Ellie Mae Inc (ELLI) CFO Matthew Lavay Sells 222 Shares

Ellie Mae Inc (NYSE:ELLI) CFO Matthew Lavay sold 222 shares of the business’s stock in a transaction that occurred on Tuesday, June 12th. The stock was sold at an average price of $109.43, for a total value of $24,293.46. Following the sale, the chief financial officer now directly owns 14,433 shares of the company’s stock, valued at $1,579,403.19. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Matthew Lavay also recently made the following trade(s):

  • On Thursday, June 7th, Matthew Lavay sold 2,339 shares of Ellie Mae stock. The stock was sold at an average price of $106.91, for a total value of $250,062.49.
  • On Tuesday, June 5th, Matthew Lavay sold 20,320 shares of Ellie Mae stock. The stock was sold at an average price of $107.77, for a total value of $2,189,886.40.
  • On Wednesday, May 16th, Matthew Lavay sold 1,231 shares of Ellie Mae stock. The stock was sold at an average price of $101.53, for a total value of $124,983.43.
  • On Wednesday, May 2nd, Matthew Lavay sold 196 shares of Ellie Mae stock. The stock was sold at an average price of $100.00, for a total value of $19,600.00.
  • On Tuesday, April 3rd, Matthew Lavay sold 531 shares of Ellie Mae stock. The stock was sold at an average price of $91.86, for a total value of $48,777.66.
  • On Monday, March 19th, Matthew Lavay sold 163 shares of Ellie Mae stock. The stock was sold at an average price of $96.30, for a total value of $15,696.90.

Ellie Mae stock traded up $2.14 during trading on Thursday, hitting $113.40. The stock had a trading volume of 412,445 shares, compared to its average volume of 483,878. Ellie Mae Inc has a 1 year low of $79.71 and a 1 year high of $114.95. The company has a market cap of $3.69 billion, a price-to-earnings ratio of 110.19, a PEG ratio of 6.96 and a beta of 0.58.

Ellie Mae (NYSE:ELLI) last posted its quarterly earnings data on Thursday, April 26th. The software maker reported $0.34 EPS for the quarter, beating the consensus estimate of $0.09 by $0.25. Ellie Mae had a return on equity of 5.73% and a net margin of 10.28%. The business had revenue of $117.91 million for the quarter, compared to the consensus estimate of $108.80 million. During the same quarter in the prior year, the business earned $0.25 earnings per share. Ellie Mae’s revenue for the quarter was up 26.8% on a year-over-year basis. equities analysts anticipate that Ellie Mae Inc will post 0.86 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of ELLI. Contour Asset Management LLC purchased a new position in Ellie Mae in the first quarter valued at approximately $67,176,000. Carillon Tower Advisers Inc. purchased a new position in Ellie Mae in the fourth quarter valued at approximately $32,241,000. Jericho Capital Asset Management L.P. lifted its stake in Ellie Mae by 83.6% in the first quarter. Jericho Capital Asset Management L.P. now owns 725,338 shares of the software maker’s stock valued at $66,688,000 after purchasing an additional 330,338 shares during the last quarter. Brown Capital Management LLC lifted its stake in Ellie Mae by 11.9% in the fourth quarter. Brown Capital Management LLC now owns 2,775,314 shares of the software maker’s stock valued at $248,113,000 after purchasing an additional 295,702 shares during the last quarter. Finally, HMI Capital LLC purchased a new position in Ellie Mae in the fourth quarter valued at approximately $21,009,000.

A number of equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Ellie Mae from a “sell” rating to a “strong-buy” rating and set a $113.00 target price on the stock in a research note on Wednesday, May 2nd. Wedbush restated an “underperform” rating and issued a $69.00 target price on shares of Ellie Mae in a research note on Friday, April 27th. KeyCorp restated a “buy” rating and issued a $120.00 target price on shares of Ellie Mae in a research note on Wednesday, March 21st. Zelman & Associates upgraded Ellie Mae from a “sell” rating to a “hold” rating in a research note on Friday, April 20th. Finally, Compass Point restated a “sell” rating and issued a $60.00 target price (up previously from $58.75) on shares of Ellie Mae in a research note on Friday, April 27th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $100.27.

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.

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

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