Ellie Mae Sees Unusually Large Options Volume (ELLI)

Ellie Mae Inc (NYSE:ELLI) was the target of some unusual options trading on Thursday. Stock investors acquired 688 put options on the company. This represents an increase of 1,151% compared to the average daily volume of 55 put options.

A number of brokerages recently commented on ELLI. Royal Bank of Canada upgraded Ellie Mae from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $90.00 to $105.00 in a research note on Wednesday, October 18th. KeyCorp restated a “buy” rating and set a $116.00 price objective on shares of Ellie Mae in a research note on Sunday, November 19th. Oppenheimer restated a “buy” rating and set a $110.00 price objective on shares of Ellie Mae in a research note on Thursday, February 1st. Barclays upgraded Ellie Mae from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $100.00 to $114.00 in a research note on Tuesday, January 9th. Finally, Bank of America lowered their price objective on Ellie Mae from $115.00 to $110.00 and set a “buy” rating for the company in a research note on Friday. One analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company’s stock. Ellie Mae has a consensus rating of “Buy” and a consensus price target of $105.89.

In other news, insider Sigmund Anderman sold 18,726 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $88.80, for a total value of $1,662,868.80. Following the completion of the sale, the insider now directly owns 81,087 shares in the company, valued at approximately $7,200,525.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Gates Cathleen Schreiner sold 1,900 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $86.01, for a total value of $163,419.00. Following the completion of the sale, the executive vice president now owns 43,149 shares of the company’s stock, valued at $3,711,245.49. The disclosure for this sale can be found here. Insiders sold a total of 59,721 shares of company stock valued at $5,402,858 over the last quarter. Company insiders own 3.39% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. 1st Global Advisors Inc. grew its stake in shares of Ellie Mae by 0.7% in the second quarter. 1st Global Advisors Inc. now owns 4,554 shares of the software maker’s stock worth $501,000 after purchasing an additional 30 shares in the last quarter. Prudential Financial Inc. grew its stake in shares of Ellie Mae by 3.2% in the second quarter. Prudential Financial Inc. now owns 3,590 shares of the software maker’s stock worth $395,000 after purchasing an additional 110 shares in the last quarter. Advisor Group Inc. grew its stake in shares of Ellie Mae by 13.2% in the second quarter. Advisor Group Inc. now owns 1,014 shares of the software maker’s stock worth $112,000 after purchasing an additional 118 shares in the last quarter. Ameritas Investment Partners Inc. grew its stake in shares of Ellie Mae by 5.0% in the second quarter. Ameritas Investment Partners Inc. now owns 2,972 shares of the software maker’s stock worth $327,000 after purchasing an additional 141 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Ellie Mae by 45.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,941 shares of the software maker’s stock worth $174,000 after purchasing an additional 602 shares in the last quarter.

Ellie Mae (NYSE ELLI) opened at $90.53 on Friday. Ellie Mae has a 52 week low of $79.71 and a 52 week high of $114.95. The company has a market capitalization of $3,013.63, a price-to-earnings ratio of 61.17, a P/E/G ratio of 7.97 and a beta of 0.57.

Ellie Mae (NYSE:ELLI) last released its quarterly earnings results on Thursday, February 8th. The software maker reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.01. Ellie Mae had a return on equity of 5.43% and a net margin of 12.67%. The company had revenue of $112.89 million during the quarter, compared to analysts’ expectations of $108.27 million. During the same quarter in the prior year, the business posted $0.46 earnings per share. The company’s revenue for the quarter was up 17.3% compared to the same quarter last year. sell-side analysts forecast that Ellie Mae will post 0.73 EPS for the current year.

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Ellie Mae Company Profile

Ellie Mae, Inc is a provider of on-demand software solutions and services for the residential mortgage industry in the United States. Banks, credit unions, mortgage lenders and mortgage brokers use the Company’s Encompass mortgage management solution to originate and fund mortgages. The Company’s Encompass software is an enterprise solution that 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.

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