Matthew Lavay Sells 531 Shares of Ellie Mae (ELLI) Stock

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):

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  • 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.

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, topping the Thomson Reuters’ 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 for the quarter, compared to the consensus estimate of $108.27 million. During the same period in the previous year, the business earned $0.46 EPS. The firm’s revenue for the quarter was up 17.3% on a year-over-year basis. analysts predict that Ellie Mae will post 0.78 earnings per share for the current year.

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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