Baader Bank Aktiengesellschaft Purchases 5,000 Shares of Elastic (NYSE:ESTC)

Baader Bank Aktiengesellschaft lifted its position in Elastic (NYSE:ESTC - Free Report) by 29.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 22,000 shares of the company's stock after purchasing an additional 5,000 shares during the period. Baader Bank Aktiengesellschaft's holdings in Elastic were worth $2,180,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Geneos Wealth Management Inc. bought a new stake in Elastic in the fourth quarter valued at $25,000. Quarry LP bought a new stake in Elastic in the second quarter valued at $40,000. Eastern Bank bought a new stake in Elastic in the third quarter valued at $61,000. FNY Investment Advisers LLC boosted its holdings in Elastic by 87.3% in the fourth quarter. FNY Investment Advisers LLC now owns 749 shares of the company's stock valued at $74,000 after acquiring an additional 349 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in Elastic by 21.2% in the third quarter. Blue Trust Inc. now owns 2,582 shares of the company's stock valued at $198,000 after acquiring an additional 452 shares in the last quarter. Institutional investors own 97.03% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on ESTC. Baird R W upgraded shares of Elastic from a "hold" rating to a "strong-buy" rating in a report on Friday, November 22nd. Wedbush lowered Elastic from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 18th. Truist Financial raised their price objective on Elastic from $105.00 to $135.00 and gave the company a "buy" rating in a research report on Friday, November 22nd. Barclays lifted their price target on Elastic from $105.00 to $138.00 and gave the stock an "overweight" rating in a research report on Monday, November 25th. Finally, JPMorgan Chase & Co. lifted their price target on Elastic from $100.00 to $130.00 and gave the stock an "overweight" rating in a research report on Friday, November 22nd. Seven investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $125.35.

Elastic Price Performance

Shares of ESTC traded down $1.31 during mid-day trading on Thursday, hitting $111.99. 633,859 shares of the stock were exchanged, compared to its average volume of 1,334,205. The company has a market cap of $11.61 billion, a PE ratio of 203.58 and a beta of 1.06. Elastic has a 52-week low of $69.00 and a 52-week high of $136.06. The firm has a 50-day moving average of $104.41 and a two-hundred day moving average of $95.14. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.99 and a current ratio of 1.99.

Insider Transactions at Elastic

In other Elastic news, insider Carolyn Herzog sold 11,145 shares of the company'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 transaction, the insider now owns 92,011 shares of the company's stock, valued at $10,244,504.74. This represents a 10.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Ashutosh Kulkarni sold 7,017 shares of the company's stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $108.12, for a total value of $758,678.04. Following the completion of the transaction, the chief executive officer now directly owns 395,326 shares in the company, valued at $42,742,647.12. This trade represents a 1.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 168,162 shares of company stock valued at $18,637,562 in the last ninety days. Corporate 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.