Wednesday, February 28, 2018 10:15 PM ET
Significant Insider Sales Reported in Shares of Ellie Mae (ELLI) Extending the Trend of Last Quarter
There was substantial level of selling of Ellie Mae shares by insiders today, as disclosed in form 4 documents filed with the SEC. Three insiders — Jonathan Corr, Director and Officer, Joseph P Tyrrell, Officer, and Gates Cathleen Schreiner, Officer — sold 12,136 shares in the company having a market value of approximately $1,129,053. There have been 6 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 79,238 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 91,374 shares and have averaged 10,153 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 154 buy/sell trades during this period for an average of 2.4 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 565,436 shares purchased and 8,443,955 shares sold with company insiders disposing of 51,159 shares on average over this time period.
The data sourced in evaluating 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.
Today’s Insider Activity
* Jonathan Corr, Director and Officer, sold 6,972 shares
* Joseph P Tyrrell, Officer, sold 2,582 shares
* Gates Cathleen Schreiner, Officer, sold 2,582 shares
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