Exane Asset Management Has $3.58 Million Stock Holdings in Elastic N.V. (NYSE:ESTC)

Exane Asset Management increased its stake in Elastic N.V. (NYSE:ESTC - Free Report) by 34.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 37,194 shares of the company's stock after purchasing an additional 9,490 shares during the quarter. Elastic makes up 2.0% of Exane Asset Management's investment portfolio, making the stock its 11th largest holding. Exane Asset Management's holdings in Elastic were worth $3,579,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans increased its stake in shares of Elastic by 187.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 9,073 shares of the company's stock worth $899,000 after purchasing an additional 5,919 shares during the period. Cetera Investment Advisers increased its stake in shares of Elastic by 13.3% in the fourth 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. Oppenheimer Asset Management Inc. bought a new position in shares of Elastic in the first quarter worth about $205,000. Magnetar Financial LLC bought a new position in shares of Elastic in the fourth quarter worth about $801,000. Finally, Teacher Retirement System of Texas increased its stake in shares of Elastic by 57.2% in the fourth quarter. Teacher Retirement System of Texas now owns 14,317 shares of the company's stock worth $1,419,000 after purchasing an additional 5,209 shares during the period. 97.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ESTC has been the subject of a number of research reports. Wall Street Zen raised shares of Elastic from a "hold" rating to a "buy" rating in a report on Friday, May 30th. Stifel Nicolaus reduced their price target on shares of Elastic from $140.00 to $112.00 and set a "buy" rating for the company in a report on Friday, May 30th. Wedbush reduced their price target on shares of Elastic from $135.00 to $110.00 and set an "outperform" rating for the company in a report on Friday, May 30th. 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 research report on Friday, May 30th. Finally, JPMorgan Chase & Co. decreased their target price on Elastic from $120.00 to $110.00 and set an "overweight" rating on the stock in a research report on Friday, May 30th. Eight analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $113.52.

Elastic Price Performance

Shares of ESTC traded down $0.40 during trading hours on Friday, hitting $84.30. The stock had a trading volume of 1,508,813 shares, compared to its average volume of 1,543,262. The company's fifty day moving average is $86.41 and its two-hundred day moving average is $93.58. 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 N.V. has a 52 week low of $69.00 and a 52 week high of $123.96. The stock has a market capitalization of $8.90 billion, a price-to-earnings ratio of -80.29 and a beta of 1.07.

Elastic (NYSE:ESTC - Get Free Report) last posted its earnings results on Thursday, May 29th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.10. The business 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 firm's quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.21 EPS. On average, analysts anticipate that Elastic N.V. will post -0.77 EPS for the current year.

Insiders Place Their Bets

In other 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 transaction, the insider directly owned 230,494 shares of the company's stock, valued at $20,032,233.54. The trade was a 2.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $86.91, for a total value of $1,990,325.91. Following the completion of the transaction, the chief executive officer directly owned 454,841 shares in the company, valued at $39,530,231.31. The trade was a 4.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,913 shares of company stock worth $4,416,324 over the last ninety days. 15.90% of the stock is owned by insiders.

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.