Ellie Mae Inc (ELLI) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lowered its position in Ellie Mae Inc (NYSE:ELLI) by 21.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,668 shares of the software maker’s stock after selling 2,112 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Ellie Mae were worth $630,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ELLI. Advisor Group Inc. increased its holdings in shares of Ellie Mae by 13.2% in the second quarter. Advisor Group Inc. now owns 1,014 shares of the software maker’s stock worth $112,000 after purchasing an additional 118 shares during the period. Victory Capital Management Inc. bought a new position in shares of Ellie Mae in the third quarter worth $139,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Ellie Mae by 9.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,339 shares of the software maker’s stock worth $147,000 after purchasing an additional 119 shares during the period. Bank of Montreal Can increased its stake in Ellie Mae by 1.4% in the second quarter. Bank of Montreal Can now owns 1,817 shares of the software maker’s stock valued at $200,000 after acquiring an additional 25 shares during the last quarter. Finally, Stifel Financial Corp bought a new position in Ellie Mae in the second quarter valued at $270,000.

Shares of Ellie Mae Inc (NYSE ELLI) traded up $1.28 during trading hours on Friday, hitting $96.38. The stock had a trading volume of 194,295 shares, compared to its average volume of 366,688. Ellie Mae Inc has a 52-week low of $79.71 and a 52-week high of $114.95. The company has a market capitalization of $3,330.00, a PE ratio of 63.83, a P/E/G ratio of 12.40 and a beta of 0.29.

Ellie Mae (NYSE:ELLI) last announced its quarterly earnings data on Thursday, October 26th. The software maker reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.13. Ellie Mae had a return on equity of 6.39% and a net margin of 13.45%. The firm had revenue of $107.00 million for the quarter, compared to analysts’ expectations of $105.62 million. During the same period last year, the firm earned $0.60 earnings per share. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. research analysts predict that Ellie Mae Inc will post 0.9 earnings per share for the current fiscal year.

A number of research firms recently commented on ELLI. Barclays raised Ellie Mae from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $100.00 to $114.00 in a research note on Tuesday. Zacks Investment Research raised Ellie Mae from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Royal Bank of Canada reissued a “hold” rating and issued a $90.00 target price on shares of Ellie Mae in a research note on Tuesday, October 10th. Needham & Company LLC reissued a “buy” rating on shares of Ellie Mae in a research note on Sunday, October 29th. Finally, KeyCorp reissued a “buy” rating and issued a $116.00 target price on shares of Ellie Mae in a research note on Sunday, November 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $108.50.

In other news, CEO Jonathan Corr sold 2,211 shares of the stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $87.52, for a total transaction of $193,506.72. Following the completion of the sale, the chief executive officer now directly owns 116,002 shares in the company, valued at $10,152,495.04. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Sigmund Anderman sold 12,000 shares of the stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $89.24, for a total transaction of $1,070,880.00. Following the sale, the insider now owns 98,321 shares of the company’s stock, valued at $8,774,166.04. The disclosure for this sale can be found here. Insiders have sold 76,870 shares of company stock worth $6,903,140 over the last ninety days. Insiders own 3.39% of the company’s stock.

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Ellie Mae Profile

Ellie Mae, Inc is a provider of on-demand software solutions and services for the residential mortgage industry in the United States. Banks, credit unions, mortgage lenders and mortgage brokers use the Company’s Encompass mortgage management solution to originate and fund mortgages. The Company’s Encompass software is an enterprise solution that 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.

Institutional Ownership by Quarter for Ellie Mae (NYSE:ELLI)

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