ShearLink Capital LLC Takes Position in Ellie Mae Inc (ELLI)

ShearLink Capital LLC acquired a new stake in shares of Ellie Mae Inc (NASDAQ:ELLI) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 129,450 shares of the company’s stock, valued at approximately $10,832,000. Ellie Mae makes up about 3.6% of ShearLink Capital LLC’s portfolio, making the stock its 15th largest position. ShearLink Capital LLC owned 0.39% of Ellie Mae as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Emerald Advisers Inc. PA bought a new stake in Ellie Mae during the third quarter valued at about $13,158,000. New York State Common Retirement Fund boosted its stake in Ellie Mae by 16.4% in the third quarter. New York State Common Retirement Fund now owns 485,745 shares of the company’s stock valued at $51,149,000 after buying an additional 68,551 shares during the last quarter. HMS Capital Management LLC bought a new stake in Ellie Mae during the third quarter valued at about $1,475,000. Henderson Group PLC bought a new stake in Ellie Mae during the third quarter valued at about $16,164,000. Finally, Cetera Advisor Networks LLC boosted its stake in Ellie Mae by 1.2% in the third quarter. Cetera Advisor Networks LLC now owns 3,200 shares of the company’s stock valued at $337,000 after buying an additional 38 shares during the last quarter.

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

Ellie Mae Inc (NASDAQ:ELLI) traded down 2.20% on Tuesday, reaching $95.29. 623,117 shares of the company’s stock traded hands. Ellie Mae Inc has a 52 week low of $73.55 and a 52 week high of $109.99. The firm has a 50-day moving average price of $85.96 and a 200-day moving average price of $92.58. The stock has a market capitalization of $3.21 billion and a price-to-earnings ratio of 82.86.

Ellie Mae (NASDAQ:ELLI) last announced its earnings results on Thursday, February 9th. The company reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.08. The business had revenue of $96.20 million for the quarter, compared to analyst estimates of $88.73 million. The company’s quarterly revenue was up 48.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.44 earnings per share. On average, analysts predict that Ellie Mae Inc will post $1.94 earnings per share for the current year.

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ELLI has been the topic of several recent analyst reports. Pacific Crest reiterated an “overweight” rating on shares of Ellie Mae in a research report on Saturday, January 7th. Zacks Investment Research cut shares of Ellie Mae from a “buy” rating to a “hold” rating in a research report on Monday, January 2nd. Royal Bank Of Canada lowered shares of Ellie Mae from an “outperform” rating to a “sector perform” rating and cut their target price for the company from $114.00 to $90.00 in a report on Thursday, November 17th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $120.00 target price (up from $110.00) on shares of Ellie Mae in a report on Friday, October 21st. Finally, RBC Capital Markets lowered shares of Ellie Mae from an “outperform” rating to a “sector perform” rating and cut their target price for the company from $114.00 to $90.00 in a report on Thursday, November 17th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Ellie Mae currently has an average rating of “Buy” and a consensus price target of $108.30.

In related news, CFO Edgar Luce sold 1,650 shares of the stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $84.53, for a total value of $139,474.50. Following the completion of the transaction, the chief financial officer now directly owns 44,889 shares of the company’s stock, valued at approximately $3,794,467.17. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director A Barr Dolan sold 5,000 shares of the stock in a transaction on 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,133 shares of company stock valued at $2,523,487.

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.

5 Day Chart for NASDAQ:ELLI

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