Jump Financial LLC Increases Stock Holdings in Elastic (NYSE:ESTC)

Jump Financial LLC lifted its position in shares of Elastic (NYSE:ESTC - Free Report) by 206.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,211 shares of the company's stock after acquiring an additional 16,323 shares during the period. Jump Financial LLC's holdings in Elastic were worth $2,729,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in ESTC. Rakuten Securities Inc. bought a new stake in shares of Elastic in the fourth quarter worth approximately $25,000. Covestor Ltd lifted its holdings in shares of Elastic by 168.3% during the 3rd quarter. Covestor Ltd now owns 448 shares of the company's stock valued at $36,000 after buying an additional 281 shares during the period. GAMMA Investing LLC purchased a new position in shares of Elastic in the 4th quarter worth $39,000. Cypress Capital Management LLC WY bought a new stake in shares of Elastic in the fourth quarter worth $45,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Elastic in the fourth quarter worth $97,000. Institutional investors own 97.03% of the company's stock.

Insider Activity

In other Elastic news, CFO Janesh Moorjani sold 5,515 shares of the company's stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $103.28, for a total transaction of $569,589.20. Following the sale, the chief financial officer now directly owns 156,797 shares in the company, valued at $16,193,994.16. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO Janesh Moorjani sold 5,515 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $103.28, for a total value of $569,589.20. Following the sale, the chief financial officer now owns 156,797 shares of the company's stock, valued at $16,193,994.16. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Ashutosh Kulkarni sold 15,778 shares of Elastic stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $103.28, for a total transaction of $1,629,551.84. Following the transaction, the chief executive officer now directly owns 364,235 shares of the company's stock, valued at $37,618,190.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 962,440 shares of company stock worth $94,535,764. 18.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Stifel Nicolaus raised their target price on Elastic from $99.00 to $130.00 and gave the stock a "buy" rating in a research report on Friday, March 1st. Royal Bank of Canada boosted their price objective on shares of Elastic from $134.00 to $147.00 and gave the company an "overweight" rating in a research report on Monday, March 4th. The Goldman Sachs Group upped their price objective on Elastic from $93.00 to $106.00 and gave the stock a "neutral" rating in a research note on Friday, March 1st. Oppenheimer lifted their target price on Elastic from $110.00 to $130.00 and gave the company an "outperform" rating in a research report on Friday, March 1st. Finally, TheStreet upgraded Elastic from a "d+" rating to a "c-" rating in a research report on Wednesday, February 7th. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $111.26.

Elastic Price Performance

Shares of NYSE:ESTC traded up $1.35 during mid-day trading on Monday, reaching $107.40. The stock had a trading volume of 580,061 shares, compared to its average volume of 1,312,246. The company has a market cap of $10.83 billion, a P/E ratio of 230.54 and a beta of 0.92. The business's 50 day moving average price is $102.03 and its 200 day moving average price is $104.71. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.80. Elastic has a 1 year low of $57.38 and a 1 year high of $136.06.

Elastic (NYSE:ESTC - Get Free Report) last posted its earnings results on Thursday, February 29th. The company reported ($0.27) EPS for the quarter, beating analysts' consensus estimates of ($0.28) by $0.01. Elastic had a negative return on equity of 23.94% and a net margin of 4.63%. The firm had revenue of $327.96 million during the quarter, compared to the consensus estimate of $320.48 million. Research analysts expect that Elastic will post -1.13 EPS for the current fiscal year.

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.