Ellie Mae (ELLI) Insiders Make Significant Share Sales Extending the Trend of Last Quarter

Tuesday, February 20, 2018 10:15 PM ET

Ellie Mae (ELLI) Insiders Make Significant Share Sales Extending the Trend of Last Quarter

There was significant selling of Ellie Mae shares by insiders today, as disclosed in form 4 documents filed with the SEC. Six insiders listed below, sold 38,618 shares in the company having a market value of approximately $3,463,440. There have been 2 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 45,780 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 84,398 shares and have averaged 10,550 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Ellie Mae is above its 64-company peer group average. The Enterprise Software peer group saw 136 buy/sell trades during this period for an average of 2.1 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 739,109 shares purchased and 7,672,222 shares sold with company insiders having sold 50,979 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 used to evaluate and write this story.

Today’s Insider Activity
* Jonathan Corr, Director and Officer, sold 19,369 shares
* Sigmund Anderman, Director and Officer, sold 6,250 shares
* Joseph P Tyrrell, Officer, sold 4,383 shares
* Gates Cathleen Schreiner, Officer, sold 4,383 shares
* Peter Hirsch, Officer, sold 3,177 shares
* Matthew Lavay, Officer, sold 1,056 shares

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.

For more information, contact UpTick at info@uptickdata.com. Copyright 2018 UpTick Data Technologies. All rights reserved.

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