Ellie Mae Inc (ELLI) Files Form 4 Insider Selling : Gates Cathleen Schreiner Sells 2,645 Shares

Ellie Mae Inc (ELLI): Gates Cathleen Schreiner , EVP, Sales & Marketing of Ellie Mae Inc sold 2,645 shares on May 17, 2016. The Insider selling transaction was reported by the company on May 18, 2016 to the Securities and Exchange Commission. The shares were sold at $82.00 per share for a total value of $216,890.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 9, 2016, Jonathan Corr (President & CEO) sold 3,500 shares at $75.56 per share price.On May 3, 2016, Edgar Luce (Chief Financial Officer) sold 5,000 shares at $81.46 per share price.Also, On May 3, 2016, Gates Cathleen Schreiner (EVP, Sales & Marketing) sold 2,502 shares at $83.62 per share price.On Mar 30, 2016, Joseph P. Tyrrell (EVP, Corporate Strategy) sold 2,580 shares at $85.35 per share price.

Ellie Mae Inc: On Thursday, May 19, 2016 heightened volatility was witnessed in Ellie Mae Inc which led to swings in the share price. The shares opened for trading at $78.32 and hit $79.21 on the upside , eventually ending the session at $78.77, with a gain of 0.22% or 0.17 points. The heightened volatility saw the trading volume jump to 4,80,141 shares. The 52-week high of the share price is $94.2 and the company has a market cap of $2,362 M . The 52-week low of the share price is at $57.88.

Ellie Mae Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Ellie Mae Inc is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 98 from a previous price target of $92 .The Rating was issued on Apr 29, 2016.Ellie Mae Inc is Reiterated by FBR Capital to Mkt Perform and the brokerage firm has raised the Price Target to $ 85 from a previous price target of $75 .The Rating was issued on Apr 29, 2016.Ellie Mae Inc is Reiterated by Needham to Buy and the brokerage firm has raised the Price Target to $ 100 from a previous price target of $88 .The Rating was issued on Mar 4, 2016.

Ellie Mae Inc. (Ellie Mae) is a provider of on-demand software solutions and services for the residential mortgage industry in the United States. The Company’s Encompass mortgage management solution provides one system of record that allows banks credit unions and mortgage lenders to originate and fund mortgages. The Encompass mortgage management solution 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 that provides one system of record. The Company delivers Encompass software in an on-demand Software-as-a-Service (SaaS). The Company also hosts the Ellie Mae Network.

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