Elastic (NYSE:ESTC - Get Free Report) CTO Shay Banon sold 2,683 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $90.78, for a total transaction of $243,562.74. Following the completion of the transaction, the chief technology officer now directly owns 4,535,456 shares in the company, valued at $411,728,695.68. This trade represents a 0.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shay Banon also recently made the following trade(s):
- On Tuesday, March 4th, Shay Banon sold 140,129 shares of Elastic stock. The stock was sold at an average price of $106.68, for a total transaction of $14,948,961.72.
- On Sunday, March 2nd, Shay Banon sold 25,668 shares of Elastic stock. The stock was sold at an average price of $112.53, for a total transaction of $2,888,420.04.
Elastic Stock Performance
ESTC traded up $3.22 on Friday, reaching $94.89. The company had a trading volume of 492,967 shares, 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 stock has a market capitalization of $9.91 billion, a PE ratio of 172.53 and a beta of 1.20. 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 stock has a 50-day moving average price of $105.80 and a 200-day moving average price of $95.07.
Elastic (NYSE:ESTC - Get Free Report) last announced its earnings results on Thursday, February 27th. The company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $368.85 million. As a group, research analysts forecast that Elastic will post -0.77 EPS for the current fiscal year.
Hedge Funds Weigh In On Elastic
Large investors have recently modified their holdings of the business. Geneos Wealth Management Inc. purchased a new stake in shares of Elastic during the 4th quarter worth $25,000. SBI Securities Co. Ltd. acquired a new stake in shares of Elastic during the 4th quarter valued at approximately $25,000. Fourth Dimension Wealth LLC acquired a new position in Elastic during the fourth quarter worth $26,000. Venturi Wealth Management LLC raised its holdings in Elastic by 793.3% during the fourth quarter. Venturi Wealth Management LLC now owns 268 shares of the company's stock worth $27,000 after purchasing an additional 238 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Elastic by 126.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 283 shares of the company's stock worth $28,000 after acquiring an additional 158 shares during the last quarter. 97.03% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research firms have weighed in on ESTC. Needham & Company LLC reissued 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 report on Friday, November 22nd. Canaccord Genuity Group lifted their price target on shares of Elastic from $130.00 to $135.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Wells Fargo & Company lifted their price target on shares of Elastic from $135.00 to $150.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $130.00 price target on shares of Elastic in a research report on Tuesday, February 25th. Seven investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $131.52.
View Our Latest Report on Elastic
About Elastic
(
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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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