334,215 Shares in Elastic (NYSE:ESTC) Acquired by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC purchased a new stake in Elastic (NYSE:ESTC - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 334,215 shares of the company's stock, valued at approximately $33,114,000. Schonfeld Strategic Advisors LLC owned about 0.32% of Elastic as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new position in Elastic in the 4th quarter worth about $102,485,000. Arrowstreet Capital Limited Partnership raised its holdings in Elastic by 5,972.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 744,358 shares of the company's stock valued at $73,751,000 after buying an additional 732,100 shares during the last quarter. Marshall Wace LLP boosted its position in Elastic by 554.9% during the 4th quarter. Marshall Wace LLP now owns 641,041 shares of the company's stock worth $63,514,000 after buying an additional 543,155 shares during the period. Fuller & Thaler Asset Management Inc. bought a new stake in Elastic during the 4th quarter worth approximately $46,031,000. Finally, Pictet Asset Management Holding SA increased its position in Elastic by 15.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 3,429,756 shares of the company's stock valued at $339,820,000 after acquiring an additional 462,974 shares during the period. Institutional investors and hedge funds own 97.03% of the company's stock.

Insider Activity

In related news, CTO Shay Banon sold 25,668 shares of the company's stock in a transaction that occurred on Sunday, March 2nd. The shares were sold at an average price of $112.53, for a total transaction of $2,888,420.04. Following the sale, the chief technology officer now directly owns 2,408,541 shares in the company, valued at approximately $271,033,118.73. This represents a 1.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CRO Mark Eugene Dodds sold 2,755 shares of Elastic stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $90.77, for a total transaction of $250,071.35. Following the completion of the transaction, the executive now owns 96,484 shares of the company's stock, valued at $8,757,852.68. This represents a 2.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 198,304 shares of company stock worth $20,847,452 over the last quarter. Insiders own 15.90% of the company's stock.

Elastic Stock Down 3.7 %

Shares of NYSE:ESTC traded down $3.23 during midday trading on Friday, hitting $83.07. 2,753,558 shares of the company's stock were exchanged, compared to its average volume of 1,399,287. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.99 and a quick ratio of 1.99. Elastic has a 12 month low of $69.00 and a 12 month high of $123.96. The company has a market cap of $8.67 billion, a PE ratio of 151.04 and a beta of 1.19. The stock has a 50 day moving average price of $89.39 and a 200-day moving average price of $96.55.

Elastic (NYSE:ESTC - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.48). Elastic had a negative return on equity of 13.20% and a net margin of 4.39%. The company had revenue of $382.08 million for the quarter, compared to the consensus estimate of $368.85 million. On average, sell-side analysts anticipate that Elastic will post -0.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. UBS Group increased their price objective on Elastic from $140.00 to $148.00 and gave the company a "buy" rating in a report on Friday, February 28th. Canaccord Genuity Group raised their price objective on Elastic from $130.00 to $135.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Morgan Stanley reduced their target price on Elastic from $140.00 to $120.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Piper Sandler raised their price target on shares of Elastic from $130.00 to $135.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Finally, Robert W. Baird upped their price objective on shares of Elastic from $135.00 to $140.00 and gave the company an "outperform" rating in a research note on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $127.48.

Elastic Profile

Elastic N.V., a data analytics company, delivers solutions designed to run in public or private clouds in multi-cloud environments. It primarily offers Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as performs search, analysis, and visualization on that data.