Insider Selling: Ellie Mae (ELLI) CEO Sells 589 Shares of Stock

Ellie Mae (NYSE:ELLI) CEO Jonathan Corr sold 589 shares of the company’s stock in a transaction dated Wednesday, April 11th. The stock was sold at an average price of $94.34, for a total value of $55,566.26. Following the sale, the chief executive officer now owns 109,572 shares of the company’s stock, valued at approximately $10,337,022.48. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Jonathan Corr also recently made the following trade(s):

  • On Tuesday, April 3rd, Jonathan Corr sold 2,306 shares of Ellie Mae stock. The stock was sold at an average price of $91.56, for a total value of $211,137.36.
  • On Monday, March 12th, Jonathan Corr sold 589 shares of Ellie Mae stock. The stock was sold at an average price of $93.93, for a total value of $55,324.77.
  • On Wednesday, March 7th, Jonathan Corr sold 3,113 shares of Ellie Mae stock. The stock was sold at an average price of $92.57, for a total value of $288,170.41.
  • On Tuesday, February 27th, Jonathan Corr sold 3,515 shares of Ellie Mae stock. The stock was sold at an average price of $92.42, for a total value of $324,856.30.
  • On Friday, February 23rd, Jonathan Corr sold 6,747 shares of Ellie Mae stock. The stock was sold at an average price of $91.23, for a total value of $615,528.81.
  • On Friday, February 16th, Jonathan Corr sold 11,232 shares of Ellie Mae stock. The stock was sold at an average price of $89.20, for a total value of $1,001,894.40.
  • On Monday, February 12th, Jonathan Corr sold 1,132 shares of Ellie Mae stock. The stock was sold at an average price of $86.89, for a total value of $98,359.48.

NYSE:ELLI traded down $4.04 during mid-day trading on Thursday, hitting $89.96. 1,366,446 shares of the company’s stock traded hands, compared to its average volume of 430,106. Ellie Mae has a 12 month low of $79.71 and a 12 month high of $114.95. The company has a market cap of $3,255.13, a price-to-earnings ratio of 87.34, a PEG ratio of 8.07 and a beta of 0.53.



Ellie Mae (NYSE:ELLI) last announced its earnings results on Thursday, February 8th. The software maker reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.01. Ellie Mae had a return on equity of 5.39% and a net margin of 12.67%. The firm had revenue of $112.89 million during the quarter, compared to the consensus estimate of $108.27 million. During the same quarter in the prior year, the company earned $0.46 EPS. The firm’s revenue for the quarter was up 17.3% compared to the same quarter last year. research analysts predict that Ellie Mae will post 0.78 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the stock. Calamos Advisors LLC bought a new stake in Ellie Mae during the 4th quarter valued at approximately $17,989,000. HMI Capital LLC bought a new stake in shares of Ellie Mae in the 4th quarter worth approximately $21,009,000. Schwab Charles Investment Management Inc. lifted its position in shares of Ellie Mae by 6.0% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 161,018 shares of the software maker’s stock worth $14,396,000 after acquiring an additional 9,172 shares during the period. Teacher Retirement System of Texas lifted its position in shares of Ellie Mae by 317.1% in the 4th quarter. Teacher Retirement System of Texas now owns 11,676 shares of the software maker’s stock worth $1,044,000 after acquiring an additional 8,877 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in shares of Ellie Mae by 378.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 191,316 shares of the software maker’s stock worth $15,712,000 after acquiring an additional 151,347 shares during the period.

Several analysts have recently issued reports on ELLI shares. Royal Bank of Canada reiterated an “outperform” rating and set a $106.00 price target on shares of Ellie Mae in a research note on Wednesday, February 14th. Zacks Investment Research downgraded Ellie Mae from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. KeyCorp reiterated a “buy” rating and set a $120.00 price target on shares of Ellie Mae in a research note on Wednesday, March 21st. Barclays upgraded Ellie Mae from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $100.00 to $114.00 in a research note on Tuesday, January 9th. Finally, Compass Point started coverage on Ellie Mae in a research note on Wednesday, January 3rd. They set a “sell” rating and a $65.00 price target for the company. Three analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. Ellie Mae currently has a consensus rating of “Hold” and a consensus target price of $105.25.

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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.

Insider Buying and Selling by Quarter for Ellie Mae (NYSE:ELLI)

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