Vanderbilt University Acquires New Position in Elastic N.V. (NYSE:ESTC)

Vanderbilt University acquired a new stake in Elastic N.V. (NYSE:ESTC - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 58,372 shares of the company's stock, valued at approximately $5,201,000. Elastic comprises 1.0% of Vanderbilt University's holdings, making the stock its 18th biggest position. Vanderbilt University owned approximately 0.06% of Elastic at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ESTC. Sylebra Capital LLC raised its holdings in 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 buying an additional 1,756,842 shares during the last quarter. Norges Bank acquired a new stake in Elastic during the 4th quarter valued at approximately $102,485,000. Arrowstreet Capital Limited Partnership increased its position in Elastic by 5,972.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 744,358 shares of the company's stock valued at $73,751,000 after purchasing an additional 732,100 shares during the period. Marshall Wace LLP increased its position in Elastic by 554.9% during the 4th quarter. Marshall Wace LLP now owns 641,041 shares of the company's stock valued at $63,514,000 after purchasing an additional 543,155 shares during the period. Finally, Fuller & Thaler Asset Management Inc. acquired a new stake in Elastic during the 4th quarter valued at approximately $46,031,000. Institutional investors own 97.03% of the company's stock.

Insider Transactions at Elastic

In other Elastic news, insider Ken Exner sold 6,918 shares of the firm's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $86.91, for a total value of $601,243.38. Following the completion of the sale, the insider now directly owns 230,494 shares of the company's stock, valued at $20,032,233.54. This trade represents a 2.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CTO Shay Banon sold 5,117 shares of the stock in a transaction on Monday, June 9th. The stock was sold at an average price of $86.91, for a total value of $444,718.47. Following the transaction, the chief technology officer now owns 4,560,291 shares of the company's stock, valued at $396,334,890.81. The trade was a 0.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 53,413 shares of company stock worth $4,720,774 in the last ninety days. Company insiders own 15.90% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. TD Securities decreased their target price on shares of Elastic from $125.00 to $105.00 and set a "hold" rating for the company in a research report on Wednesday, May 21st. Robert W. Baird reduced their price objective on shares of Elastic from $125.00 to $115.00 and set an "outperform" rating for the company in a research report on Friday, May 30th. Scotiabank reduced their price objective on shares of Elastic from $137.00 to $95.00 and set a "sector outperform" rating for the company in a research report on Friday, May 30th. Wedbush reduced their price objective on shares of Elastic from $135.00 to $110.00 and set an "outperform" rating for the company in a research report on Friday, May 30th. Finally, Royal Bank Of Canada reduced their price objective on shares of Elastic from $119.00 to $115.00 and set an "outperform" rating for the company in a research report on Friday, May 30th. Eight research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $113.63.

Elastic Stock Down 1.5%

NYSE:ESTC traded down $1.28 during trading hours on Friday, hitting $82.15. 2,269,736 shares of the company traded hands, compared to its average volume of 1,526,921. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.61. The firm's 50-day simple moving average is $85.34 and its 200-day simple moving average is $95.85. Elastic N.V. has a one year low of $69.00 and a one year high of $123.96. The company has a market cap of $8.67 billion, a PE ratio of -78.24 and a beta of 1.07.

Elastic (NYSE:ESTC - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.10. Elastic had a negative return on equity of 4.46% and a negative net margin of 7.29%. The business had revenue of $388.43 million for the quarter, compared to analysts' expectations of $380.61 million. During the same period last year, the business earned $0.21 EPS. The business's revenue was up 15.9% on a year-over-year basis. Equities analysts predict that Elastic N.V. will post -0.77 earnings per share 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.