Ellie Mae Inc (ELLI) Insider Sells Over 25,000 Shares

Ellie Mae Inc (NYSE:ELLI), saw one of its highest level insiders lower their exposure to the company. President and Chief Operating Officer Jonathan Corr disposed of 28,000 shares of stock at prices ranging from $33.42 to $34.42 per share. Following the completion of this transaction, Corr now has 89,625 shares directly involved with the company, while having 58,099 shares invested indirectly.
Ellie Mae Inc (NYSE:ELLI) is a $965.96 million market cap company that is a provider of on-demand automation solutions for the mortgage industry. The Company offers an end-to-end solution, delivered using a software-as-a-service model that serves as the core operating system for mortgage originators and spans customer relationship management, loan origination and business management.
The largest hedge fund involvement with this company comes from Tremblant Capital, the hedge fund run by Brett Barakett. This fund reported a 9% increase in its activity last quarter, and now has 2,433,550 shares worth about $70.1 million invested in Ellie Mae Inc (NYSE:ELLI).
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.
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