Joseph P. Tyrrell Sells 8,600 Shares of Ellie Mae, Inc. (ELLI) Stock
Ellie Mae, Inc. (NYSE:ELLI) EVP Joseph P. Tyrrell sold 8,600 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $88.10, for a total value of $757,660.00. Following the transaction, the executive vice president now owns 39,783 shares in the company, valued at $3,504,882.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Ellie Mae, Inc. (NYSE:ELLI) traded down $0.42 during midday trading on Friday, reaching $87.94. The company’s stock had a trading volume of 204,896 shares, compared to its average volume of 442,827. Ellie Mae, Inc. has a 1 year low of $77.60 and a 1 year high of $114.95. The firm has a market capitalization of $3,050.00, a price-to-earnings ratio of 70.32, a PEG ratio of 7.44 and a beta of 0.31.
Ellie Mae (NYSE:ELLI) last issued its earnings results on Thursday, October 26th. The software maker reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.13. Ellie Mae had a return on equity of 6.39% and a net margin of 13.45%. The firm had revenue of $107.00 million for the quarter, compared to analyst estimates of $105.62 million. During the same period last year, the company earned $0.60 earnings per share. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. research analysts anticipate that Ellie Mae, Inc. will post 0.9 EPS for the current year.
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ELLI has been the topic of several research analyst reports. Morgan Stanley restated an “equal weight” rating and set a $115.00 price objective (up from $106.00) on shares of Ellie Mae in a research note on Thursday, July 20th. Roth Capital cut Ellie Mae from a “buy” rating to a “neutral” rating in a research note on Friday, July 28th. ValuEngine cut Ellie Mae from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Needham & Company LLC restated a “buy” rating and set a $100.00 price objective (down from $135.00) on shares of Ellie Mae in a research note on Sunday, July 30th. Finally, BidaskClub cut Ellie Mae from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 1st. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $110.71.
Institutional investors and hedge funds have recently modified their holdings of the company. Advisor Group Inc. increased its holdings in shares of Ellie Mae by 13.2% during the second quarter. Advisor Group Inc. now owns 1,014 shares of the software maker’s stock valued at $112,000 after purchasing an additional 118 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of Ellie Mae by 8.8% during the second quarter. Nisa Investment Advisors LLC now owns 1,230 shares of the software maker’s stock valued at $135,000 after purchasing an additional 100 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Ellie Mae by 9.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,339 shares of the software maker’s stock valued at $147,000 after purchasing an additional 119 shares during the period. Victory Capital Management Inc. acquired a new position in shares of Ellie Mae during the third quarter valued at $139,000. Finally, Bank of Montreal Can increased its holdings in shares of Ellie Mae by 1.4% during the second quarter. Bank of Montreal Can now owns 1,817 shares of the software maker’s stock valued at $200,000 after purchasing an additional 25 shares during the period.
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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