Monday, October 23, 2017 10:15 PM ET
Ellie Mae (ELLI) sees Significant Insider Selling Continuing
There was a substantial sale of shares of Ellie Mae by an insider today, as revealed in a form 4 document filed with the SEC. One insider — Sigmund Anderman, Director and Officer — sold 12,000 shares in the company having a market value of approximately $1,070,864. There have been 4 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 5,976 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 17,976 shares and have averaged 3,595 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Ellie Mae is higher than its 62-company peer group average. The Enterprise Software peer group saw 179 buy/sell trades during this period for an average of 2.9 transactions per company. However, the number of shares traded per transaction by Ellie Mae insiders is lower than its peers. Within the peer group there were 345,888 shares purchased and 7,557,448 shares sold with company insiders having sold 40,288 shares on average over this time period.
For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data obtained to evaluate and write this story.
Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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