Banque Transatlantique SA Takes $807,000 Position in Elastic (NYSE:ESTC)

Banque Transatlantique SA bought a new position in shares of Elastic (NYSE:ESTC - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 8,000 shares of the company's stock, valued at approximately $807,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Slow Capital Inc. bought a new stake in shares of Elastic in the 4th quarter valued at $5,039,000. Wealth Effects LLC grew its stake in Elastic by 25.4% during the fourth quarter. Wealth Effects LLC now owns 28,800 shares of the company's stock worth $2,854,000 after purchasing an additional 5,830 shares during the period. Bangor Savings Bank bought a new stake in Elastic in the fourth quarter worth approximately $1,657,000. Smith Group Asset Management LLC acquired a new position in Elastic in the fourth quarter valued at approximately $3,408,000. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Elastic by 3,442.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 14,525 shares of the company's stock worth $1,439,000 after buying an additional 14,115 shares in the last quarter. 97.03% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Elastic

In related news, CTO Shay Banon sold 2,683 shares of the business's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $90.78, for a total transaction of $243,562.74. Following the sale, the chief technology officer now directly owns 4,535,456 shares in the company, valued at approximately $411,728,695.68. The trade was a 0.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ashutosh Kulkarni sold 5,000 shares of Elastic stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $102.64, for a total value of $513,200.00. Following the transaction, the chief executive officer now directly owns 371,591 shares of the company's stock, valued at $38,140,100.24. The trade was a 1.33 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 198,304 shares of company stock worth $20,847,452. Company insiders own 15.90% of the company's stock.

Elastic Stock Performance

Shares of ESTC stock opened at $83.07 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.99 and a current ratio of 1.99. The firm has a market cap of $8.67 billion, a price-to-earnings ratio of 151.04 and a beta of 1.20. Elastic has a 52 week low of $69.00 and a 52 week high of $123.96. The firm's 50-day simple moving average is $89.39 and its two-hundred day simple moving average is $96.65.

Elastic (NYSE:ESTC - Get Free Report) last posted its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $368.85 million. As a group, equities analysts forecast that Elastic will post -0.77 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Robert W. Baird boosted their target price on shares of Elastic from $135.00 to $140.00 and gave the company an "outperform" rating in a research report on Friday, February 28th. Jefferies Financial Group dropped their price objective on shares of Elastic from $125.00 to $110.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Canaccord Genuity Group raised their target price on Elastic from $130.00 to $135.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Piper Sandler increased their price target on Elastic from $130.00 to $135.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Finally, DA Davidson reduced their price objective on Elastic from $115.00 to $75.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Seven research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.

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