Janus Henderson Group PLC Buys 41,727 Shares of Elastic (NYSE:ESTC)

Janus Henderson Group PLC grew its holdings in Elastic (NYSE:ESTC - Free Report) by 105.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 81,159 shares of the company's stock after purchasing an additional 41,727 shares during the period. Janus Henderson Group PLC owned about 0.08% of Elastic worth $8,039,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in ESTC. Norges Bank purchased a new position in Elastic during the 4th quarter worth $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 raised its holdings in shares of Elastic by 554.9% in 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 in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Elastic in the 4th quarter worth approximately $46,031,000. Finally, Pictet Asset Management Holding SA boosted its stake in shares of Elastic by 15.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 3,429,756 shares of the company's stock valued at $339,820,000 after purchasing an additional 462,974 shares in the last quarter. 97.03% of the stock is currently owned by institutional investors.

Insider Activity at Elastic

In other news, CTO Shay Banon sold 2,683 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $90.78, for a total value of $243,562.74. Following the transaction, the chief technology officer now owns 4,535,456 shares of the company's stock, valued at approximately $411,728,695.68. This trade represents a 0.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ashutosh Kulkarni sold 5,000 shares of Elastic stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $102.64, for a total transaction of $513,200.00. Following the sale, the chief executive officer now directly owns 371,591 shares of the company's stock, valued at $38,140,100.24. This represents a 1.33% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 198,304 shares of company stock worth $20,847,452. Company insiders own 15.90% of the company's stock.

Elastic Stock Down 0.7%

Shares of ESTC traded down $0.62 during midday trading on Friday, reaching $92.38. 1,141,728 shares of the stock were exchanged, compared to its average volume of 1,459,735. The company has a market cap of $9.65 billion, a price-to-earnings ratio of 167.96 and a beta of 1.20. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.70. Elastic has a 12-month low of $69.00 and a 12-month high of $123.96. The firm has a 50 day simple moving average of $86.32 and a 200-day simple moving average of $97.54.

Elastic (NYSE:ESTC - Get Free Report) last posted its earnings results on Thursday, February 27th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.48). Elastic had a net margin of 4.39% and a negative return on equity of 13.20%. The company had revenue of $382.08 million for the quarter, compared to the consensus estimate of $368.85 million. Research analysts forecast that Elastic will post -0.77 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Jefferies Financial Group reduced their price objective on shares of Elastic from $125.00 to $110.00 and set a "buy" rating for the company in a research note on Monday, April 7th. TD Securities decreased their price objective on Elastic from $125.00 to $105.00 and set a "hold" rating for the company in a research note on Wednesday. Wall Street Zen downgraded Elastic from a "buy" rating to a "hold" rating in a research report on Thursday. UBS Group boosted their target price on shares of Elastic from $140.00 to $148.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Finally, Piper Sandler increased their price target on shares of Elastic from $130.00 to $135.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Nine investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $125.96.

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.