Shares of Ellie Mae (ELLI) Sees Large Outflow of Money

Ellie Mae (ELLI) : The total money flow in Ellie Mae (ELLI) was negative ($9.76 million), which signals selling by the traders on Thursdays session. They trimmed their holdings by selling the stock on downticks to the tune of $53.8 million. In comparison, the inflow of money into the stock on upticks was $44.04 million. The uptick to downtick ratio was 0.82. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $8.01 million. The value of transactions on uptick was $0.96 million. The negative money flow of ($7.06 million) confirms the selling in Ellie Mae (ELLI) on strength. The uptick to downtick ratio of block trades was 0.12. Ellie Mae (ELLI) gained $1.57 at $95.73, a gain of 1.67% over the previous days close. However, the stock registered 3.04% in the week.


Ellie Mae (ELLI) : Currently there are 5 street experts covering Ellie Mae (ELLI) stock. The most bullish and bearish price target for the stock is $105 and $97 respectively for the short term. The average price target of all the analysts comes to $100. The estimated standard deviation from the target is $3.08. The stock has recorded a 20-day Moving Average of 10.01% and the 50-Day Moving Average is 13.61%.

Ellie Mae (NYSE:ELLI): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $94.37 and $92.17 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $96.81. The buying momentum continued till the end and the stock did not give up its gains. It closed at $95.73, notching a gain of 1.67% for the day. The total traded volume was 1,560,173 . The stock had closed at $94.16 on the previous day.

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 Companys Encompass mortgage management solution provides one system of record that allows banks, credit unions and mortgage lenders to originate and fund mortgages. The Encompass mortgage management solution 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 that provides one system of record. The Company delivers Encompass software in an on-demand Software-as-a-Service (SaaS). The Company also hosts the Ellie Mae Network.

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