Ellie Mae Inc (ELLI) : Tekne Capital Management has sold out all of its stake in Ellie Mae Inc during the most recent quarter, according to the disclosure filed by the company on Nov 14, 2016 with the SEC. The investment management company has sold out 197,122 shares of Ellie Mae Inc which is valued at $16,741,571.
Other Hedge Funds, Including , Highbridge Capital Management sold out all of its stake in ELLI during the most recent quarter. The investment firm sold 10,862 shares of ELLI which is valued $1,009,514.Geode Capital Management boosted its stake in ELLI in the latest quarter, The investment management firm added 22,325 additional shares and now holds a total of 221,385 shares of Ellie Mae Inc which is valued at $21,157,764. Ellie Mae Inc makes up approx 0.01% of Geode Capital Management’s portfolio. Sg Americas Securities added ELLI to its portfolio by purchasing 4,933 company shares during the most recent quarter which is valued at $518,902. Ellie Mae Inc makes up approx 0.01% of Sg Americas Securities’s portfolio.Teacher Retirement System Of Texas reduced its stake in ELLI by selling 628 shares or 15.06% in the most recent quarter. The Hedge Fund company now holds 3,541 shares of ELLI which is valued at $365,644.
Ellie Mae Inc opened for trading at $81.73 and hit $83.05 on the upside on Monday, eventually ending the session at $82.26, with a gain of 0.62% or 0.51 points. The heightened volatility saw the trading volume jump to 15,05,495 shares. Company has a market cap of $2,761 M.
On the company’s financial health, Ellie Mae Inc reported $0.72 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Oct 27, 2016. Analyst had a consensus of $0.59. The company had revenue of $100.38 million for the quarter, compared to analysts expectations of $92.50 million. The company’s revenue was up 45.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS.
Many Wall Street Analysts have commented on Ellie Mae Inc. Shares were Downgraded by RBC Capital Mkts on Nov 17, 2016 to ” Sector Perform” and Lowered the Price Target to $ 90 from a previous price target of $114 .Ellie Mae Inc was Initiated by JP Morgan to “Overweight” on Sep 9, 2016.
Ellie Mae Inc. (Ellie Mae) is a provider of on-demand software solutions and services for the residential mortgage industry in the United States. The Companys Encompass mortgage management solution provides one system of record that allows banks credit unions and mortgage lenders to originate and fund mortgages. The Encompass mortgage management solution 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 that provides one system of record. The Company delivers Encompass software in an on-demand Software-as-a-Service (SaaS). The Company also hosts the Ellie Mae Network.