9,596 Shares in Elastic N.V. (NYSE:ESTC) Acquired by Blackhawk Capital Partners LLC.

Blackhawk Capital Partners LLC. purchased a new stake in shares of Elastic N.V. (NYSE:ESTC - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 9,596 shares of the company's stock, valued at approximately $855,000.

A number of other institutional investors and hedge funds have also bought and sold shares of ESTC. Sylebra Capital LLC raised its holdings in 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 acquiring an additional 1,756,842 shares during the period. Norges Bank bought a new stake in shares of Elastic in the fourth quarter worth about $102,485,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Elastic by 5,972.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 744,358 shares of the company's stock worth $73,751,000 after purchasing an additional 732,100 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of Elastic by 554.9% in the fourth quarter. Marshall Wace LLP now owns 641,041 shares of the company's stock worth $63,514,000 after purchasing an additional 543,155 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. bought a new stake in shares of Elastic in the fourth quarter worth about $46,031,000. 97.03% of the stock is owned by institutional investors.

Elastic Trading Down 0.5%

Shares of NYSE:ESTC traded down $0.40 during trading hours on Friday, hitting $84.30. 1,508,813 shares of the company's stock traded hands, compared to its average volume of 1,543,262. Elastic N.V. has a 1 year low of $69.00 and a 1 year high of $123.96. The business has a fifty day moving average price of $86.41 and a 200-day moving average price of $93.58. The firm has a market capitalization of $8.90 billion, a P/E ratio of -80.29 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.

Elastic (NYSE:ESTC - Get Free Report) last announced its earnings results on Thursday, May 29th. The company reported $0.47 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $380.61 million. During the same quarter in the previous year, the business earned $0.21 earnings per share. The company's revenue for the quarter was up 15.9% compared to the same quarter last year. Equities analysts expect that Elastic N.V. will post -0.77 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Wedbush reduced their target price on Elastic from $135.00 to $110.00 and set an "outperform" rating on the stock in a report on Friday, May 30th. Guggenheim reduced their target price on Elastic from $136.00 to $107.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Barclays reduced their target price on Elastic from $124.00 to $105.00 and set an "overweight" rating on the stock in a report on Friday, May 30th. Monness Crespi & Hardt raised Elastic from a "neutral" rating to a "buy" rating and set a $111.00 target price on the stock in a report on Friday, June 27th. Finally, Wall Street Zen raised Elastic from a "hold" rating to a "buy" rating in a report on Friday, May 30th. Eight equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $113.52.

Insider Transactions at Elastic

In related news, insider Ken Exner sold 6,918 shares of the business's stock in a transaction that occurred 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 owned 230,494 shares in the company, valued at approximately $20,032,233.54. The trade was a 2.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ashutosh Kulkarni sold 22,901 shares of the business's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $86.91, for a total value of $1,990,325.91. Following the completion of the sale, the chief executive officer owned 454,841 shares of the company's stock, valued at $39,530,231.31. The trade was a 4.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,913 shares of company stock valued at $4,416,324 in the last ninety days. Corporate insiders own 15.90% of the company's stock.

Elastic 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.