Lbp Am Sa Purchases 28,409 Shares of Elastic N.V. (NYSE:ESTC)

LBP AM SA increased its position in shares of Elastic N.V. (NYSE:ESTC - Free Report) by 18.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 181,493 shares of the company's stock after buying an additional 28,409 shares during the period. LBP AM SA owned 0.17% of Elastic worth $16,171,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ESTC. Exane Asset Management raised its stake in Elastic by 34.3% during the 1st quarter. Exane Asset Management now owns 37,194 shares of the company's stock valued at $3,579,000 after purchasing an additional 9,490 shares during the last quarter. Liberty One Investment Management LLC raised its stake in Elastic by 17.8% during the 1st quarter. Liberty One Investment Management LLC now owns 1,723 shares of the company's stock valued at $154,000 after purchasing an additional 260 shares during the last quarter. Blackhawk Capital Partners LLC. acquired a new position in Elastic during the 1st quarter valued at $855,000. Envestnet Asset Management Inc. raised its stake in Elastic by 30.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 31,743 shares of the company's stock valued at $2,828,000 after purchasing an additional 7,395 shares during the last quarter. Finally, Penserra Capital Management LLC raised its stake in Elastic by 41.0% during the 1st quarter. Penserra Capital Management LLC now owns 152,763 shares of the company's stock valued at $13,611,000 after purchasing an additional 44,435 shares during the last quarter. 97.03% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on ESTC. Canaccord Genuity Group cut their target price on shares of Elastic from $135.00 to $110.00 and set a "buy" rating for the company in a research note on Monday, June 2nd. Stifel Nicolaus cut their target price on shares of Elastic from $140.00 to $112.00 and set a "buy" rating for the company in a research note on Friday, May 30th. KeyCorp initiated coverage on shares of Elastic in a research note on Tuesday, June 10th. They set a "sector weight" rating for the company. Royal Bank Of Canada dropped their price objective on shares of Elastic from $119.00 to $115.00 and set an "outperform" rating for the company in a research note on Friday, May 30th. Finally, Cantor Fitzgerald dropped their price objective on shares of Elastic from $109.00 to $92.00 and set a "neutral" rating for the company in a research note on Friday, May 30th. Eight research 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 company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $113.52.

Elastic Price Performance

NYSE:ESTC traded down $0.40 during mid-day trading on Friday, reaching $84.30. 1,508,813 shares of the company were exchanged, compared to its average volume of 1,544,136. Elastic N.V. has a 12 month low of $69.00 and a 12 month high of $123.96. The company has a fifty day moving average of $86.41 and a 200 day moving average of $93.51. 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 stock has a market cap of $8.90 billion, a PE ratio of -80.29 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 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.10. The firm had revenue of $388.43 million for 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 company's revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.21 EPS. On average, research analysts anticipate that Elastic N.V. will post -0.77 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Ken Exner sold 6,918 shares of the firm's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $86.91, for a total value of $601,243.38. Following the transaction, the insider 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Mark Eugene Dodds sold 5,514 shares of the firm'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 $479,221.74. Following the completion of the transaction, the executive directly owned 165,443 shares in the company, valued at $14,378,651.13. This trade represents a 3.23% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 50,913 shares of company stock worth $4,416,324. 15.90% of the stock is currently owned by company insiders.

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.