Sylebra HK Co Ltd Has $102.98 Million Stake in Ellie Mae Inc (ELLI)

Sylebra HK Co Ltd grew its position in Ellie Mae Inc (NYSE:ELLI) by 10.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,120,054 shares of the software maker’s stock after purchasing an additional 102,013 shares during the period. Ellie Mae comprises about 8.4% of Sylebra HK Co Ltd’s portfolio, making the stock its 4th largest position. Sylebra HK Co Ltd’s holdings in Ellie Mae were worth $102,978,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ELLI. Carillon Tower Advisers Inc. purchased a new stake in Ellie Mae during the fourth quarter worth about $32,241,000. Brown Capital Management LLC increased its holdings in Ellie Mae by 11.9% during the fourth quarter. Brown Capital Management LLC now owns 2,775,314 shares of the software maker’s stock worth $248,113,000 after buying an additional 295,702 shares during the last quarter. HMI Capital LLC purchased a new stake in Ellie Mae during the fourth quarter worth about $21,009,000. Calamos Advisors LLC purchased a new stake in Ellie Mae during the fourth quarter worth about $17,989,000. Finally, Amundi Pioneer Asset Management Inc. purchased a new stake in Ellie Mae during the fourth quarter worth about $13,287,000.

Shares of Ellie Mae traded up $1.36, hitting $112.62, during trading hours on Thursday, according to MarketBeat. The company’s stock had a trading volume of 2,963 shares, compared to its average volume of 484,511. The company has a market capitalization of $3.69 billion, a price-to-earnings ratio of 109.23, a PEG ratio of 6.96 and a beta of 0.58. 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, April 26th. The software maker reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.25. The firm had revenue of $117.91 million during the quarter, compared to the consensus estimate of $108.80 million. Ellie Mae had a net margin of 10.28% and a return on equity of 5.73%. The company’s revenue was up 26.8% on a year-over-year basis. During the same quarter last year, the company earned $0.25 earnings per share. research analysts expect that Ellie Mae Inc will post 0.86 earnings per share for the current year.

In other news, CFO Matthew Lavay sold 20,320 shares of Ellie Mae stock in a transaction dated Tuesday, June 5th. The shares were sold at an average price of $107.77, for a total value of $2,189,886.40. Following the completion of the transaction, the chief financial officer now owns 23,505 shares in the company, valued at $2,533,133.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Brian E. Brown sold 465 shares of Ellie Mae stock in a transaction dated Tuesday, April 3rd. The stock was sold at an average price of $91.95, for a total transaction of $42,756.75. Following the completion of the transaction, the executive vice president now owns 17,708 shares of the company’s stock, valued at approximately $1,628,250.60. The disclosure for this sale can be found here. Insiders sold 43,181 shares of company stock valued at $4,428,192 in the last quarter. Corporate insiders own 3.14% of the company’s stock.

A number of analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Ellie Mae from a “sell” rating to a “strong-buy” rating and set a $113.00 price objective for the company in a report on Wednesday, May 2nd. Wedbush restated an “underperform” rating and set a $69.00 price objective on shares of Ellie Mae in a report on Friday, April 27th. Compass Point restated a “sell” rating and set a $60.00 price objective (up previously from $58.75) on shares of Ellie Mae in a report on Friday, April 27th. KeyCorp restated a “buy” rating and set a $120.00 price objective on shares of Ellie Mae in a report on Tuesday, April 24th. Finally, Zelman & Associates upgraded shares of Ellie Mae from a “sell” rating to a “hold” rating in a report on Friday, April 20th. Two analysts have rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $100.27.

Ellie Mae Company Profile

Ellie Mae, Inc provides cloud-based platform for the mortgage finance industry in the United States. The company provides Encompass, a proprietary software solution that combines lead management; loan origination and processing; underwriting; preparation of mortgage applications, disclosure agreements, and closing documents; loan funding and closing; compliance with regulatory and investor requirements; and enterprise management.

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

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