Manchester Capital Management LLC bought a new position in Ellie Mae Inc (NYSE:ELLI) in the 1st quarter, HoldingsChannel reports. The fund bought 364 shares of the software maker’s stock, valued at approximately $36,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Great West Life Assurance Co. Can boosted its holdings in shares of Ellie Mae by 20.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 4,713 shares of the software maker’s stock worth $464,000 after buying an additional 801 shares during the period. Water Island Capital LLC bought a new stake in Ellie Mae in the 1st quarter valued at $58,841,000. IndexIQ Advisors LLC bought a new stake in Ellie Mae in the 1st quarter valued at $47,467,000. Perella Weinberg Partners Capital Management LP bought a new stake in Ellie Mae in the 1st quarter valued at $2,921,000. Finally, Cetera Advisor Networks LLC bought a new stake in Ellie Mae in the 1st quarter valued at $306,000.
A number of analysts have weighed in on the stock. Zacks Investment Research raised shares of Ellie Mae from a “sell” rating to a “hold” rating in a report on Friday, April 12th. William Blair downgraded shares of Ellie Mae from an “outperform” rating to a “market perform” rating in a report on Thursday, February 14th. Susquehanna Bancshares raised shares of Ellie Mae from a “negative” rating to a “neutral” rating and increased their price target for the company from $53.00 to $99.00 in a report on Wednesday, February 13th. ValuEngine raised shares of Ellie Mae from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th. Finally, Roth Capital downgraded shares of Ellie Mae from a “buy” rating to a “neutral” rating and reduced their price target for the company from $100.00 to $99.00 in a report on Tuesday, February 12th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. Ellie Mae presently has an average rating of “Hold” and an average target price of $86.43.
In other news, Director Sigmund Anderman sold 265 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $98.80, for a total transaction of $26,182.00. Following the completion of the transaction, the director now directly owns 5,193 shares of the company’s stock, valued at approximately $513,068.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Gates Cathleen Schreiner sold 2,019 shares of the firm’s stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $99.06, for a total transaction of $200,002.14. Following the transaction, the executive vice president now directly owns 35,692 shares of the company’s stock, valued at $3,535,649.52. The disclosure for this sale can be found here. Insiders have sold a total of 21,776 shares of company stock valued at $2,154,389 over the last ninety days. 3.14% of the stock is owned by insiders.
NYSE:ELLI opened at $98.99 on Friday. The stock has a market cap of $3.44 billion, a PE ratio of 96.11, a price-to-earnings-growth ratio of 7.05 and a beta of 1.40. Ellie Mae Inc has a 52 week low of $58.49 and a 52 week high of $116.90.
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About Ellie Mae
Ellie Mae, Inc provides cloud-based platform for the mortgage finance industry in the United States. It provides Encompass, an enterprise solution that engages in running the business of originating mortgages, including marketing and 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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