Assenagon Asset Management S.A. Has $25.27 Million Position in Elastic (NYSE:ESTC)

Assenagon Asset Management S.A. lowered its stake in shares of Elastic (NYSE:ESTC - Free Report) by 31.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 255,012 shares of the company's stock after selling 118,436 shares during the quarter. Assenagon Asset Management S.A. owned about 0.25% of Elastic worth $25,267,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Quarry LP bought a new stake in shares of Elastic in the 2nd quarter worth approximately $40,000. Eastern Bank acquired a new position in shares of Elastic in the third quarter valued at $61,000. FNY Investment Advisers LLC lifted its position in Elastic by 87.3% in the fourth quarter. FNY Investment Advisers LLC now owns 749 shares of the company's stock worth $74,000 after purchasing an additional 349 shares during the period. Blue Trust Inc. boosted its stake in Elastic by 21.2% during the third quarter. Blue Trust Inc. now owns 2,582 shares of the company's stock worth $198,000 after buying an additional 452 shares in the last quarter. Finally, Private Advisor Group LLC bought a new stake in Elastic in the 3rd quarter valued at $211,000. 97.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ESTC. Guggenheim raised their price objective on shares of Elastic from $100.00 to $120.00 and gave the stock a "buy" rating in a report on Friday, November 22nd. Wedbush cut shares of Elastic from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 18th. Cantor Fitzgerald started coverage on Elastic in a research note on Friday. They issued a "neutral" rating and a $108.00 price objective on the stock. Stifel Nicolaus increased their target price on Elastic from $98.00 to $132.00 and gave the stock a "buy" rating in a report on Friday, November 22nd. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Elastic in a research note on Friday, November 22nd. Seven 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. Based on data from MarketBeat, Elastic has an average rating of "Moderate Buy" and an average price target of $125.70.

Insider Activity at Elastic

In other Elastic news, CTO Shay Banon sold 150,000 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $110.92, for a total transaction of $16,638,000.00. Following the completion of the transaction, the chief technology officer now owns 2,604,978 shares in the company, valued at approximately $288,944,159.76. This represents a 5.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Carolyn Herzog sold 11,145 shares of the business's stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $111.34, for a total value of $1,240,884.30. Following the completion of the sale, the insider now owns 92,011 shares in the company, valued at approximately $10,244,504.74. This trade represents a 10.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 168,162 shares of company stock worth $18,637,562. 15.90% of the stock is owned by insiders.

Elastic Trading Up 0.5 %

NYSE ESTC traded up $0.52 during trading hours on Friday, hitting $100.49. The company's stock had a trading volume of 1,125,920 shares, compared to its average volume of 1,188,502. Elastic has a twelve month low of $69.00 and a twelve month high of $136.06. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $10.41 billion, a P/E ratio of 182.70 and a beta of 1.06. The stock has a fifty day moving average of $101.38 and a 200 day moving average of $95.98.

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.