Ellie Mae Inc (NYSE:ELLI) Director Karen Blasing sold 579 shares of the firm’s stock in a transaction dated Thursday, June 21st. The stock was sold at an average price of $110.50, for a total transaction of $63,979.50. Following the completion of the sale, the director now directly owns 5,748 shares of the company’s stock, valued at $635,154. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Karen Blasing also recently made the following trade(s):
- On Friday, May 18th, Karen Blasing sold 1,325 shares of Ellie Mae stock. The stock was sold at an average price of $102.32, for a total transaction of $135,574.00.
Shares of NYSE ELLI opened at $103.42 on Thursday. Ellie Mae Inc has a 1 year low of $79.71 and a 1 year high of $116.90. The stock has a market cap of $3.70 billion, a P/E ratio of 91.23, a price-to-earnings-growth ratio of 6.97 and a beta of 0.58.
Ellie Mae (NYSE:ELLI) last issued its quarterly earnings results on Thursday, April 26th. The software maker reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $108.80 million. During the same period last year, the company posted $0.25 EPS. Ellie Mae’s revenue was up 26.8% on a year-over-year basis. equities analysts anticipate that Ellie Mae Inc will post 0.86 earnings per share for the current year.
Several equities research analysts have recently commented on the stock. Zacks Investment Research cut shares of Ellie Mae from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. JPMorgan Chase & Co. cut shares of Ellie Mae from an “overweight” rating to a “neutral” rating and raised their target price for the stock from $112.00 to $118.00 in a research report on Thursday, June 21st. They noted that the move was a valuation call. Royal Bank of Canada raised their target price on shares of Ellie Mae to $125.00 and gave the stock an “outperform” rating in a research report on Monday, June 18th. Wedbush reaffirmed an “underperform” rating and issued a $69.00 target price on shares of Ellie Mae in a research report on Friday, April 27th. Finally, Compass Point reaffirmed a “sell” rating and issued a $60.00 target price (up from $58.75) on shares of Ellie Mae in a research report on Friday, April 27th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. Ellie Mae currently has a consensus rating of “Hold” and a consensus target price of $103.33.
A number of hedge funds and other institutional investors have recently modified their holdings of ELLI. Schwab Charles Investment Management Inc. raised its holdings 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 worth $14,396,000 after buying an additional 9,172 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Ellie Mae by 45.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,941 shares of the software maker’s stock worth $174,000 after buying an additional 602 shares during the last quarter. Teacher Retirement System of Texas raised its holdings 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 worth $1,044,000 after buying an additional 8,877 shares during the last quarter. Swiss National Bank raised its holdings in Ellie Mae by 4.1% in the fourth quarter. Swiss National Bank now owns 58,600 shares of the software maker’s stock worth $5,239,000 after buying an additional 2,300 shares during the last quarter. Finally, Barings LLC purchased a new position in Ellie Mae in the fourth quarter worth about $201,000.
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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