Tremblant Capital Group purchased a new position in shares of Ellie Mae Inc (NYSE:ELLI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 50,608 shares of the software maker’s stock, valued at approximately $4,524,000. Ellie Mae comprises about 0.2% of Tremblant Capital Group’s portfolio, making the stock its 27th largest position. Tremblant Capital Group owned 0.15% of Ellie Mae as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Ellie Mae by 45.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,941 shares of the software maker’s stock valued at $174,000 after acquiring an additional 602 shares during the last quarter. Rhumbline Advisers lifted its stake in Ellie Mae by 1.5% during the third quarter. Rhumbline Advisers now owns 41,615 shares of the software maker’s stock valued at $3,418,000 after buying an additional 607 shares in the last quarter. Advisor Group Inc. increased its holdings in shares of Ellie Mae by 69.3% in the 3rd quarter. Advisor Group Inc. now owns 1,717 shares of the software maker’s stock valued at $140,000 after purchasing an additional 703 shares during the period. Stifel Financial Corp increased its holdings in shares of Ellie Mae by 42.5% in the 3rd quarter. Stifel Financial Corp now owns 3,502 shares of the software maker’s stock valued at $288,000 after purchasing an additional 1,044 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Ellie Mae by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 280,755 shares of the software maker’s stock valued at $25,099,000 after purchasing an additional 1,289 shares during the period.
In other news, insider Sigmund Anderman sold 18,726 shares of the company’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $88.80, for a total transaction of $1,662,868.80. Following the completion of the sale, the insider now directly owns 81,087 shares in the company, valued at approximately $7,200,525.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Gates Cathleen Schreiner sold 2,881 shares of the company’s stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $92.08, for a total value of $265,282.48. Following the sale, the executive vice president now owns 44,730 shares of the company’s stock, valued at $4,118,738.40. The disclosure for this sale can be found here. Insiders sold a total of 83,917 shares of company stock valued at $7,676,058 over the last 90 days. 3.39% of the stock is currently owned by corporate insiders.
Ellie Mae Inc (NYSE ELLI) traded down $0.04 during trading hours on Wednesday, hitting $96.04. The company’s stock had a trading volume of 169,865 shares, compared to its average volume of 400,990. The firm has a market cap of $3,279.48, a price-to-earnings ratio of 65.24, a price-to-earnings-growth ratio of 8.13 and a beta of 0.63. Ellie Mae Inc has a 52-week low of $79.71 and a 52-week high of $114.95.
Ellie Mae (NYSE:ELLI) last posted its earnings results on Thursday, February 8th. The software maker reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The business had revenue of $112.89 million for the quarter, compared to analyst estimates of $108.27 million. Ellie Mae had a return on equity of 5.39% and a net margin of 12.67%. The firm’s revenue was up 17.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.46 EPS. sell-side analysts predict that Ellie Mae Inc will post 0.78 earnings per share for the current fiscal year.
A number of equities research analysts have issued reports on the company. Stephens reaffirmed a “hold” rating and set a $92.00 target price on shares of Ellie Mae in a research report on Friday, February 9th. Zacks Investment Research raised Ellie Mae from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a research report on Friday, February 9th. KeyCorp increased their price objective on Ellie Mae from $118.00 to $120.00 and gave the company an “overweight” rating in a research report on Monday, February 5th. Oppenheimer reaffirmed a “buy” rating and issued a $110.00 target price on shares of Ellie Mae in a research report on Thursday, February 1st. Finally, Morgan Stanley increased their price objective on Ellie Mae from $101.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Ellie Mae has an average rating of “Buy” and an average price target of $106.58.
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Ellie Mae Company 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.
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