We Are One Seven LLC Buys 927 Shares of Ellie Mae Inc (ELLI)

We Are One Seven LLC boosted its stake in shares of Ellie Mae Inc (NYSE:ELLI) by 238.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,316 shares of the software maker’s stock after acquiring an additional 927 shares during the quarter. We Are One Seven LLC’s holdings in Ellie Mae were worth $121,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Ellie Mae by 45.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,941 shares of the software maker’s stock valued at $174,000 after buying an additional 602 shares in the last quarter. Barings LLC purchased a new stake in shares of Ellie Mae in the fourth quarter valued at approximately $201,000. M&T Bank Corp purchased a new stake in shares of Ellie Mae in the first quarter valued at approximately $206,000. ETRADE Capital Management LLC purchased a new stake in shares of Ellie Mae during the first quarter worth approximately $215,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Ellie Mae during the first quarter worth approximately $231,000.

In other Ellie Mae news, Director A Barr Dolan sold 3,000 shares of the company’s stock in a transaction dated Tuesday, May 1st. The stock was sold at an average price of $95.52, for a total transaction of $286,560.00. Following the sale, the director now owns 8,053 shares in the company, valued at approximately $769,222.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Matthew Lavay sold 20,320 shares of the company’s stock in a transaction dated Tuesday, June 5th. The stock was sold at an average price of $107.77, for a total value of $2,189,886.40. Following the sale, the chief financial officer now owns 23,505 shares in the company, valued at approximately $2,533,133.85. The disclosure for this sale can be found here. Insiders sold a total of 43,181 shares of company stock worth $4,428,192 in the last quarter. Company insiders own 3.14% of the company’s stock.

Several analysts recently commented on the company. Zacks Investment Research upgraded Ellie Mae from a “sell” rating to a “strong-buy” rating and set a $113.00 price target for the company in a research report on Wednesday, May 2nd. Wedbush reissued an “underperform” rating and set a $69.00 price objective on shares of Ellie Mae in a research note on Friday, April 27th. KeyCorp reissued a “buy” rating and set a $120.00 price objective on shares of Ellie Mae in a research note on Wednesday, March 21st. Zelman & Associates raised Ellie Mae from a “sell” rating to a “hold” rating in a research note on Friday, April 20th. Finally, Compass Point reissued a “sell” rating and set a $60.00 price objective (up previously from $58.75) on shares of Ellie Mae in a research note on Friday, April 27th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $100.27.

ELLI stock opened at $111.26 on Thursday. The firm has a market capitalization of $3.69 billion, a P/E ratio of 108.02, a PEG ratio of 6.96 and a beta of 0.58. Ellie Mae Inc has a 12-month low of $79.71 and a 12-month high of $114.95.

Ellie Mae (NYSE:ELLI) last posted its quarterly earnings data on Thursday, April 26th. The software maker reported $0.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.25. The firm had revenue of $117.91 million for the quarter, compared to the consensus estimate of $108.80 million. Ellie Mae had a return on equity of 5.73% and a net margin of 10.28%. The company’s quarterly revenue was up 26.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.25 EPS. research analysts forecast that Ellie Mae Inc will post 0.86 earnings per share for the current fiscal year.

About Ellie Mae

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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