Invesco Ltd. Buys 3,887 Shares of Elastic (NYSE:ESTC)

Invesco Ltd. lifted its holdings in Elastic (NYSE:ESTC - Free Report) by 5.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 76,329 shares of the company's stock after purchasing an additional 3,887 shares during the quarter. Invesco Ltd. owned about 0.07% of Elastic worth $7,563,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Geneos Wealth Management Inc. bought a new position in Elastic in the fourth quarter valued at $25,000. SBI Securities Co. Ltd. bought a new position in Elastic in the fourth quarter valued at approximately $25,000. Venturi Wealth Management LLC increased its position in shares of Elastic by 793.3% during the 4th quarter. Venturi Wealth Management LLC now owns 268 shares of the company's stock worth $27,000 after purchasing an additional 238 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Elastic by 126.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 283 shares of the company's stock worth $28,000 after purchasing an additional 158 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in shares of Elastic by 1,065.2% in the 4th quarter. Global Retirement Partners LLC now owns 536 shares of the company's stock valued at $53,000 after buying an additional 490 shares during the last quarter. 97.03% of the stock is owned by institutional investors.

Elastic Trading Up 0.1 %

Shares of ESTC stock traded up $0.08 on Wednesday, hitting $86.05. The company had a trading volume of 2,025,239 shares, compared to its average volume of 1,390,485. Elastic has a twelve month low of $69.00 and a twelve month high of $123.96. 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 $8.98 billion, a P/E ratio of 156.45 and a beta of 1.19. The stock's 50-day moving average is $90.17 and its two-hundred day moving average is $96.52.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ESTC shares. Piper Sandler boosted their target price on shares of Elastic from $130.00 to $135.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Truist Financial decreased their target price on Elastic from $145.00 to $140.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Rosenblatt Securities reiterated a "buy" rating and issued a $130.00 price objective on shares of Elastic in a report on Tuesday, February 25th. Scotiabank cut their price target on Elastic from $140.00 to $137.00 and set a "sector outperform" rating for the company in a research note on Thursday, March 27th. Finally, 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. Seven investment 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 company's stock. According to data from MarketBeat.com, Elastic currently has a consensus rating of "Moderate Buy" and an average price target of $127.48.

Insider Transactions at Elastic

In other Elastic news, CTO Shay Banon sold 2,683 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $90.78, for a total value of $243,562.74. Following the completion of the sale, the chief technology officer now owns 4,535,456 shares of the company's stock, valued at approximately $411,728,695.68. This trade represents a 0.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CRO Mark Eugene Dodds sold 2,755 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $90.77, for a total value of $250,071.35. Following the transaction, the executive now directly owns 96,484 shares in the company, valued at $8,757,852.68. The trade was 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 valued at $20,847,452 in the last quarter. 15.90% of the stock is currently owned by company insiders.

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.