Ellie Mae Inc (ELLI) Files Form 4 Insider Selling : Robert J Levin Sells 635 Shares

Ellie Mae Inc (ELLI): Robert J Levin , director of Ellie Mae Inc sold 635 shares on Jun 20, 2016. The Insider selling transaction was reported by the company on Jun 21, 2016 to the Securities and Exchange Commission. The shares were sold at $86.06 per share for a total value of $54,648.10 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 21, 2016, A Barr Dolan (director) sold 635 shares at $86.06 per share price.On Jun 21, 2016, Karen Blasing (director) sold 1,208 shares at $86.06 per share price.Also, On Jun 8, 2016, Jonathan Corr (President & CEO) sold 3,500 shares at $84.35 per share price.On Jun 7, 2016, Gates Cathleen Schreiner (EVP, Sales & Marketing) sold 225 shares at $63.37 per share price.

Ellie Mae Inc: On Monday, Jun 20, 2016 heightened volatility was witnessed in Ellie Mae Inc which led to swings in the share price. The shares opened for trading at $86.06 and hit $87.48 on the upside , eventually ending the session at $86.18, with a gain of 1.65% or 1.4 points. The heightened volatility saw the trading volume jump to 3,15,144 shares. The 52-week high of the share price is $94.2 and the company has a market cap of $2,584 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. (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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