Trexquant Investment LP Has $1.35 Million Stock Holdings in Elastic N.V. $ESTC

Key Points

• Trexquant Investment LP reduced its holdings in Elastic N.V. by 94.0%, selling 237,336 shares, and currently owns 15,098 shares valued at approximately $1.35 million.
• Several hedge funds, including Cloud Capital Management LLC and North Capital Inc., have initiated new stakes in Elastic, while others like Signaturefd LLC and Smartleaf Asset Management LLC have increased their holdings significantly.
• Analyst ratings for Elastic have varied, with Zacks Research downgrading the stock to a "hold" while others like Canaccord Genuity Group raised the price target, resulting in a consensus rating of "Moderate Buy" and a target price of $120.00.

Trexquant Investment LP lowered its stake in Elastic N.V. (NYSE:ESTC - Free Report) by 94.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,098 shares of the company's stock after selling 237,336 shares during the period. Trexquant Investment LP's holdings in Elastic were worth $1,345,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in ESTC. Cloud Capital Management LLC acquired a new stake in shares of Elastic during the first quarter worth $25,000. Fourth Dimension Wealth LLC purchased a new position in Elastic during the fourth quarter worth about $26,000. Signaturefd LLC raised its holdings in shares of Elastic by 53.7% in the 1st quarter. Signaturefd LLC now owns 335 shares of the company's stock worth $30,000 after purchasing an additional 117 shares during the period. North Capital Inc. purchased a new stake in shares of Elastic during the 1st quarter valued at about $37,000. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Elastic by 53.7% during the 1st 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 period. Institutional investors and hedge funds own 97.03% of the company's stock.

Wall Street Analysts Forecast Growth

ESTC has been the subject of several research reports. KeyCorp initiated coverage on Elastic in a research report on Tuesday, June 10th. They issued a "sector weight" rating for the company. DA Davidson initiated coverage on Elastic in a research report on Friday, August 29th. They set a "neutral" rating and a $105.00 price target for the company. TD Securities cut their price objective on Elastic from $125.00 to $105.00 and set a "hold" rating for the company in a report on Wednesday, May 21st. Mizuho boosted their target price on Elastic from $100.00 to $119.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Finally, Wells Fargo & Company cut their target price on Elastic from $150.00 to $120.00 and set an "overweight" rating on the stock in a research report on Friday, May 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and nine have given a Hold rating to the company's stock. According to data from MarketBeat.com, Elastic has a consensus rating of "Moderate Buy" and an average price target of $120.00.

Elastic Trading Down 0.8%

Shares of Elastic stock traded down $0.72 during trading on Thursday, reaching $89.21. 1,368,703 shares of the company were exchanged, compared to its average volume of 2,439,210. The business has a 50-day moving average price of $83.48 and a 200-day moving average price of $86.56. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $9.48 billion, a price-to-earnings ratio of -111.51 and a beta of 1.04. Elastic N.V. has a twelve month low of $70.14 and a twelve month high of $118.84.

Insider Buying and Selling at Elastic

In other Elastic news, insider Carolyn Herzog sold 5,143 shares of the business's stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $90.12, for a total transaction of $463,487.16. Following the transaction, the insider owned 94,677 shares of the company's stock, valued at $8,532,291.24. The trade was a 5.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Mark Eugene Dodds sold 5,037 shares of Elastic stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $90.12, for a total value of $453,934.44. Following the sale, the executive directly owned 167,284 shares of the company's stock, valued at approximately $15,075,634.08. The trade was a 2.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 347,036 shares of company stock valued at $30,640,286 in the last ninety days. Insiders own 12.70% of the company's stock.

Elastic Company 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.