Robeco Institutional Asset Management B.V. Makes New Investment in Elastic N.V. (NYSE:ESTC)

Robeco Institutional Asset Management B.V. bought a new stake in shares of Elastic N.V. (NYSE:ESTC - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 9,892 shares of the company's stock, valued at approximately $881,000.

Other large investors have also recently modified their holdings of the company. Perigon Wealth Management LLC grew its position in Elastic by 16.9% in the 1st quarter. Perigon Wealth Management LLC now owns 5,725 shares of the company's stock valued at $510,000 after acquiring an additional 828 shares during the last quarter. Lecap Asset Management Ltd. grew its position in Elastic by 7.5% in the 1st quarter. Lecap Asset Management Ltd. now owns 26,846 shares of the company's stock valued at $2,392,000 after acquiring an additional 1,877 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in Elastic in the 1st quarter valued at $205,000. Palumbo Wealth Management LLC grew its position in Elastic by 33.5% in the 1st quarter. Palumbo Wealth Management LLC now owns 3,403 shares of the company's stock valued at $303,000 after acquiring an additional 853 shares during the last quarter. Finally, Vanderbilt University bought a new position in Elastic in the 1st quarter valued at $5,201,000. Institutional investors own 97.03% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. KeyCorp assumed coverage on Elastic in a research report on Tuesday, June 10th. They issued a "sector weight" rating on the stock. Wedbush lowered their target price on Elastic from $135.00 to $110.00 and set an "outperform" rating for the company in a report on Friday, May 30th. Cantor Fitzgerald lowered their target price on Elastic from $109.00 to $92.00 and set a "neutral" rating for the company in a report on Friday, May 30th. Wall Street Zen upgraded Elastic from a "hold" rating to a "buy" rating in a report on Friday, May 30th. Finally, Morgan Stanley lowered their target price on Elastic from $140.00 to $120.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Eight equities 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $113.52.

Insider Activity

In related news, insider Carolyn Herzog sold 5,702 shares of the firm's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $86.91, for a total transaction of $495,560.82. Following the sale, the insider directly owned 93,985 shares of the company's stock, valued at $8,168,236.35. This trade represents a 5.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ashutosh Kulkarni sold 22,901 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer directly owned 454,841 shares in the company, valued at approximately $39,530,231.31. This trade represents 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 valued at $4,416,324 over the last 90 days. Company insiders own 15.90% of the company's stock.

Elastic Stock Up 3.9%

NYSE:ESTC traded up $3.28 during mid-day trading on Friday, hitting $87.48. 1,212,467 shares of the company's stock traded hands, compared to its average volume of 1,541,695. The company has a fifty day moving average of $86.37 and a 200 day moving average of $94.12. Elastic N.V. has a twelve month low of $69.00 and a twelve month high of $123.96. The company has a market capitalization of $9.23 billion, a P/E ratio of -83.31 and a beta of 1.07. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.92 and a current ratio of 1.92.

Elastic (NYSE:ESTC - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The company reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates 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 return on equity of 4.46% and a negative net margin of 7.29%. The company's revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.21 earnings per share. On average, analysts forecast that Elastic N.V. will post -0.77 EPS for the current year.

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.