Ellie Mae Inc (ELLI) EVP Gates Cathleen Schreiner Sells 13,000 Shares

Ellie Mae Inc (NYSE:ELLI) EVP Gates Cathleen Schreiner sold 13,000 shares of the firm’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $95.56, for a total value of $1,242,280.00. Following the sale, the executive vice president now directly owns 56,313 shares in the company, valued at approximately $5,381,270.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Gates Cathleen Schreiner also recently made the following trade(s):

  • On Tuesday, December 26th, Gates Cathleen Schreiner sold 2,881 shares of Ellie Mae stock. The shares were sold at an average price of $92.08, for a total value of $265,282.48.
  • On Wednesday, December 6th, Gates Cathleen Schreiner sold 1,900 shares of Ellie Mae stock. The shares were sold at an average price of $86.01, for a total value of $163,419.00.

Shares of Ellie Mae Inc (NYSE:ELLI) traded up $1.28 on Friday, reaching $96.38. The company’s stock had a trading volume of 194,295 shares, compared to its average volume of 359,446. The firm has a market cap of $3,284.40, a P/E ratio of 63.83, a PEG ratio of 12.40 and a beta of 0.29. Ellie Mae Inc has a 52-week low of $79.71 and a 52-week high of $114.95.

Ellie Mae (NYSE:ELLI) last announced its earnings results on Thursday, October 26th. The software maker reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.13. The firm had revenue of $107.00 million for the quarter, compared to the consensus estimate of $105.62 million. Ellie Mae had a return on equity of 6.39% and a net margin of 13.45%. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.60 EPS. equities analysts predict that Ellie Mae Inc will post 0.9 earnings per share for the current fiscal year.

Several research firms recently weighed in on ELLI. Zacks Investment Research raised Ellie Mae from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a report on Wednesday, December 27th. Barclays raised their price objective on Ellie Mae from $92.00 to $100.00 and gave the company an “equal weight” rating in a report on Friday, October 27th. Compass Point began coverage on Ellie Mae in a report on Wednesday, January 3rd. They set a “sell” rating and a $65.00 price objective on the stock. KeyCorp reissued a “buy” rating and set a $116.00 price objective on shares of Ellie Mae in a report on Sunday, November 19th. Finally, Royal Bank of Canada raised Ellie Mae from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $90.00 to $105.00 in a report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $108.50.

A number of institutional investors and hedge funds have recently made changes to their positions in ELLI. Advisor Group Inc. lifted its holdings in Ellie Mae by 13.2% during the 2nd quarter. Advisor Group Inc. now owns 1,014 shares of the software maker’s stock worth $112,000 after buying an additional 118 shares during the period. Victory Capital Management Inc. acquired a new position in Ellie Mae during the 3rd quarter worth about $139,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Ellie Mae by 9.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,339 shares of the software maker’s stock worth $147,000 after buying an additional 119 shares during the period. Stifel Financial Corp acquired a new position in Ellie Mae during the 2nd quarter worth about $270,000. Finally, Marshall Wace North America L.P. acquired a new position in Ellie Mae during the 2nd quarter worth about $307,000.

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Ellie Mae Company Profile

Ellie Mae, Inc is a provider of on-demand software solutions and services for the residential mortgage industry in the United States. Banks, credit unions, mortgage lenders and mortgage brokers use the Company’s Encompass mortgage management solution to originate and fund mortgages. The Company’s Encompass software is an enterprise solution that handles functions involved in running the business of originating mortgages, including customer relationship management; loan processing; underwriting; preparation of application, disclosure and closing documents; funding and closing the loan for the borrower; compliance with regulatory and investor requirements, and overall enterprise management.

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

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