5,000 Shares in Elastic (NYSE:ESTC) Purchased by OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Elastic (NYSE:ESTC - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,000 shares of the company's stock, valued at approximately $495,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Sigma Planning Corp boosted its stake in Elastic by 3.7% in the 4th quarter. Sigma Planning Corp now owns 3,929 shares of the company's stock worth $389,000 after purchasing an additional 139 shares during the period. CIBC Asset Management Inc boosted its stake in Elastic by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 3,053 shares of the company's stock worth $302,000 after purchasing an additional 151 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of Elastic by 126.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 283 shares of the company's stock valued at $28,000 after acquiring an additional 158 shares during the last quarter. Resolute Advisors LLC boosted its position in shares of Elastic by 7.1% during the 4th quarter. Resolute Advisors LLC now owns 3,255 shares of the company's stock valued at $323,000 after acquiring an additional 217 shares during the last quarter. Finally, Van ECK Associates Corp boosted its position in shares of Elastic by 0.7% during the 4th quarter. Van ECK Associates Corp now owns 32,954 shares of the company's stock valued at $3,265,000 after acquiring an additional 220 shares during the last quarter. 97.03% of the stock is currently owned by institutional investors.

Elastic Trading Down 1.8%

ESTC stock traded down $1.68 during midday trading on Monday, reaching $90.65. The company's stock had a trading volume of 778,698 shares, compared to its average volume of 1,437,111. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.99 and a current ratio of 1.99. The stock has a fifty day simple moving average of $86.56 and a two-hundred day simple moving average of $97.37. Elastic has a 1 year low of $69.00 and a 1 year high of $123.96. The firm has a market capitalization of $9.46 billion, a price-to-earnings ratio of 165.02 and a beta of 1.20.

Elastic (NYSE:ESTC - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.47 by ($0.48). The firm had revenue of $382.08 million for the quarter, compared to analysts' expectations of $368.85 million. Elastic had a net margin of 4.39% and a negative return on equity of 13.20%. On average, equities research analysts predict that Elastic will post -0.77 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on ESTC shares. Scotiabank lowered their target price on Elastic from $140.00 to $137.00 and set a "sector outperform" rating for the company in a research report on Thursday, March 27th. Rosenblatt Securities reiterated a "buy" rating and set a $130.00 target price on shares of Elastic in a research report on Tuesday, February 25th. Canaccord Genuity Group increased their target price on Elastic from $130.00 to $135.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Barclays lowered their target price on Elastic from $138.00 to $124.00 and set an "overweight" rating for the company in a research report on Friday. Finally, Piper Sandler increased their target price on Elastic from $130.00 to $135.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $126.87.

Insider Buying and Selling at Elastic

In other Elastic news, CTO Shay Banon sold 25,668 shares of the firm's stock in a transaction dated Sunday, March 2nd. The stock was sold at an average price of $112.53, for a total value of $2,888,420.04. Following the completion of the sale, the chief technology officer now owns 2,408,541 shares of the company's stock, valued at approximately $271,033,118.73. This trade represents a 1.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ashutosh Kulkarni sold 18,735 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $90.77, for a total value of $1,700,575.95. Following the completion of the sale, the chief executive officer now directly owns 376,591 shares of the company's stock, valued at approximately $34,183,165.07. This represents a 4.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 198,304 shares of company stock worth $20,847,452 over the last quarter. Insiders own 15.90% of the company's stock.

Elastic 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.