Allen Investment Management LLC maintained its stake in Ellie Mae Inc (NASDAQ:ELLI) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,995 shares of the company’s stock at the end of the third quarter. Allen Investment Management LLC’s holdings in Ellie Mae were worth $737,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. Winslow Evans & Crocker Inc. increased its position in Ellie Mae by 120.0% in the third quarter. Winslow Evans & Crocker Inc. now owns 1,100 shares of the company’s stock worth $116,000 after buying an additional 600 shares in the last quarter. Advisor Group Inc. increased its position in Ellie Mae by 9.2% in the third quarter. Advisor Group Inc. now owns 1,130 shares of the company’s stock worth $119,000 after buying an additional 95 shares in the last quarter. Eagle Boston Investment Management Inc. bought a new position in Ellie Mae during the third quarter worth $204,000. Gilder Gagnon Howe & Co. LLC bought a new position in Ellie Mae during the second quarter worth $269,000. Finally, Pacer Advisors Inc. bought a new position in Ellie Mae during the third quarter worth $291,000.
Ellie Mae Inc (NASDAQ:ELLI) opened at 98.29 on Friday. The company has a market capitalization of $3.30 billion and a P/E ratio of 98.98. Ellie Mae Inc has a 52-week low of $72.69 and a 52-week high of $109.99. The stock’s 50 day moving average is $85.30 and its 200-day moving average is $92.64.
Ellie Mae (NASDAQ:ELLI) last posted its quarterly earnings data on Thursday, February 9th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.49 by $0.08. The business had revenue of $96.20 million for the quarter, compared to the consensus estimate of $88.73 million. During the same period in the previous year, the firm earned $0.44 EPS. The company’s revenue was up 48.2% on a year-over-year basis. Analysts predict that Ellie Mae Inc will post $2.17 EPS for the current fiscal year.
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A number of research analysts have recently weighed in on ELLI shares. Zacks Investment Research raised shares of Ellie Mae from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a research report on Wednesday, December 7th. Needham & Company LLC reissued a “buy” rating on shares of Ellie Mae in a research report on Friday. Morgan Stanley started coverage on shares of Ellie Mae in a research report on Thursday, January 12th. They set an “equal weight” rating and a $95.00 target price for the company. Oppenheimer Holdings, Inc. reissued an “outperform” rating on shares of Ellie Mae in a research report on Tuesday, December 20th. Finally, Pacific Crest reissued an “overweight” rating on shares of Ellie Mae in a research report on Saturday, January 7th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Ellie Mae currently has an average rating of “Buy” and an average target price of $108.30.
In other Ellie Mae news, Director A Barr Dolan sold 5,000 shares of Ellie Mae stock in a transaction dated Thursday, December 15th. The shares were sold at an average price of $80.65, for a total value of $403,250.00. Following the completion of the transaction, the director now directly owns 9,368 shares of the company’s stock, valued at $755,529.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Gates Cathleen Schreiner sold 13,019 shares of Ellie Mae stock in a transaction dated Tuesday, January 3rd. The stock was sold at an average price of $84.42, for a total transaction of $1,099,063.98. Following the completion of the transaction, the executive vice president now directly owns 32,653 shares of the company’s stock, valued at $2,756,566.26. The disclosure for this sale can be found here. Insiders have sold 30,133 shares of company stock worth $2,523,487 in the last three months.
Ellie Mae Company Profile
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 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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