by 26.8% in the third quarter. Nationwide Fund Advisors now owns 242,728 shares of the software maker’s stock valued at $19,935,000 after buying an additional 51,253 shares during the period. Finally, Eaton Vance Management lifted its stake in shares of Ellie Mae by 10.2% in the second quarter. Eaton Vance Management now owns 154,885 shares of the software maker’s stock valued at $17,023,000 after buying an additional 14,278 shares during the period.
Several equities analysts have commented on ELLI shares. Zacks Investment Research raised shares of Ellie Mae from a “hold” rating to a “strong-buy” rating and set a $100.00 target price on the stock in a research report on Tuesday, October 31st. Barclays upped their price target on shares of Ellie Mae from $92.00 to $100.00 and gave the company an “equal weight” rating in a report on Friday, October 27th. Needham & Company LLC restated a “buy” rating on shares of Ellie Mae in a report on Sunday, October 29th. KeyCorp restated a “buy” rating and set a $116.00 price target on shares of Ellie Mae in a report on Wednesday, October 4th. Finally, ValuEngine upgraded shares of Ellie Mae from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Ellie Mae presently has a consensus rating of “Buy” and a consensus price target of $110.71.
ILLEGAL ACTIVITY NOTICE: “Jonathan Corr Sells 1,623 Shares of Ellie Mae, Inc. (ELLI) Stock” was first published by Watch List News and is owned by of Watch List News. If you are reading this report on another website, it was illegally copied and reposted in violation of United States and international trademark & copyright laws. The legal version of this report can be read at https://www.watchlistnews.com/jonathan-corr-sells-1623-shares-of-ellie-mae-inc-elli-stock/1760734.html.
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.
Receive News & Ratings for Ellie Mae Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ellie Mae and related companies with Analyst Ratings Network's FREE daily email newsletter.