14,380 Shares in Elastic (NYSE:ESTC) Acquired by 272 Capital LP

272 Capital LP bought a new position in Elastic (NYSE:ESTC - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 14,380 shares of the company's stock, valued at approximately $1,104,000.

Several other large investors also recently made changes to their positions in ESTC. Asset Dedication LLC raised its stake in shares of Elastic by 1,333.3% during the second quarter. Asset Dedication LLC now owns 301 shares of the company's stock valued at $34,000 after purchasing an additional 280 shares in the last quarter. AlphaCentric Advisors LLC bought a new stake in shares of Elastic during the 2nd quarter worth about $40,000. Quarry LP acquired a new stake in shares of Elastic in the 2nd quarter worth approximately $40,000. Signaturefd LLC boosted its holdings in shares of Elastic by 44.1% in the second quarter. Signaturefd LLC now owns 389 shares of the company's stock valued at $44,000 after acquiring an additional 119 shares in the last quarter. Finally, Eastern Bank acquired a new position in shares of Elastic during the third quarter valued at approximately $61,000. Institutional investors and hedge funds own 97.03% of the company's stock.

Elastic Stock Performance

Shares of ESTC traded down $3.20 during trading hours on Friday, reaching $104.06. 1,486,562 shares of the company traded hands, compared to its average volume of 1,348,112. 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's fifty day moving average is $91.22 and its 200 day moving average is $97.28. Elastic has a 1-year low of $69.00 and a 1-year high of $136.06. The stock has a market cap of $10.78 billion, a P/E ratio of 195.02 and a beta of 1.02.

Wall Street Analyst Weigh In

ESTC has been the topic of several recent research reports. William Blair raised shares of Elastic from a "market perform" rating to an "outperform" rating in a research note on Monday, October 14th. Scotiabank lifted their price target on shares of Elastic from $92.00 to $135.00 and gave the stock a "sector outperform" rating in a research report on Friday, November 22nd. TD Cowen cut their price objective on Elastic from $110.00 to $80.00 and set a "hold" rating for the company in a research report on Friday, August 30th. The Goldman Sachs Group raised their price objective on Elastic from $99.00 to $113.00 and gave the stock a "neutral" rating in a research note on Friday, November 22nd. Finally, UBS Group cut their target price on Elastic from $135.00 to $95.00 and set a "buy" rating on the stock in a research report on Friday, August 30th. Five 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's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $126.33.

Insider Buying and Selling at Elastic

In related news, insider Carolyn Herzog sold 11,145 shares of the business's stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $111.34, for a total value of $1,240,884.30. Following the sale, the insider now owns 92,011 shares of the company's stock, valued at $10,244,504.74. The trade was a 10.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Shay Banon sold 150,000 shares of Elastic stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $110.92, for a total value of $16,638,000.00. Following the transaction, the chief technology officer now directly owns 2,604,978 shares of the company's stock, valued at approximately $288,944,159.76. The trade was a 5.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.