Ellie Mae Inc (NYSE:ELLI) Director Sigmund Anderman sold 1,391 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $91.53, for a total value of $127,318.23. Following the transaction, the director now owns 54,742 shares of the company’s stock, valued at $5,010,535.26. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Sigmund Anderman also recently made the following trade(s):
- On Friday, February 16th, Sigmund Anderman sold 3,151 shares of Ellie Mae stock. The stock was sold at an average price of $90.35, for a total value of $284,692.85.
- On Wednesday, January 3rd, Sigmund Anderman sold 18,726 shares of Ellie Mae stock. The stock was sold at an average price of $88.80, for a total value of $1,662,868.80.
Ellie Mae Inc (NYSE ELLI) opened at $92.42 on Friday. Ellie Mae Inc has a 52 week low of $79.71 and a 52 week high of $114.95. The stock has a market capitalization of $3,163.35, a price-to-earnings ratio of 62.45, a PEG ratio of 7.86 and a beta of 0.57.
Ellie Mae (NYSE:ELLI) last released its quarterly earnings results on Thursday, February 8th. The software maker reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.01. Ellie Mae had a return on equity of 5.43% and a net margin of 12.67%. The company had revenue of $112.89 million during the quarter, compared to analysts’ expectations of $108.27 million. During the same quarter in the prior year, the business posted $0.46 earnings per share. The company’s revenue for the quarter was up 17.3% compared to the same quarter last year. sell-side analysts anticipate that Ellie Mae Inc will post 0.78 earnings per share for the current fiscal year.
A number of research analysts recently commented on the company. Zacks Investment Research upgraded Ellie Mae from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a research note on Friday, February 9th. Bank of America lowered their price objective on Ellie Mae from $115.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, February 9th. Stephens restated a “hold” rating and set a $92.00 price objective on shares of Ellie Mae in a research note on Friday, February 9th. Compass Point assumed coverage on Ellie Mae in a research note on Wednesday, January 3rd. They set a “sell” rating and a $65.00 price objective for the company. Finally, Oppenheimer restated a “buy” rating and set a $110.00 price objective on shares of Ellie Mae in a research note on Thursday, February 1st. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $106.11.
Several large investors have recently added to or reduced their stakes in ELLI. Advisor Group Inc. lifted its holdings in shares of Ellie Mae by 13.2% in the second quarter. Advisor Group Inc. now owns 1,014 shares of the software maker’s stock valued at $112,000 after buying an additional 118 shares during the period. Ameritas Investment Partners Inc. lifted its holdings in shares of Ellie Mae by 5.0% in the second quarter. Ameritas Investment Partners Inc. now owns 2,972 shares of the software maker’s stock valued at $327,000 after buying an additional 141 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Ellie Mae by 45.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,941 shares of the software maker’s stock valued at $174,000 after buying an additional 602 shares during the period. Rhumbline Advisers lifted its holdings in shares of Ellie Mae by 1.5% in the third quarter. Rhumbline Advisers now owns 41,615 shares of the software maker’s stock valued at $3,418,000 after buying an additional 607 shares during the period. Finally, Natixis Asset Management lifted its holdings in shares of Ellie Mae by 1.4% in the fourth quarter. Natixis Asset Management now owns 50,934 shares of the software maker’s stock valued at $4,555,000 after buying an additional 715 shares during the period.
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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.
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