Elastic (NYSE:ESTC - Get Free Report) CEO Ashutosh Kulkarni sold 22,901 shares of the company's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $86.91, for a total value of $1,990,325.91. Following the completion of the transaction, the chief executive officer now owns 454,841 shares of the company's stock, valued at $39,530,231.31. This trade represents a 4.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Ashutosh Kulkarni also recently made the following trade(s):
- On Tuesday, March 25th, Ashutosh Kulkarni sold 5,000 shares of Elastic stock. The stock was sold at an average price of $102.64, for a total transaction of $513,200.00.
Elastic Price Performance
Shares of NYSE:ESTC traded up $0.12 during trading on Thursday, reaching $83.29. The company had a trading volume of 1,142,963 shares, compared to its average volume of 1,501,392. The company has a fifty day moving average of $84.71 and a two-hundred day moving average of $97.25. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $8.70 billion, a P/E ratio of 151.44 and a beta of 1.07. Elastic has a 12 month low of $69.00 and a 12 month high of $123.96.
Elastic (NYSE:ESTC - Get Free Report) last announced its earnings results on Thursday, May 29th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.10. Elastic had a net margin of 4.39% and a negative return on equity of 13.20%. The company had revenue of $388.43 million during the quarter, compared to analyst estimates of $380.61 million. During the same period in the previous year, the business earned $0.21 earnings per share. The firm's quarterly revenue was up 15.9% compared to the same quarter last year. Equities research analysts forecast that Elastic will post -0.77 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on ESTC. TD Securities decreased their price target on shares of Elastic from $125.00 to $105.00 and set a "hold" rating for the company in a research note on Wednesday, May 21st. Piper Sandler decreased their target price on Elastic from $135.00 to $120.00 and set an "overweight" rating for the company in a research report on Friday, May 30th. Wells Fargo & Company lowered their target price on Elastic from $150.00 to $120.00 and set an "overweight" rating on the stock in a research note on Friday, May 30th. Wall Street Zen upgraded Elastic from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. Finally, DA Davidson decreased their price objective on Elastic from $115.00 to $75.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Eight research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $113.63.
Check Out Our Latest Stock Report on ESTC
Hedge Funds Weigh In On Elastic
Large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Elastic by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 9,352,108 shares of the company's stock worth $926,607,000 after buying an additional 168,483 shares in the last quarter. Sylebra Capital LLC boosted its stake in shares of Elastic by 62.6% in the 4th quarter. Sylebra Capital LLC now owns 4,561,462 shares of the company's stock valued at $451,950,000 after purchasing an additional 1,756,842 shares in the last quarter. Pictet Asset Management Holding SA grew its holdings in shares of Elastic by 15.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 3,429,756 shares of the company's stock valued at $339,820,000 after purchasing an additional 462,974 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Elastic by 5,437.6% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,288,128 shares of the company's stock worth $203,872,000 after purchasing an additional 2,246,808 shares during the period. Finally, Geode Capital Management LLC raised its position in Elastic by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 1,439,412 shares of the company's stock worth $142,663,000 after purchasing an additional 45,076 shares during the period. 97.03% of the stock is owned by hedge funds and other institutional investors.
Elastic Company Profile
(
Get Free Report)
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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