Elastic (NYSE:ESTC) CRO Mark Eugene Dodds Sells 5,037 Shares

Key Points

• Mark Eugene Dodds, the Chief Revenue Officer of Elastic N.V., sold 5,037 shares of stock for a total of $453,934.44, which marked a 2.92% decrease in his position.
• Elastic’s stock is currently trading at $89.92, down $1.27, with a market capitalization of $9.56 billion and a fifty-two week trading range of $70.14 to $118.84.
• Institutional investors hold approximately 97.03% of Elastic's stock, with several adding new positions or increasing their stakes recently.

Elastic N.V. (NYSE:ESTC - Get Free Report) CRO Mark Eugene Dodds sold 5,037 shares of the stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $90.12, for a total value of $453,934.44. Following the sale, the executive directly owned 167,284 shares in the company, valued at approximately $15,075,634.08. This trade represents a 2.92% decrease in their ownership of the stock. The transaction 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 Tuesday, June 24th, Mark Eugene Dodds sold 2,500 shares of Elastic stock. The stock was sold at an average price of $83.50, for a total value of $208,750.00.

Elastic Price Performance

Shares of ESTC stock traded up $0.80 on Monday, hitting $88.34. 968,911 shares of the company's stock were exchanged, compared to its average volume of 2,427,485. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.09 and a quick ratio of 2.09. Elastic N.V. has a 12 month low of $70.14 and a 12 month high of $118.84. The company has a 50 day moving average of $83.53 and a 200 day moving average of $86.04.

Hedge Funds Weigh In On Elastic

Several large investors have recently bought and sold shares of the company. Daventry Group LP raised its position in Elastic by 34.4% in the second quarter. Daventry Group LP now owns 728,120 shares of the company's stock valued at $61,402,000 after purchasing an additional 186,479 shares during the last quarter. American Trust bought a new position in Elastic in the second quarter valued at about $205,000. Orion Porfolio Solutions LLC raised its position in Elastic by 5.4% in the second quarter. Orion Porfolio Solutions LLC now owns 8,475 shares of the company's stock valued at $715,000 after purchasing an additional 437 shares during the last quarter. Promus Capital LLC bought a new position in Elastic in the second quarter valued at about $45,000. Finally, Marex Group plc bought a new position in shares of Elastic during the second quarter worth about $266,000. 97.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ESTC. Rosenblatt Securities restated a "buy" rating and set a $130.00 price objective on shares of Elastic in a research report on Friday, August 29th. DA Davidson began coverage on Elastic in a research report on Friday, August 29th. They set a "neutral" rating and a $105.00 price objective for the company. Cowen restated a "hold" rating on shares of Elastic in a research report on Friday, August 29th. Morgan Stanley upped their price objective on Elastic from $115.00 to $120.00 and gave the stock an "overweight" rating in a research report on Friday, August 29th. Finally, Oppenheimer restated an "outperform" rating on shares of Elastic in a research report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $120.00.

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.