Ellie Mae Inc (NYSE:ELLI) EVP Gates Cathleen Schreiner sold 1,493 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $93.42, for a total value of $139,476.06. Following the completion of the sale, the executive vice president now directly owns 28,873 shares of the company’s stock, valued at $2,697,315.66. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Gates Cathleen Schreiner also recently made the following trade(s):
- On Friday, January 12th, Gates Cathleen Schreiner sold 13,000 shares of Ellie Mae stock. The stock was sold at an average price of $95.56, for a total value of $1,242,280.00.
- On Tuesday, December 26th, Gates Cathleen Schreiner sold 2,881 shares of Ellie Mae stock. The stock was sold at an average price of $92.08, for a total value of $265,282.48.
- On Wednesday, December 6th, Gates Cathleen Schreiner sold 1,900 shares of Ellie Mae stock. The stock was sold at an average price of $86.01, for a total value of $163,419.00.
Shares of Ellie Mae Inc (NYSE:ELLI) traded down $1.79 during trading hours on Wednesday, hitting $88.67. The company had a trading volume of 349,618 shares, compared to its average volume of 396,735. The firm has a market cap of $3,060.00, a P/E ratio of 59.91, a price-to-earnings-growth ratio of 7.97 and a beta of 0.57. Ellie Mae Inc has a 1 year low of $79.71 and a 1 year high of $114.95.
A number of institutional investors have recently made changes to their positions in ELLI. Victory Capital Management Inc. purchased a new position in Ellie Mae during the 3rd quarter valued at about $139,000. Advisor Group Inc. boosted its holdings in Ellie Mae by 69.3% during the 3rd quarter. Advisor Group Inc. now owns 1,717 shares of the software maker’s stock valued at $140,000 after acquiring an additional 703 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Ellie Mae by 45.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,941 shares of the software maker’s stock valued at $174,000 after acquiring an additional 602 shares during the period. Barings LLC purchased a new position in Ellie Mae during the 4th quarter valued at about $201,000. Finally, Atria Investments LLC purchased a new position in Ellie Mae during the 4th quarter valued at about $261,000.
A number of analysts have issued reports on the company. KeyCorp reaffirmed a “buy” rating and issued a $116.00 target price on shares of Ellie Mae in a research note on Sunday, November 19th. Oppenheimer reissued a “buy” rating and set a $110.00 price objective on shares of Ellie Mae in a research report on Thursday, February 1st. Bank of America cut their price objective on Ellie Mae from $115.00 to $110.00 and set a “buy” rating for the company in a research report on Friday, February 9th. Barclays raised Ellie Mae from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $100.00 to $114.00 in a research report on Tuesday, January 9th. Finally, Zacks Investment Research downgraded Ellie Mae from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Ellie Mae currently has an average rating of “Buy” and a consensus target price of $106.77.
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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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