Stock On Watch: Ellie Mae Inc Has Another Very Strong Trading Session

Stock On Watch: Ellie Mae Inc Has Another Very Strong Trading Session

The stock of Ellie Mae Inc (NYSE:ELLI) is a huge mover today! About 1.67M shares traded hands or 378.93% up from the average. Ellie Mae Inc (NYSE:ELLI) has risen 15.34% since March 28, 2016 and is uptrending. It has outperformed by 10.63% the S&P500.
The move comes after 5 months positive chart setup for the $3.38 billion company. It was reported on Oct, 28 by Barchart.com. We have $173.62 PT which if reached, will make NYSE:ELLI worth $2.10B more.

Ellie Mae Inc (NYSE:ELLI) Ratings Coverage

Out of 11 analysts covering Elli Mae (NYSE:ELLI), 8 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 73% are positive. Elli Mae has been the topic of 24 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Friday, October 23 by RBC Capital Markets. Needham maintained the stock with “Buy” rating in Friday, July 31 report. FBR Capital maintained Ellie Mae Inc (NYSE:ELLI) on Friday, April 29 with “Mkt Perform” rating. The stock has “Mkt Perform” rating given by FBR Capital on Friday, February 12. The company was maintained on Friday, July 31 by FBR Capital. The company was maintained on Friday, July 31 by TH Capital. The firm has “Overweight” rating by Barclays Capital given on Friday, July 31. The stock has “Equal Weight” rating given by Barclays Capital on Friday, July 29. Needham maintained the stock with “Buy” rating in Friday, July 29 report. The company was maintained on Tuesday, April 26 by Roth Capital.

According to Zacks Investment Research, “Ellie Mae, Inc. operates electronic mortgage origination networks in the United States. The Company’s network and technology-enabled solutions help streamline and automate the mortgage origination process. Solutions offered by Ellie include Encompass software, a comprehensive operating system that handles key business and management functions involved in running a mortgage origination business, and serves as a gateway to the Ellie Mae Network. Through its solutions the Company also offers services like: automated preparation of the disclosure and closing documents; electronic document management and websites and electronic connectivity. Ellie Mae, Inc. is headquartered in Pleasanton, California.”

Insitutional Activity: The institutional sentiment decreased to 1.04 in 2016 Q2. Its down 0.03, from 1.07 in 2016Q1. The ratio dived, as 26 funds sold all Ellie Mae Inc shares owned while 69 reduced positions. 32 funds bought stakes while 67 increased positions. They now own 31.09 million shares or 5.73% more from 29.41 million shares in 2016Q1.
Vanguard Gru accumulated 2.09M shares or 0.01% of the stock. Bnp Paribas Arbitrage last reported 1,147 shares in the company. Bessemer Grp, a New Jersey-based fund reported 82 shares. Ladenburg Thalmann Fincl Services has 438 shares for 0% of their US portfolio. Deutsche Natl Bank Ag has invested 0% of its portfolio in Ellie Mae Inc (NYSE:ELLI). Blackrock Invest Management Ltd Liability Co, a New Jersey-based fund reported 110,015 shares. Finemark Comml Bank & accumulated 54 shares or 0% of the stock. The Maryland-based Brown Management Lc has invested 2.16% in Ellie Mae Inc (NYSE:ELLI). Wasatch Advsrs Incorporated holds 0.04% of its portfolio in Ellie Mae Inc (NYSE:ELLI) for 27,004 shares. Whale Rock Capital Mngmt Ltd Co has 1.12 million shares for 8.54% of their US portfolio. Cap Ww has 0.01% invested in the company for 325,000 shares. California Employees Retirement holds 0.01% or 61,100 shares in its portfolio. Invesco has invested 0% of its portfolio in Ellie Mae Inc (NYSE:ELLI). Ftb Advisors last reported 0% of its portfolio in the stock. Voya Ltd last reported 12,816 shares in the company.

Insider Transactions: Since May 2, 2016, the stock had 0 insider purchases, and 27 sales for $19.86 million net activity. 2,412 shares were sold by Levinson Marina, worth $231,456 on Tuesday, August 23. Corr Jonathan also sold $352,980 worth of Ellie Mae Inc (NYSE:ELLI) shares. Luce Edgar sold $461,356 worth of Ellie Mae Inc (NYSE:ELLI) on Friday, July 1. SCHREINER GATES CATHLEEN sold 675 shares worth $62,293. The insider HU LIMIN sold $2.13 million. Anderman Sigmund sold $5.32 million worth of stock or 55,000 shares. 3,000 shares with value of $235,238 were sold by DOLAN A BARR on Thursday, May 19.

More recent Ellie Mae Inc (NYSE:ELLI) news were published by: Investorplace.com which released: “Best Stocks of 2016: Ellie Mae Inc (ELLI) Stock Leads the Charge” on October 14, 2016. Also Profitconfidential.com published the news titled: “Ellie Mae Inc: Housing Recovery Could Be Big Boost for ELLI Stock” on July 30, 2016. Fool.com‘s news article titled: “Small Cap Low-Risk Pick No. 3: Ellie Mae Inc.” with publication date: April 08, 2016 was also an interesting one.

ELLI Company Profile

Ellie Mae, Inc. (Ellie Mae), incorporated on October 14, 2009, is a well-known provider of on-demand software solutions and services for the residential mortgage industry in the United States. The Company’s Encompass all-in-one mortgage management solution provides one system of record that allows banks, credit unions, and mortgage lenders to originate and fund mortgages and improve compliance, loan quality, and efficiency.

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