Carolyn Herzog Sells 3,334 Shares of Elastic (NYSE:ESTC) Stock

Elastic (NYSE:ESTC) insider Carolyn Herzog sold 3,334 shares of Elastic stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $90.78, for a total value of $302,660.52. Following the transaction, the insider now directly owns 84,152 shares in the company, valued at approximately $7,639,318.56. The trade was a 3.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Elastic Trading Down 7.2 %

Shares of NYSE ESTC opened at $91.49 on Friday. Elastic has a one year low of $69.00 and a one year high of $123.96. The firm has a market capitalization of $9.55 billion, a PE ratio of 166.35 and a beta of 1.20. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.70. The business has a 50-day moving average price of $105.96 and a two-hundred day moving average price of $95.10.

Elastic (NYSE:ESTC) last announced its quarterly earnings data on Thursday, February 27th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.48). Elastic had a negative return on equity of 13.20% and a net margin of 4.39%. The business had revenue of $382.08 million for the quarter, compared to analyst estimates of $368.85 million. As a group, analysts predict that Elastic will post -0.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ESTC has been the topic of a number of research analyst reports. UBS Group lifted their target price on Elastic from $140.00 to $148.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Canaccord Genuity Group lifted 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. Guggenheim lifted their target price on Elastic from $130.00 to $136.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Baird R W raised Elastic from a “hold” rating to a “strong-buy” rating in a report on Friday, November 22nd. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Elastic in a report on Friday, November 22nd. Seven investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $131.52.

Institutional Investors Weigh In On Elastic

Institutional investors have recently made changes to their positions in the company. Geneos Wealth Management Inc. acquired a new stake in shares of Elastic during the 4th quarter valued at about $25,000. SBI Securities Co. Ltd. acquired a new stake in shares of Elastic during the 4th quarter valued at about $25,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Elastic during the 4th quarter valued at about $26,000. Venturi Wealth Management LLC lifted its holdings in shares of Elastic by 793.3% during the 4th quarter. Venturi Wealth Management LLC now owns 268 shares of the company’s stock valued at $27,000 after buying an additional 238 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings 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 buying an additional 158 shares during the last quarter. 97.03% of the stock is currently owned by institutional investors and hedge funds.

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.