Tudor Investment Corp ET AL Has $21.01 Million Stake in Elastic (NYSE:ESTC)

Tudor Investment Corp ET AL boosted its stake in shares of Elastic (NYSE:ESTC - Free Report) by 5,972.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 212,055 shares of the company's stock after acquiring an additional 208,563 shares during the quarter. Tudor Investment Corp ET AL owned 0.20% of Elastic worth $21,010,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Sigma Planning Corp lifted its position in shares of Elastic by 3.7% during the fourth quarter. Sigma Planning Corp now owns 3,929 shares of the company's stock worth $389,000 after purchasing an additional 139 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of Elastic by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 3,053 shares of the company's stock worth $302,000 after purchasing an additional 151 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Elastic by 126.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 283 shares of the company's stock worth $28,000 after purchasing an additional 158 shares in the last quarter. Resolute Advisors LLC lifted its position in shares of Elastic by 7.1% during the fourth quarter. Resolute Advisors LLC now owns 3,255 shares of the company's stock worth $323,000 after purchasing an additional 217 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in shares of Elastic by 0.7% during the fourth quarter. Van ECK Associates Corp now owns 32,954 shares of the company's stock worth $3,265,000 after purchasing an additional 220 shares in the last quarter. 97.03% of the stock is owned by institutional investors.

Insider Activity at Elastic

In other Elastic news, CTO Shay Banon sold 25,668 shares of the stock in a transaction on 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 sale, the chief technology officer now owns 2,408,541 shares in the company, valued at $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 SEC, which is available through this link. Also, insider Carolyn Herzog sold 3,334 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $90.78, for a total transaction of $302,660.52. Following the completion of the sale, the insider now owns 84,152 shares of the company's stock, valued at approximately $7,639,318.56. This represents a 3.81 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 198,304 shares of company stock valued at $20,847,452. Corporate insiders own 15.90% of the company's stock.

Analyst Ratings Changes

ESTC has been the topic of a number of research reports. DA Davidson reduced their target price on shares of Elastic from $115.00 to $75.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Piper Sandler upped their target price on shares of Elastic from $130.00 to $135.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. UBS Group increased their price objective on shares of Elastic from $140.00 to $148.00 and gave the company a "buy" rating in a report on Friday, February 28th. Morgan Stanley cut their price objective on shares of Elastic from $140.00 to $120.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Finally, Guggenheim increased their price objective on shares of Elastic from $130.00 to $136.00 and gave the company a "buy" rating in a report on Friday, February 28th. Seven research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $127.48.

Elastic Stock Down 0.2 %

Shares of ESTC stock traded down $0.15 during trading hours on Thursday, hitting $86.05. 1,716,658 shares of the company were exchanged, compared to its average volume of 1,392,896. The business has a 50 day moving average of $90.17 and a two-hundred day moving average of $96.52. The company has a current ratio of 1.99, a quick 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. The company has a market capitalization of $8.98 billion, a PE ratio of 156.46 and a beta of 1.19.

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

About Elastic

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.