Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Is Ellie Mae Inc (ELLI) A Good Stock To Buy?

Page 1 of 2

Hedge Funds and other institutional investors have just completed filing their 13Fs with the Securities and Exchange Commission, revealing their equity portfolios as of the end of September. At Insider Monkey, we follow over 700 of the best-performing investors and by analyzing their 13F filings, we can determine the stocks that they are collectively bullish on. One of their picks is Ellie Mae Inc (NYSE:ELLI), so let’s take a closer look at the sentiment that surrounds it in the current quarter.

Ellie Mae Inc (NYSE:ELLI) shareholders have witnessed an increase in activity from the world’s largest hedge funds lately. The level and the change in hedge fund popularity aren’t the only variables you need to analyze to decipher hedge funds’ perspectives. A stock may witness a boost in popularity, but it may still be less popular than similarly priced stocks. That’s why at the end of this article, we will examine companies such as Kythera Biopharmaceuticals Inc (NASDAQ:KYTH), Masimo Corporation (NASDAQ:MASI), and Kinross Gold Corporation (USA) (NYSE:KGC) to gather more data points.

Follow Ellie Mae Inc (OTCMKTS:ELLI)

Today, there are numerous tools stock market investors have at their disposal to analyze stocks. A duo of the most useful tools are hedge fund and insider trading indicators. Our researchers have shown that, historically, those who follow the top picks of the elite investment managers can outpace their index-focused peers by a very impressive amount (see the details here).

Keeping this in mind, we’re going to take a look at the key action encompassing Ellie Mae Inc (NYSE:ELLI).

Hedge fund activity in Ellie Mae Inc (NYSE:ELLI)

At the end of September, a total of 27 of the hedge funds tracked by Insider Monkey were long this stock, an increase of 23% from one quarter earlier. With hedgies’ capital changing hands, there exists a select group of notable hedge fund managers who were increasing their holdings significantly (or already accumulated large positions).

Of the funds tracked by Insider Monkey, Alex Sacerdote’s Whale Rock Capital Management has the most valuable position in Ellie Mae Inc (NYSE:ELLI), worth close to $80.9 million, amounting to 8% of its total 13F portfolio. The second most bullish fund manager is Tremblant Capital, managed by Brett Barakett, which holds a $51 million position; the fund has 3.3% of its 13F portfolio invested in the stock. Some other members of the smart money that are bullish include Edmond M. Safra’s EMS Capital, Spencer M. Waxman’s Shannon River Fund Management, and Richard Driehaus’s Driehaus Capital.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!