Elastic N.V. (NYSE:ESTC) Holdings Lifted by Penserra Capital Management LLC

Penserra Capital Management LLC grew its holdings in Elastic N.V. (NYSE:ESTC - Free Report) by 41.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 152,763 shares of the company's stock after purchasing an additional 44,435 shares during the quarter. Penserra Capital Management LLC owned approximately 0.15% of Elastic worth $13,611,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ESTC. Sylebra Capital LLC raised its stake in shares of Elastic by 62.6% during the 4th quarter. Sylebra Capital LLC now owns 4,561,462 shares of the company's stock worth $451,950,000 after acquiring an additional 1,756,842 shares in the last quarter. Norges Bank bought a new position in shares of Elastic during the 4th quarter worth approximately $102,485,000. Arrowstreet Capital Limited Partnership grew 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 worth $73,751,000 after purchasing an additional 732,100 shares during the last quarter. Marshall Wace LLP grew its position in Elastic by 554.9% during the 4th quarter. Marshall Wace LLP now owns 641,041 shares of the company's stock worth $63,514,000 after purchasing an additional 543,155 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. purchased a new stake in Elastic during the 4th quarter worth approximately $46,031,000. Institutional investors own 97.03% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on ESTC shares. Cantor Fitzgerald dropped their target price on shares of Elastic from $109.00 to $92.00 and set a "neutral" rating on the stock in a research report on Friday, May 30th. Rosenblatt Securities dropped their price objective on shares of Elastic from $140.00 to $130.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Barclays dropped their price objective on shares of Elastic from $124.00 to $105.00 and set an "overweight" rating on the stock in a report on Friday, May 30th. Truist Financial dropped their price objective on shares of Elastic from $145.00 to $140.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Finally, Piper Sandler dropped their price objective on shares of Elastic from $135.00 to $120.00 and set an "overweight" rating on the stock in a report on Friday, May 30th. Eight equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $113.52.

Elastic Stock Up 0.0%

NYSE ESTC traded up $0.02 on Tuesday, reaching $86.30. The company had a trading volume of 1,281,464 shares, compared to its average volume of 1,542,436. The firm has a market capitalization of $9.11 billion, a PE ratio of -82.19 and a beta of 1.07. Elastic N.V. has a 1 year low of $69.00 and a 1 year high of $123.96. The firm has a 50-day moving average of $86.40 and a 200-day moving average of $93.94. 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 EPS for the quarter, beating the consensus estimate of $0.37 by $0.10. The company had revenue of $388.43 million during the quarter, compared to analysts' expectations of $380.61 million. Elastic had a negative return on equity of 4.46% and a negative net margin of 7.29%. The business's revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 EPS. On average, equities research analysts anticipate that Elastic N.V. will post -0.77 EPS for the current fiscal year.

Insider Buying and Selling at Elastic

In related news, insider Ken Exner sold 6,918 shares of the company'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 $601,243.38. Following the sale, the insider directly owned 230,494 shares of the company's stock, valued at approximately $20,032,233.54. This represents a 2.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Carolyn Herzog sold 5,702 shares of the stock in a transaction on Monday, June 9th. The stock was sold at an average price of $86.91, for a total value of $495,560.82. Following the completion of the sale, the insider directly owned 93,985 shares in the company, valued at $8,168,236.35. This represents a 5.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,913 shares of company stock worth $4,416,324. 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.