Barclays PLC Purchases 55,084 Shares of Elastic (NYSE:ESTC)

Barclays PLC lifted its stake in shares of Elastic (NYSE:ESTC - Free Report) by 56.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 153,155 shares of the company's stock after acquiring an additional 55,084 shares during the period. Barclays PLC owned approximately 0.15% of Elastic worth $11,757,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Asset Dedication LLC lifted its stake in Elastic by 1,333.3% in the second quarter. Asset Dedication LLC now owns 301 shares of the company's stock worth $34,000 after purchasing an additional 280 shares during the last quarter. AlphaCentric Advisors LLC bought a new stake in Elastic in the second quarter worth $40,000. Quarry LP bought a new stake in Elastic in the second quarter worth $40,000. Signaturefd LLC lifted its stake in Elastic by 44.1% in the second quarter. Signaturefd LLC now owns 389 shares of the company's stock worth $44,000 after purchasing an additional 119 shares during the last quarter. Finally, Eastern Bank bought a new stake in Elastic in the third quarter worth $61,000. 97.03% of the stock is owned by institutional investors.

Elastic Trading Up 2.5 %

Elastic stock traded up $2.60 during trading hours on Tuesday, hitting $107.21. The company had a trading volume of 1,538,513 shares, compared to its average volume of 1,347,289. The firm has a market cap of $11.11 billion, a P/E ratio of 195.00 and a beta of 1.02. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.99 and a current ratio of 1.99. Elastic has a 1 year low of $69.00 and a 1 year high of $136.06. The company has a 50-day moving average price of $92.27 and a two-hundred day moving average price of $97.30.

Analyst Upgrades and Downgrades

Several analysts have weighed in on ESTC shares. UBS Group lowered their price target on shares of Elastic from $135.00 to $95.00 and set a "buy" rating for the company in a research note on Friday, August 30th. Needham & Company LLC reaffirmed a "hold" rating on shares of Elastic in a research note on Friday, November 22nd. Baird R W raised shares of Elastic from a "hold" rating to a "strong-buy" rating in a research note on Friday, November 22nd. The Goldman Sachs Group upped their price objective on shares of Elastic from $99.00 to $113.00 and gave the company a "neutral" rating in a research note on Friday, November 22nd. Finally, Jefferies Financial Group upped their price objective on shares of Elastic from $110.00 to $135.00 and gave the company a "buy" rating in a research note on Friday, November 22nd. Five investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $126.50.

Insider Buying and Selling at Elastic

In other news, CTO Shay Banon sold 150,000 shares of the business's stock in a transaction dated 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 completion of the sale, the chief technology officer now owns 2,604,978 shares in the company, valued at approximately $288,944,159.76. The trade was a 5.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 transaction of $1,240,884.30. Following the completion of the sale, the insider now owns 92,011 shares of the company's stock, valued at approximately $10,244,504.74. This represents a 10.80 % decrease in their position. The disclosure for this sale can be found here. 15.90% of the stock is owned by corporate insiders.

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.