Jonathan Corr Sells 2,306 Shares of Ellie Mae (ELLI) Stock

Ellie Mae (NYSE:ELLI) CEO Jonathan Corr sold 2,306 shares of the firm’s stock in a transaction that occurred on Tuesday, April 3rd. The stock was sold at an average price of $91.56, for a total transaction of $211,137.36. Following the transaction, the chief executive officer now directly owns 111,289 shares of the company’s stock, valued at $10,189,620.84. The sale was disclosed in a document filed with the SEC, which is available through this link.

Jonathan Corr also recently made the following trade(s):

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  • On Monday, March 12th, Jonathan Corr sold 589 shares of Ellie Mae stock. The stock was sold at an average price of $93.93, for a total transaction of $55,324.77.
  • On Wednesday, March 7th, Jonathan Corr sold 3,113 shares of Ellie Mae stock. The stock was sold at an average price of $92.57, for a total transaction of $288,170.41.
  • On Tuesday, February 27th, Jonathan Corr sold 3,515 shares of Ellie Mae stock. The stock was sold at an average price of $92.42, for a total transaction of $324,856.30.
  • On Friday, February 23rd, Jonathan Corr sold 6,747 shares of Ellie Mae stock. The stock was sold at an average price of $91.23, for a total transaction of $615,528.81.
  • On Friday, February 16th, Jonathan Corr sold 11,232 shares of Ellie Mae stock. The stock was sold at an average price of $89.20, for a total transaction of $1,001,894.40.
  • On Monday, February 12th, Jonathan Corr sold 1,132 shares of Ellie Mae stock. The stock was sold at an average price of $86.89, for a total transaction of $98,359.48.
  • On Thursday, January 11th, Jonathan Corr sold 1,131 shares of Ellie Mae stock. The stock was sold at an average price of $93.50, for a total transaction of $105,748.50.

Shares of ELLI opened at $92.82 on Friday. The firm has a market capitalization of $3,238.68, a price-to-earnings ratio of 90.12, a P/E/G ratio of 8.03 and a beta of 0.53. Ellie Mae has a fifty-two week low of $79.71 and a fifty-two week high of $114.95.

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

Several institutional investors and hedge funds have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Ellie Mae by 45.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,941 shares of the software maker’s stock valued at $174,000 after purchasing an additional 602 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Ellie Mae by 1.5% in the 3rd quarter. Rhumbline Advisers now owns 41,615 shares of the software maker’s stock valued at $3,418,000 after purchasing an additional 607 shares during the last quarter. Natixis Asset Management raised its stake in shares of Ellie Mae by 1.4% in the 4th quarter. Natixis Asset Management now owns 50,934 shares of the software maker’s stock valued at $4,555,000 after acquiring an additional 715 shares during the period. Raymond James & Associates raised its stake in shares of Ellie Mae by 4.4% in the 4th quarter. Raymond James & Associates now owns 22,816 shares of the software maker’s stock valued at $2,040,000 after acquiring an additional 965 shares during the period. Finally, Stifel Financial Corp raised its stake in shares of Ellie Mae by 42.5% in the 3rd quarter. Stifel Financial Corp now owns 3,502 shares of the software maker’s stock valued at $288,000 after acquiring an additional 1,044 shares during the period.

ELLI has been the topic of a number of analyst reports. Morgan Stanley raised their target price on shares of Ellie Mae from $101.00 to $109.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 30th. Zacks Investment Research lowered shares of Ellie Mae from a “buy” rating to a “hold” rating in a research report on Monday, January 1st. KeyCorp raised their target price on shares of Ellie Mae from $118.00 to $120.00 and gave the stock an “overweight” rating in a research report on Monday, February 5th. Compass Point initiated coverage on shares of Ellie Mae in a research report on Wednesday, January 3rd. They set a “sell” rating and a $65.00 target price on the stock. Finally, Royal Bank of Canada restated an “outperform” rating and set a $106.00 target price on shares of Ellie Mae in a research report on Wednesday, February 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price 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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