Robeco Institutional Asset Management B.V. Purchases 16,804 Shares of Elastic N.V. $ESTC

Robeco Institutional Asset Management B.V. boosted its position in Elastic N.V. (NYSE:ESTC - Free Report) by 169.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,696 shares of the company's stock after acquiring an additional 16,804 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Elastic were worth $2,251,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC increased its stake in Elastic by 53.7% in the first quarter. Signaturefd LLC now owns 335 shares of the company's stock valued at $30,000 after acquiring an additional 117 shares during the last quarter. Y.D. More Investments Ltd increased its stake in Elastic by 0.5% in the first quarter. Y.D. More Investments Ltd now owns 29,742 shares of the company's stock valued at $2,756,000 after acquiring an additional 145 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Elastic by 53.7% during the first quarter. Smartleaf Asset Management LLC now owns 435 shares of the company's stock valued at $40,000 after buying an additional 152 shares during the last quarter. WCM Investment Management LLC grew its stake in shares of Elastic by 0.7% during the first quarter. WCM Investment Management LLC now owns 23,811 shares of the company's stock valued at $2,183,000 after buying an additional 169 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of Elastic by 5.1% during the second quarter. Janney Montgomery Scott LLC now owns 3,997 shares of the company's stock valued at $337,000 after buying an additional 194 shares during the last quarter. Institutional investors own 97.03% of the company's stock.

Insider Buying and Selling at Elastic

In other Elastic news, CTO Shay Banon sold 104,326 shares of Elastic stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $90.34, for a total transaction of $9,424,810.84. Following the sale, the chief technology officer directly owned 4,363,780 shares of the company's stock, valued at approximately $394,223,885.20. The trade was a 2.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ashutosh Kulkarni sold 5,000 shares of Elastic stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $88.12, for a total value of $440,600.00. Following the sale, the chief executive officer directly owned 452,314 shares in the company, valued at approximately $39,857,909.68. The trade was a 1.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 350,792 shares of company stock worth $30,978,369. Insiders own 12.70% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ESTC. Scotiabank set a $90.00 price objective on Elastic and gave the company a "sector perform" rating in a research note on Monday. Guggenheim raised their price objective on Elastic from $107.00 to $122.00 and gave the company a "buy" rating in a research note on Friday, August 29th. Canaccord Genuity Group raised their price objective on Elastic from $110.00 to $120.00 and gave the company a "buy" rating in a research note on Friday, August 29th. DA Davidson began coverage on Elastic in a research note on Friday, August 29th. They set a "neutral" rating and a $105.00 price objective on the stock. Finally, Morgan Stanley raised their price objective on Elastic from $115.00 to $120.00 and gave the company an "overweight" rating in a research note on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $118.60.

Elastic Stock Down 4.3%

NYSE ESTC opened at $80.39 on Wednesday. The business's 50-day moving average is $83.40 and its 200 day moving average is $84.83. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.09 and a quick ratio of 2.09. The stock has a market capitalization of $8.54 billion, a PE ratio of -100.48 and a beta of 1.05. Elastic N.V. has a 1 year low of $70.14 and a 1 year high of $118.84.

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.

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