Elastic (NYSE:ESTC - Get Free Report) insider Carolyn Herzog sold 5,702 shares of Elastic stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $86.91, for a total value of $495,560.82. Following the completion of the sale, the insider now directly owns 93,985 shares in the company, valued at approximately $8,168,236.35. This represents a 5.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Elastic Price Performance
Shares of NYSE:ESTC traded down $3.93 during trading on Friday, reaching $79.32. 2,595,142 shares of the company traded hands, compared to its average volume of 1,507,262. The company's 50 day moving average is $85.02 and its two-hundred day moving average is $96.83. The firm has a market capitalization of $8.28 billion, a PE ratio of 144.22 and a beta of 1.07. 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 has a 52 week low of $69.00 and a 52 week high of $123.96.
Elastic (NYSE:ESTC - Get Free Report) last released its earnings results 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 firm had revenue of $388.43 million during the quarter, compared to the consensus estimate of $380.61 million. Elastic had a negative return on equity of 13.20% and a net margin of 4.39%. The company's revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.21 EPS. As a group, sell-side analysts predict that Elastic will post -0.77 earnings per share for the current year.
Institutional Trading of Elastic
A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Elastic by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 9,352,108 shares of the company's stock valued at $926,607,000 after acquiring an additional 168,483 shares during the period. Sylebra Capital LLC lifted its position in shares of Elastic by 62.6% during the 4th quarter. Sylebra Capital LLC now owns 4,561,462 shares of the company's stock worth $451,950,000 after buying an additional 1,756,842 shares during the last quarter. Pictet Asset Management Holding SA lifted its position 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 worth $339,820,000 after buying an additional 462,974 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Elastic by 5,437.6% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,288,128 shares of the company's stock worth $203,872,000 after buying an additional 2,246,808 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Elastic by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 1,439,412 shares of the company's stock worth $142,663,000 after buying an additional 45,076 shares during the last quarter. 97.03% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several research firms have weighed in on ESTC. Piper Sandler lowered their price target on Elastic from $135.00 to $120.00 and set an "overweight" rating on the stock in a research report on Friday, May 30th. Wells Fargo & Company lowered their price target on Elastic from $150.00 to $120.00 and set an "overweight" rating on the stock in a research report on Friday, May 30th. Barclays lowered their price target on Elastic from $124.00 to $105.00 and set an "overweight" rating on the stock in a research report on Friday, May 30th. Jefferies Financial Group lowered their price target on Elastic from $125.00 to $110.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Finally, Morgan Stanley lowered their price target on Elastic from $140.00 to $120.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Eight analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $113.63.
Read Our Latest Stock Report on ESTC
About Elastic
(
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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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