Elastic (NYSE:ESTC - Get Free Report) CRO Mark Eugene Dodds sold 2,755 shares of the business's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $90.77, for a total transaction of $250,071.35. Following the completion of the sale, the executive now directly owns 96,484 shares of the company's stock, valued at $8,757,852.68. This represents a 2.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Elastic Price Performance
ESTC traded up $3.22 during trading on Friday, hitting $94.89. 492,967 shares of the company traded hands, compared to its average volume of 1,305,831. Elastic has a 1 year low of $69.00 and a 1 year high of $123.96. The company has a market cap of $9.91 billion, a PE ratio of 172.53 and a beta of 1.20. The stock's 50-day simple moving average is $105.80 and its two-hundred day simple moving average is $95.07. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.70.
Elastic (NYSE:ESTC - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.47 by ($0.48). Elastic had a net margin of 4.39% and a negative return on equity of 13.20%. The business had revenue of $382.08 million for the quarter, compared to analysts' expectations of $368.85 million. As a group, sell-side analysts anticipate that Elastic will post -0.77 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on ESTC. UBS Group upped their price objective on shares of Elastic from $140.00 to $148.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Piper Sandler increased their price target on shares of Elastic from $130.00 to $135.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Barclays increased their price target on shares of Elastic from $105.00 to $138.00 and gave the company an "overweight" rating in a report on Monday, November 25th. Cantor Fitzgerald assumed coverage on shares of Elastic in a report on Friday, January 17th. They set a "neutral" rating and a $108.00 price target on the stock. Finally, Robert W. Baird increased their price objective on shares of Elastic from $135.00 to $140.00 and gave the company an "outperform" rating in a research report on Friday, February 28th. Seven investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $131.52.
Check Out Our Latest Stock Report on Elastic
Institutional Investors Weigh In On Elastic
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ESTC. 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 purchased a new position in Elastic in the 4th quarter valued at about $26,000. Venturi Wealth Management LLC lifted its stake in Elastic by 793.3% in 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 in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in Elastic by 126.4% in 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 in the last quarter. 97.03% of the stock is owned by institutional investors and hedge funds.
Elastic Company Profile
(
Get Free Report)
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.
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