Elastic N.V. (NYSE:ESTC) Holdings Raised by Fiera Capital Corp

Key Points

• Fiera Capital Corp increased its holdings in Elastic N.V. by 56.4% during the first quarter, owning approximately 308,036 shares valued at $27.4 million.
• Analysts have revised their price targets for Elastic, with Jefferies Financial Group lowering it from $125 to $110 while maintaining a "buy" rating on the stock.
• Insider transactions include Carolyn Herzog selling 5,702 shares at an average price of $86.91, reflecting a 5.72% decrease in her position.

Fiera Capital Corp grew its position in shares of Elastic N.V. (NYSE:ESTC - Free Report) by 56.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 308,036 shares of the company's stock after buying an additional 111,052 shares during the quarter. Fiera Capital Corp owned 0.30% of Elastic worth $27,446,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Signaturefd LLC increased its holdings in shares of Elastic by 53.7% in the 1st quarter. Signaturefd LLC now owns 335 shares of the company's stock valued at $30,000 after purchasing an additional 117 shares in the last quarter. Parallel Advisors LLC grew its stake in Elastic by 4.5% in the 1st quarter. Parallel Advisors LLC now owns 3,396 shares of the company's stock valued at $303,000 after acquiring an additional 145 shares during the last quarter. WCM Investment Management LLC grew its stake in Elastic by 0.7% in the 1st quarter. WCM Investment Management LLC now owns 23,811 shares of the company's stock valued at $2,183,000 after acquiring an additional 169 shares during the last quarter. Resolute Advisors LLC grew its stake in Elastic by 7.1% in the 4th quarter. Resolute Advisors LLC now owns 3,255 shares of the company's stock valued at $323,000 after acquiring an additional 217 shares during the last quarter. Finally, Guggenheim Capital LLC grew its stake in Elastic by 3.3% in the 4th quarter. Guggenheim Capital LLC now owns 7,278 shares of the company's stock valued at $721,000 after acquiring an additional 230 shares during the last quarter. Hedge funds and other institutional investors own 97.03% of the company's stock.

Insiders Place Their Bets

In other news, CTO Shay Banon sold 5,117 shares of the business's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $86.91, for a total transaction of $444,718.47. Following the completion of the transaction, the chief technology officer owned 4,560,291 shares of the company's stock, valued at approximately $396,334,890.81. The trade was a 0.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Ken Exner sold 6,918 shares of the business's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $86.91, for a total transaction of $601,243.38. Following the transaction, the insider directly owned 230,494 shares of the company's stock, valued at approximately $20,032,233.54. This trade represents a 2.91% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 50,913 shares of company stock valued at $4,416,324. 15.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ESTC. Canaccord Genuity Group lowered their price objective on shares of Elastic from $135.00 to $110.00 and set a "buy" rating on the stock in a research note on Monday, June 2nd. Barclays lowered their price objective on shares of Elastic from $124.00 to $105.00 and set an "overweight" rating on the stock in a research note on Friday, May 30th. Wedbush decreased their price target on shares of Elastic from $135.00 to $110.00 and set an "outperform" rating on the stock in a research note on Friday, May 30th. Morgan Stanley decreased their price target on shares of Elastic from $140.00 to $120.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Finally, Guggenheim decreased their price target on shares of Elastic from $136.00 to $107.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. Eight research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Elastic has a consensus rating of "Moderate Buy" and a consensus price target of $112.72.

Elastic Stock Down 4.9%

Shares of ESTC traded down $4.07 during mid-day trading on Friday, reaching $79.63. 1,221,653 shares of the stock traded hands, compared to its average volume of 1,137,408. The firm has a market cap of $8.40 billion, a price-to-earnings ratio of -75.84 and a beta of 1.07. The stock has a fifty day simple moving average of $85.37 and a 200 day simple moving average of $92.20. Elastic N.V. has a 12-month low of $69.00 and a 12-month high of $118.84. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.61.

Elastic (NYSE:ESTC - Get Free Report) last issued its quarterly earnings results on Thursday, May 29th. The company reported $0.47 earnings per share (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 analyst estimates of $380.61 million. Elastic had a negative net margin of 7.29% and a negative return on equity of 4.46%. The business's revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.21 earnings per share. Sell-side analysts expect that Elastic N.V. will post -0.77 EPS for the current fiscal year.

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.