Elastic N.V. (NYSE:ESTC) CRO Sells $208,750.00 in Stock

Elastic N.V. (NYSE:ESTC - Get Free Report) CRO Mark Eugene Dodds sold 2,500 shares of Elastic stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $83.50, for a total transaction of $208,750.00. Following the transaction, the executive now directly owns 172,321 shares of the company's stock, valued at approximately $14,388,803.50. This trade represents a 1.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $86.91, for a total transaction of $479,221.74.

Elastic Stock Up 1.9%

Shares of NYSE:ESTC traded up $1.58 on Thursday, hitting $82.56. 1,156,335 shares of the company's stock were exchanged, compared to its average volume of 1,529,011. Elastic N.V. has a 1-year low of $69.00 and a 1-year high of $123.96. The company has a market capitalization of $8.71 billion, a PE ratio of -78.62 and a beta of 1.07. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.92 and a current ratio of 1.92. The firm's 50-day moving average is $85.53 and its 200 day moving average is $95.22.

Elastic (NYSE:ESTC - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.10. The firm had revenue of $388.43 million during the quarter, compared to the consensus estimate of $380.61 million. Elastic had a negative return on equity of 4.46% and a negative net margin of 7.29%. The firm's quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.21 earnings per share. Sell-side analysts predict that Elastic N.V. will post -0.77 EPS for the current year.

Institutional Investors Weigh In On Elastic

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Elastic by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 9,352,108 shares of the company's stock worth $926,607,000 after purchasing an additional 168,483 shares during the last quarter. Sylebra Capital LLC boosted its position in shares of Elastic by 62.6% in the 4th quarter. Sylebra Capital LLC now owns 4,561,462 shares of the company's stock valued at $451,950,000 after purchasing an additional 1,756,842 shares during the period. Pictet Asset Management Holding SA boosted its position in shares of 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 purchasing an additional 462,974 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Elastic by 5,437.6% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,288,128 shares of the company's stock worth $203,872,000 after buying an additional 2,246,808 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Elastic by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 1,439,412 shares of the company's stock worth $142,663,000 after buying an additional 45,076 shares during the period. 97.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Robert W. Baird reduced their target price on Elastic from $125.00 to $115.00 and set an "outperform" rating for the company in a report on Friday, May 30th. Wedbush dropped their price target on Elastic from $135.00 to $110.00 and set an "outperform" rating for the company in a research report on Friday, May 30th. TD Securities decreased their price objective on Elastic from $125.00 to $105.00 and set a "hold" rating on the stock in a report on Wednesday, May 21st. KeyCorp started coverage on shares of Elastic in a report on Tuesday, June 10th. They set a "sector weight" rating for the company. Finally, Stifel Nicolaus reduced their target price on shares of Elastic from $140.00 to $112.00 and set a "buy" rating for the company in a research report on Friday, May 30th. Eight investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $113.63.

Elastic Company 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.