Brian E. Brown Sells 2,081 Shares of Ellie Mae Inc (ELLI) Stock
Ellie Mae Inc (NYSE:ELLI) EVP Brian E. Brown sold 2,081 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $89.47, for a total transaction of $186,187.07. Following the completion of the sale, the executive vice president now directly owns 14,238 shares of the company’s stock, valued at $1,273,873.86. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Ellie Mae Inc (NYSE ELLI) opened at $92.28 on Thursday. Ellie Mae Inc has a one year low of $79.71 and a one year high of $114.95. The stock has a market cap of $3,165.03, a price-to-earnings ratio of 84.83, a PEG ratio of 7.86 and a beta of 0.57.
Ellie Mae (NYSE:ELLI) last announced its quarterly earnings data on Thursday, February 8th. The software maker reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. Ellie Mae had a net margin of 12.67% and a return on equity of 5.43%. The company had revenue of $112.89 million during the quarter, compared to analysts’ expectations of $108.27 million. During the same quarter in the prior year, the company posted $0.46 EPS. The business’s revenue was up 17.3% on a year-over-year basis. equities research analysts forecast that Ellie Mae Inc will post 0.78 earnings per share for the current year.
Several hedge funds have recently made changes to their positions in ELLI. Brown Capital Management LLC increased its position in shares of Ellie Mae by 11.9% during the 4th quarter. Brown Capital Management LLC now owns 2,775,314 shares of the software maker’s stock worth $248,113,000 after purchasing an additional 295,702 shares in the last quarter. Baillie Gifford & Co. increased its position in shares of Ellie Mae by 51.5% during the 3rd quarter. Baillie Gifford & Co. now owns 818,296 shares of the software maker’s stock worth $67,207,000 after purchasing an additional 278,321 shares in the last quarter. Van Berkom & Associates Inc. increased its position in shares of Ellie Mae by 5.2% during the 3rd quarter. Van Berkom & Associates Inc. now owns 678,721 shares of the software maker’s stock worth $55,743,000 after purchasing an additional 33,828 shares in the last quarter. State Street Corp increased its position in shares of Ellie Mae by 6.6% during the 2nd quarter. State Street Corp now owns 674,428 shares of the software maker’s stock worth $74,129,000 after purchasing an additional 41,894 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Ellie Mae by 22.0% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 515,365 shares of the software maker’s stock worth $42,327,000 after purchasing an additional 93,101 shares in the last quarter.
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.
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