Ellie Mae (NYSE:ELLI) EVP Brian E. Brown sold 465 shares of Ellie Mae stock in a transaction that occurred on Tuesday, April 3rd. The stock was sold at an average price of $91.95, for a total transaction of $42,756.75. Following the transaction, the executive vice president now directly owns 17,708 shares in the company, valued at approximately $1,628,250.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Brian E. Brown also recently made the following trade(s):
- On Thursday, March 1st, Brian E. Brown sold 1,695 shares of Ellie Mae stock. The stock was sold at an average price of $90.48, for a total transaction of $153,363.60.
NYSE ELLI opened at $94.45 on Friday. Ellie Mae has a 12-month low of $79.71 and a 12-month high of $114.95. The company has a market capitalization of $3,232.16, a PE ratio of 91.70, a price-to-earnings-growth ratio of 8.02 and a beta of 0.53.
ELLI has been the topic of several recent analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $106.00 price objective on shares of Ellie Mae in a research note on Wednesday, February 14th. Zacks Investment Research lowered shares of Ellie Mae from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. KeyCorp reissued a “buy” rating and set a $120.00 price objective on shares of Ellie Mae in a research note on Wednesday, March 21st. Barclays raised shares of Ellie Mae from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $100.00 to $114.00 in a research note on Tuesday, January 9th. Finally, Compass Point initiated coverage on shares of Ellie Mae in a research note on Wednesday, January 3rd. They issued a “sell” rating and a $65.00 price target on the stock. One 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 company has an average rating of “Buy” and a consensus price target of $104.91.
Several hedge funds and other institutional investors have recently bought and sold shares of ELLI. Xact Kapitalforvaltning AB acquired a new position in Ellie Mae during the fourth quarter worth $300,000. MetLife Investment Advisors LLC acquired a new position in Ellie Mae during the fourth quarter worth $1,406,000. Jane Street Group LLC acquired a new position in Ellie Mae during the fourth quarter worth $473,000. LPL Financial LLC increased its holdings in Ellie Mae by 22.4% during the fourth quarter. LPL Financial LLC now owns 6,878 shares of the software maker’s stock worth $615,000 after buying an additional 1,258 shares during the last quarter. Finally, Millennium Management LLC acquired a new position in Ellie Mae during the fourth quarter worth $531,000.
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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.
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