Wednesday, January 03, 2018 10:15 PM ET
Ellie Mae (ELLI) sees Significant Insider Selling Continuing
One insider — Sigmund Anderman, Director and Officer — today, sold 35,960 shares of Ellie Mae having a market value of approximately $3,223,709, as revealed in a form 4 document filed with the SEC. There have been 3 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 30,420 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 66,380 shares and have averaged 16,595 shares per transaction over this time period.
The number of insider buy/sell trades at Ellie Mae is above that of the 64 peer company average over the last 90-day period. The Enterprise Software peer group saw 149 buy/sell trades during this period for an average of 2.3 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 1,441,965 shares purchased and 7,340,015 shares sold with company insiders having sold 39,584 shares on average over this time period.
The data sourced in creating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
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