Ellie Mae (NYSE:ELLI) CFO Matthew Lavay sold 531 shares of Ellie Mae stock in a transaction on Tuesday, April 3rd. The shares were sold at an average price of $91.86, for a total value of $48,777.66. Following the sale, the chief financial officer now directly owns 19,358 shares of the company’s stock, valued at $1,778,225.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Matthew Lavay also recently made the following trade(s):
- On Monday, March 19th, Matthew Lavay sold 163 shares of Ellie Mae stock. The shares were sold at an average price of $96.30, for a total value of $15,696.90.
- On Friday, February 16th, Matthew Lavay sold 629 shares of Ellie Mae stock. The stock was sold at an average price of $90.13, for a total value of $56,691.77.
Shares of ELLI stock opened at $94.45 on Friday. Ellie Mae has a 1-year low of $79.71 and a 1-year high of $114.95. The firm has a market cap of $3,232.16, a P/E ratio of 91.70, a price-to-earnings-growth ratio of 8.02 and a beta of 0.53.
Hedge funds have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its stake 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 worth $174,000 after buying an additional 602 shares during the last quarter. Barings LLC purchased a new position in Ellie Mae during the 4th quarter worth $201,000. Atria Investments LLC purchased a new position in Ellie Mae during the 4th quarter worth $261,000. Stifel Financial Corp grew its stake in Ellie Mae by 42.5% during the 3rd quarter. Stifel Financial Corp now owns 3,502 shares of the software maker’s stock worth $288,000 after buying an additional 1,044 shares during the last quarter. Finally, Jefferies Group LLC purchased a new position in Ellie Mae during the 4th quarter worth $292,000.
ELLI has been the subject of several recent research reports. Royal Bank of Canada reissued an “outperform” rating and issued a $106.00 price target on shares of Ellie Mae in a research report on Wednesday, February 14th. Zacks Investment Research lowered Ellie Mae from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. KeyCorp reissued a “buy” rating and issued a $120.00 price target on shares of Ellie Mae in a research report on Wednesday, March 21st. Barclays raised Ellie Mae from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $100.00 to $114.00 in a research report on Tuesday, January 9th. Finally, Compass Point initiated coverage on Ellie Mae in a research report on Wednesday, January 3rd. They issued a “sell” rating and a $65.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $104.91.
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About Ellie Mae
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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