Brian E. Brown Sells 465 Shares of Ellie Mae (ELLI) Stock

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):

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  • 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.

Ellie Mae (NYSE:ELLI) last posted its quarterly earnings data on Thursday, February 8th. The software maker reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.01. Ellie Mae had a net margin of 12.67% and a return on equity of 5.39%. The company had revenue of $112.89 million for the quarter, compared to the consensus estimate of $108.27 million. During the same period last year, the company earned $0.46 earnings per share. The firm’s revenue was up 17.3% compared to the same quarter last year. sell-side analysts predict that Ellie Mae will post 0.78 EPS for the current fiscal year.

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.

Insider Buying and Selling by Quarter for Ellie Mae (NYSE:ELLI)

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