Vanderbilt University Buys New Holdings in Elastic N.V. (NYSE:ESTC)

Vanderbilt University acquired a new position in shares of Elastic N.V. (NYSE:ESTC - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 58,372 shares of the company's stock, valued at approximately $5,201,000. Elastic accounts for about 1.0% of Vanderbilt University's holdings, making the stock its 18th biggest holding. Vanderbilt University owned 0.06% of Elastic as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake 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 valued at $926,607,000 after purchasing an additional 168,483 shares during the period. Sylebra Capital LLC boosted its stake in shares of Elastic by 62.6% during the fourth 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 stake in shares of Elastic by 15.6% during the fourth 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. Geode Capital Management LLC boosted its stake in shares of Elastic by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 1,439,412 shares of the company's stock valued at $142,663,000 after purchasing an additional 45,076 shares during the period. Finally, Norges Bank purchased a new stake in shares of Elastic during the fourth quarter valued at $102,485,000. 97.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ESTC has been the subject of a number of recent analyst reports. UBS Group boosted 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. Wall Street Zen raised shares of Elastic from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. Wells Fargo & Company lowered their target price on shares of Elastic from $150.00 to $120.00 and set an "overweight" rating for the company in a research note on Friday, May 30th. Truist Financial lowered their target price 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. Finally, Barclays lowered their target price on shares of Elastic from $124.00 to $105.00 and set an "overweight" rating for the company in a research note on Friday, May 30th. Eight analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $113.63.

Insider Activity

In other news, CEO Ashutosh Kulkarni sold 5,000 shares of the company's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $102.64, for a total transaction of $513,200.00. Following the transaction, the chief executive officer now owns 371,591 shares in the company, valued at $38,140,100.24. This represents a 1.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Carolyn Herzog sold 5,702 shares of the company's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $86.91, for a total transaction of $495,560.82. Following the transaction, the insider now owns 93,985 shares in the company, valued at approximately $8,168,236.35. This trade represents a 5.72% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 53,413 shares of company stock worth $4,720,774 over the last 90 days. 15.90% of the stock is currently owned by corporate insiders.

Elastic Stock Up 0.3%

Elastic stock traded up $0.21 during trading hours on Monday, reaching $82.21. The stock had a trading volume of 1,387,951 shares, compared to its average volume of 1,525,852. The company has a market cap of $8.68 billion, a price-to-earnings ratio of -78.30 and a beta of 1.07. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.92 and a quick ratio of 1.92. The business's 50 day moving average price is $85.40 and its 200-day moving average price is $95.40. Elastic N.V. has a 52 week low of $69.00 and a 52 week high of $123.96.

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

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.