Elastic N.V. (NYSE:ESTC - Get Free Report) CRO Mark Eugene Dodds sold 2,500 shares of the company's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $83.50, for a total transaction of $208,750.00. Following the transaction, the executive now owns 172,321 shares in the company, valued at $14,388,803.50. The trade was a 1.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.
Mark Eugene Dodds also recently made the following trade(s):
- On Monday, June 9th, Mark Eugene Dodds sold 5,514 shares of Elastic stock. The stock was sold at an average price of $86.91, for a total transaction of $479,221.74.
Elastic Price Performance
Shares of NYSE ESTC traded up $0.14 during midday trading on Friday, reaching $82.75. 1,641,221 shares of the company were exchanged, compared to its average volume of 1,533,789. The stock's 50-day moving average price is $85.73 and its 200-day moving average price is $94.90. The stock has a market cap of $8.73 billion, a P/E ratio of -78.81 and a beta of 1.07. Elastic N.V. has a one year low of $69.00 and a one year high of $123.96. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.61.
Elastic (NYSE:ESTC - Get Free Report) last posted its earnings results on Thursday, May 29th. The company reported $0.47 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.10. The firm had revenue of $388.43 million for the quarter, compared to analysts' expectations of $380.61 million. Elastic had a negative net margin of 7.29% and a negative return on equity of 4.46%. The company's revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.21 earnings per share. On average, sell-side analysts anticipate that Elastic N.V. will post -0.77 earnings per share for the current fiscal year.
Institutional Trading of Elastic
Several institutional investors have recently modified their holdings of the business. Rhumbline Advisers lifted its holdings in Elastic by 2.7% in the fourth quarter. Rhumbline Advisers now owns 102,296 shares of the company's stock valued at $10,135,000 after buying an additional 2,728 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Elastic by 3.4% during the fourth quarter. Principal Financial Group Inc. now owns 7,299 shares of the company's stock valued at $723,000 after purchasing an additional 241 shares during the period. CIBC Asset Management Inc raised its holdings in shares of Elastic by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 3,053 shares of the company's stock valued at $302,000 after purchasing an additional 151 shares during the period. Truist Financial Corp raised its holdings in shares of Elastic by 5.1% during the fourth quarter. Truist Financial Corp now owns 6,158 shares of the company's stock valued at $610,000 after purchasing an additional 301 shares during the period. Finally, Venturi Wealth Management LLC raised its holdings in shares of Elastic by 793.3% during the fourth quarter. Venturi Wealth Management LLC now owns 268 shares of the company's stock valued at $27,000 after purchasing an additional 238 shares during the period. Institutional investors own 97.03% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the stock. Cantor Fitzgerald dropped their price target on shares of Elastic from $109.00 to $92.00 and set a "neutral" rating for the company in a research note on Friday, May 30th. Truist Financial dropped their price target on shares of Elastic from $145.00 to $140.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Wedbush lowered their target price on shares of Elastic from $135.00 to $110.00 and set an "outperform" rating for the company in a research note on Friday, May 30th. Royal Bank Of Canada lowered their target price on shares of Elastic from $119.00 to $115.00 and set an "outperform" rating for the company in a research note on Friday, May 30th. Finally, UBS Group upped their target price on shares of Elastic from $140.00 to $148.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Eight equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $113.52.
Read Our Latest Research Report on ESTC
About Elastic
(
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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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