Elastic N.V. (NYSE:ESTC) Shares Acquired by Cwm LLC

CWM LLC lifted its position in Elastic N.V. (NYSE:ESTC - Free Report) by 68.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,477 shares of the company's stock after buying an additional 20,027 shares during the period. CWM LLC's holdings in Elastic were worth $4,408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Thrivent Financial for Lutherans boosted its stake in shares of Elastic by 187.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 9,073 shares of the company's stock worth $899,000 after buying an additional 5,919 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Elastic by 4.6% in the 1st quarter. Bank of New York Mellon Corp now owns 504,823 shares of the company's stock worth $44,980,000 after purchasing an additional 22,005 shares during the period. Cetera Investment Advisers raised its holdings in Elastic by 13.3% in the 4th quarter. Cetera Investment Advisers now owns 7,203 shares of the company's stock worth $714,000 after purchasing an additional 843 shares during the period. Teacher Retirement System of Texas raised its holdings in Elastic by 26.6% in the 1st quarter. Teacher Retirement System of Texas now owns 18,130 shares of the company's stock worth $1,615,000 after purchasing an additional 3,813 shares during the period. Finally, Oppenheimer Asset Management Inc. bought a new position in Elastic in the 1st quarter worth $205,000. 97.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ESTC has been the topic of a number of recent research reports. 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. TD Securities decreased their target price on Elastic from $125.00 to $105.00 and set a "hold" rating on the stock in a report on Wednesday, May 21st. Robert W. Baird decreased their target price on Elastic from $125.00 to $115.00 and set an "outperform" rating on the stock in a report on Friday, May 30th. JPMorgan Chase & Co. decreased their price target on Elastic from $120.00 to $110.00 and set an "overweight" rating on the stock in a report on Friday, May 30th. Finally, Canaccord Genuity Group decreased their price target on Elastic from $135.00 to $110.00 and set a "buy" rating on the stock in a report on Monday, June 2nd. Eight analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $113.52.

Elastic Price Performance

Elastic stock traded up $0.49 during midday trading on Friday, reaching $86.79. The company had a trading volume of 1,027,598 shares, compared to its average volume of 1,544,510. The company has a market capitalization of $9.16 billion, a P/E ratio of -82.66 and a beta of 1.07. Elastic N.V. has a 12-month low of $69.00 and a 12-month high of $118.84. The firm's fifty day simple moving average is $86.49 and its 200-day simple moving average is $93.10. 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 released its earnings results on Thursday, May 29th. The company reported $0.47 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.10. Elastic had a negative net margin of 7.29% and a negative return on equity of 4.46%. The business had revenue of $388.43 million for the quarter, compared to analyst estimates of $380.61 million. During the same period last year, the company posted $0.21 EPS. The business's revenue was up 15.9% on a year-over-year basis. As a group, equities analysts anticipate that Elastic N.V. will post -0.77 EPS for the current year.

Insider Buying and Selling at Elastic

In other news, insider Carolyn Herzog sold 5,702 shares of the firm'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 transaction of $495,560.82. Following the completion of the sale, the insider owned 93,985 shares in the company, valued at $8,168,236.35. This trade represents a 5.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Shay Banon sold 5,117 shares of the firm'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 transaction of $444,718.47. Following the sale, the chief technology officer owned 4,560,291 shares of the company's stock, valued at $396,334,890.81. This represents a 0.11% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,913 shares of company stock worth $4,416,324. Insiders own 15.90% of the company's stock.

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.