Elastic (NYSE:ESTC) Holdings Boosted by Teza Capital Management LLC

Teza Capital Management LLC grew its stake in shares of Elastic (NYSE:ESTC - Free Report) by 425.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,456 shares of the company's stock after purchasing an additional 61,097 shares during the period. Elastic makes up 1.1% of Teza Capital Management LLC's investment portfolio, making the stock its 8th largest holding. Teza Capital Management LLC owned approximately 0.07% of Elastic worth $7,476,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Barclays PLC raised its holdings in Elastic by 56.2% in the third quarter. Barclays PLC now owns 153,155 shares of the company's stock worth $11,757,000 after purchasing an additional 55,084 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of Elastic by 3,442.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 14,525 shares of the company's stock worth $1,439,000 after buying an additional 14,115 shares during the period. SG Americas Securities LLC bought a new position in shares of Elastic in the 4th quarter worth about $7,293,000. Janney Montgomery Scott LLC bought a new position in shares of Elastic in the 4th quarter worth about $202,000. Finally, Geneos Wealth Management Inc. purchased a new position in Elastic during the 4th quarter valued at about $25,000. Hedge funds and other institutional investors own 97.03% of the company's stock.

Elastic Stock Performance

NYSE:ESTC traded down $0.70 on Friday, hitting $92.31. The stock had a trading volume of 449,970 shares, compared to its average volume of 1,456,330. The business's 50-day simple moving average is $86.35 and its two-hundred day simple moving average is $97.47. The stock has a market cap of $9.64 billion, a price-to-earnings ratio of 167.93 and a beta of 1.20. Elastic has a 52-week low of $69.00 and a 52-week high of $123.96. 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 (NYSE:ESTC - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by ($0.48). Elastic had a negative return on equity of 13.20% and a net margin of 4.39%. The business had revenue of $382.08 million during the quarter, compared to analysts' expectations of $368.85 million. As a group, research analysts predict that Elastic will post -0.77 earnings per share for the current year.

Insider Transactions at Elastic

In other Elastic news, CRO Mark Eugene Dodds sold 2,755 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $90.77, for a total transaction of $250,071.35. Following the sale, the executive now owns 96,484 shares in the company, valued at approximately $8,757,852.68. This trade represents a 2.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Shay Banon sold 25,668 shares of the company's stock in a transaction that occurred on Sunday, March 2nd. The stock was sold at an average price of $112.53, for a total transaction of $2,888,420.04. Following the completion of the transaction, the chief technology officer now owns 2,408,541 shares of the company's stock, valued at approximately $271,033,118.73. The trade was a 1.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 198,304 shares of company stock worth $20,847,452 in the last 90 days. 15.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

ESTC has been the topic of a number of analyst reports. Scotiabank dropped their price target on Elastic from $140.00 to $137.00 and set a "sector outperform" rating on the stock in a research report on Thursday, March 27th. DA Davidson dropped their target price on Elastic from $115.00 to $75.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Canaccord Genuity Group increased their target price on Elastic from $130.00 to $135.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. TD Securities lowered their price target on Elastic from $125.00 to $105.00 and set a "hold" rating for the company in a research report on Wednesday. Finally, Wells Fargo & Company upped their price target on shares of Elastic from $135.00 to $150.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Nine research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $125.96.

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.