Sender Co & Partners Inc. Invests $421,000 in Elastic (NYSE:ESTC)

Sender Co & Partners Inc. acquired a new stake in shares of Elastic (NYSE:ESTC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,251 shares of the company's stock, valued at approximately $421,000.

A number of other institutional investors have also recently bought and sold shares of the company. Barclays PLC raised its position in Elastic by 56.2% in the 3rd quarter. Barclays PLC now owns 153,155 shares of the company's stock valued at $11,757,000 after buying an additional 55,084 shares during the last quarter. Oak Thistle LLC acquired a new position in shares of Elastic during the 4th quarter worth approximately $357,000. Nisa Investment Advisors LLC increased its holdings in shares of Elastic by 3,442.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 14,525 shares of the company's stock worth $1,439,000 after acquiring an additional 14,115 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Elastic during the 4th quarter worth approximately $7,293,000. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Elastic during the 4th quarter worth approximately $202,000. Institutional investors and hedge funds own 97.03% of the company's stock.

Elastic Price Performance

Shares of Elastic stock traded up $2.01 during trading hours on Tuesday, hitting $94.30. The company's stock had a trading volume of 2,327,279 shares, compared to its average volume of 1,448,931. 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 company has a market cap of $9.85 billion, a PE ratio of 171.45 and a beta of 1.20. Elastic has a 12-month low of $69.00 and a 12-month high of $123.96. The business has a 50 day moving average price of $86.48 and a two-hundred day moving average price of $97.42.

Elastic (NYSE:ESTC - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.48). The business had revenue of $382.08 million for the quarter, compared to the consensus estimate of $368.85 million. Elastic had a net margin of 4.39% and a negative return on equity of 13.20%. Analysts expect that Elastic will post -0.77 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Ashutosh Kulkarni sold 5,000 shares of Elastic stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $102.64, for a total value of $513,200.00. Following the completion of the transaction, the chief executive officer now owns 371,591 shares in the company, valued at $38,140,100.24. The trade was a 1.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Shay Banon sold 25,668 shares of Elastic stock in a transaction dated Sunday, March 2nd. The shares were sold at an average price of $112.53, for a total value of $2,888,420.04. Following the completion of the transaction, the chief technology officer now owns 2,408,541 shares of the company's stock, valued at approximately $271,033,118.73. This represents a 1.05% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 198,304 shares of company stock valued at $20,847,452. 15.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

ESTC has been the subject of several recent research reports. Morgan Stanley reduced their price target on Elastic from $140.00 to $120.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Barclays reduced their target price on Elastic from $138.00 to $124.00 and set an "overweight" rating on the stock in a report on Friday. Wells Fargo & Company increased their target price on Elastic from $135.00 to $150.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Jefferies Financial Group reduced their target price on Elastic from $125.00 to $110.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Finally, Canaccord Genuity Group increased their target price on Elastic from $130.00 to $135.00 and gave the stock a "buy" rating in a 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's stock. Based on data from MarketBeat, Elastic has an average rating of "Moderate Buy" and an average target price of $126.87.

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.