4,030 Shares in Elastic N.V. $ESTC Acquired by Kera Capital Partners Inc.

Key Points

• Kera Capital Partners Inc. acquired **4,030 shares** of Elastic N.V. (**NYSE:ESTC**) for approximately **$340,000** during the 2nd quarter.
• Institutional investors hold **97.03%** of Elastic's stock, with notable recent acquisitions by Fourth Dimension Wealth LLC and North Capital Inc.
• Elastic's stock has received **upgrades** from multiple analysts, with a consensus target price of **$120.00** and an overall rating of "Moderate Buy".

Kera Capital Partners Inc. purchased a new position in shares of Elastic N.V. (NYSE:ESTC - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,030 shares of the company's stock, valued at approximately $340,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fourth Dimension Wealth LLC acquired a new position in Elastic during the 4th quarter worth approximately $26,000. Cloud Capital Management LLC acquired a new position in Elastic during the 1st quarter worth approximately $25,000. Signaturefd LLC increased its holdings in Elastic by 53.7% during the 1st quarter. Signaturefd LLC now owns 335 shares of the company's stock worth $30,000 after purchasing an additional 117 shares during the last quarter. North Capital Inc. purchased a new stake in Elastic during the 1st quarter worth approximately $37,000. Finally, Smartleaf Asset Management LLC increased its holdings in Elastic by 53.7% during the 1st quarter. Smartleaf Asset Management LLC now owns 435 shares of the company's stock worth $40,000 after purchasing an additional 152 shares during the last quarter. 97.03% of the stock is owned by institutional investors and hedge funds.

Elastic Trading Down 1.6%

NYSE:ESTC opened at $87.61 on Friday. Elastic N.V. has a 12-month low of $70.14 and a 12-month high of $118.84. The firm has a market capitalization of $9.31 billion, a P/E ratio of -109.51 and a beta of 1.04. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.09 and a quick ratio of 2.09. The business has a 50 day simple moving average of $83.49 and a 200 day simple moving average of $86.34.

Insiders Place Their Bets

In other Elastic news, insider Carolyn Herzog sold 5,143 shares of the business's stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $90.12, for a total transaction of $463,487.16. Following the completion of the transaction, the insider owned 94,677 shares in the company, valued at approximately $8,532,291.24. The trade was a 5.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Shay Banon sold 104,326 shares of the business's stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $90.34, for a total value of $9,424,810.84. Following the transaction, the chief technology officer owned 4,363,780 shares of the company's stock, valued at $394,223,885.20. This trade represents a 2.33% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 347,036 shares of company stock worth $30,640,286. 12.70% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have issued reports on ESTC. Morgan Stanley lifted their price objective on Elastic from $115.00 to $120.00 and gave the stock an "overweight" rating in a report on Friday, August 29th. Scotiabank restated an "outperform" rating on shares of Elastic in a report on Friday, August 29th. Stifel Nicolaus lifted their price objective on Elastic from $112.00 to $134.00 and gave the stock a "buy" rating in a report on Friday, August 29th. UBS Group boosted their price target on Elastic from $95.00 to $125.00 and gave the company a "buy" rating in a report on Friday, August 29th. Finally, Wall Street Zen upgraded Elastic from a "hold" rating to a "buy" rating in a report on Friday, May 30th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, Elastic presently has a consensus rating of "Moderate Buy" and a consensus target price of $120.00.

About Elastic

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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