Jericho Capital Asset Management LP Decreased Its Stake in Ellie Mae INC (ELLI) by $15.03 Million

Ellie Mae, Inc. (NYSE:ELLI) Corporate LogoDuring Q2 2018 the big money sentiment increased to 1.15. That’s change of 0.30, from 2018Q1’s 0.85. 32 investors sold all, 42 reduced holdings as ELLI ratio improved. 66 grew stakes while 19 funds acquired stakes. Funds hold 41.13 million shares thus 10.54% more from 2018Q1’s 37.21 million shares. Eminence LP invested in 3.29 million shs. Morgan Stanley has 739,581 shs for 0.02% of their capital. 4,849 are held by First Mercantile Company. Amundi Pioneer Asset Mgmt owns 235,930 shs for 0.04% of their capital. 10 were reported by Tci Wealth Advsrs Incorporated. Brown Limited Com holds 3.63M shs or 3.87% of its capital. United Capital Financial Advisers Limited Com has invested 0.06% in Ellie Mae, Inc. (NYSE:ELLI). Invesco Limited holds 0% or 17,855 shs. Mackay Shields Lc has 0% invested in Ellie Mae, Inc. (NYSE:ELLI) for 3,400 shs. Van Berkom & Associate Incorporated holds 2.17% or 719,436 shs in its capital. Wealthtrust holds 151 shs. 3,527 are owned by First Foundation Advsrs. Moreover, Barclays Pcl has 0% invested in Ellie Mae, Inc. (NYSE:ELLI) for 30,604 shs. Frontier Cap Mngmt Ltd owns 0.23% invested in Ellie Mae, Inc. (NYSE:ELLI) for 319,075 shs. Tiaa Cref Inv Management Llc invested 0.01% in Ellie Mae, Inc. (NYSE:ELLI).

ELLI had 25 selling transactions and 0 insider buys since May 11, 2018. This’s net activity of $7.39 million. Corr Jonathan sold $61,533 worth of stock. Shares for $96,897 were sold by Levinson Marina. On Tuesday, June 12 222 shs were sold by LaVay Matthew, worth $24,293. On Friday, May 18 946 shs were sold by DOLAN A BARR, worth $96,795. On Tuesday, May 29 Shares for $257,886 were sold by SPENCER JEB S.. 1,893 shs were sold by BUCCELLATO CARL, worth $193,692 on Friday, May 18.

In Ellie Mae Inc (ELLI) was decreased the stake held by Jericho Capital Asset Management Lp. The decrease is 20.12% according to 2018Q2 SEC filling. The company’s stock declined 8.08% while stock markets rallied as Jericho Capital Asset Management Lp sold 145,924 shares. The technology company at the end of 2018Q2 was valued at $60.17M. It’s down from 725,338 at the end of the previous reported quarter. Now it had 579,414 shares held by the hedge fund . Jericho Capital Asset Management Lp has risen its stake in Vmware Inc (NYSE:VMW) and also increased its holding in Momo Inc by 4.27M shares in the quarter, for a total of 5.31 million shares.

For more Ellie Mae, Inc. (NYSE:ELLI) news released recently go to: Benzinga.com, Fool.com, Fool.com, Nasdaq.com or Fool.com. The titles are as follows: “This Week In Cryptocurrency: Bitcoin Cash Soars, Square’s Bitcoin Trading Revenue” released on November 09, 2018, “3 Top Small-Cap Stocks to Buy Right Now” on November 05, 2018, “A Roundup of Last Week’s Financial-Sector Earnings” with a publish date: October 31, 2018, “Consolidated Research: 2018 Summary Expectations for Energy Recovery, Ellie Mae, Columbia Sportswear, ARRIS …” and the last “Why Ellie Mae Is Tanking Today” with publication date: October 26, 2018.

Ellie Mae, Inc. (NYSE:ELLI) Ratings Coverage

A total of 10 analysts rate Ellie Mae Inc (NYSE:ELLI) as follows: 3 “Buy”, 5 “Hold” and 2 “Sell”. Тherefore 30% are bullish. (NYSE:ELLI) has 12 ratings reports on Nov 10, 2018 according to StockzIntelligence. On Friday, October 26 the firm has “Sector Perform” rating given by RBC Capital Markets. On Friday, October 26 the firm has “Underweight” rating given by JP Morgan. On Thursday, June 21 the company was downgraded by JP Morgan. On Friday, October 26 Barclays Capital downgraded Ellie Mae, Inc. (NYSE:ELLI) to “Equal-Weight” rating. The stock rating was downgraded by J.P. Morgan to “Hold” on Thursday, June 21. On Wednesday, October 10 Roth Capital upgraded Ellie Mae, Inc. (NYSE:ELLI) to “Buy” rating. On Friday, July 27 the firm earned “Market Outperform” rating by JMP Securities. On Friday, July 27 KeyBanc Capital Markets maintained Ellie Mae, Inc. (NYSE:ELLI) rating. KeyBanc Capital Markets has “Overweight” rating and $135 target. The company rating was maintained by Wedbush on Monday, October 29. On Friday, October 26 the rating was maintained by Oppenheimer with “Outperform”.

Ellie Mae, Inc. (NYSE:ELLI) Institutional Investors Chart

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