Elastic (NYSE:ESTC) Stock Position Lifted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its holdings in shares of Elastic (NYSE:ESTC - Free Report) by 2.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 545,870 shares of the company's stock after purchasing an additional 14,590 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.53% of Elastic worth $41,901,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. 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 acquiring an additional 280 shares during the last quarter. AlphaCentric Advisors LLC purchased a new position in Elastic in the second quarter valued at $40,000. Quarry LP acquired a new stake in Elastic in the second quarter valued at $40,000. Lynx Investment Advisory purchased a new stake in Elastic during the 2nd quarter worth about $43,000. Finally, Signaturefd LLC boosted its position in shares of Elastic by 44.1% during the 2nd quarter. Signaturefd LLC now owns 389 shares of the company's stock worth $44,000 after acquiring an additional 119 shares in the last quarter. Hedge funds and other institutional investors own 97.03% of the company's stock.

Elastic Stock Down 0.1 %

Shares of NYSE ESTC traded down $0.14 during midday trading on Tuesday, reaching $112.95. 1,395,203 shares of the company's stock were exchanged, compared to its average volume of 1,336,222. 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 52-week low of $69.00 and a 52-week high of $136.06. The business's fifty day moving average price is $85.99 and its two-hundred day moving average price is $97.04. The stock has a market capitalization of $11.71 billion, a PE ratio of 205.35 and a beta of 1.02.

Insider Buying and Selling at Elastic

In other Elastic news, CTO Shay Banon sold 2,666 shares of the company's stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $70.25, for a total transaction of $187,286.50. Following the sale, the chief technology officer now owns 4,543,190 shares in the company, valued at $319,159,097.50. This represents a 0.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CRO Mark Eugene Dodds sold 3,661 shares of Elastic stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $70.25, for a total value of $257,185.25. Following the completion of the transaction, the executive now owns 102,683 shares of the company's stock, valued at approximately $7,213,480.75. The trade was a 3.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 198,551 shares of company stock valued at $20,506,656 in the last three months. Corporate insiders own 15.90% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ESTC shares. Needham & Company LLC reaffirmed a "hold" rating on shares of Elastic in a report on Friday, November 22nd. Citigroup upped their price objective on shares of Elastic from $136.00 to $150.00 and gave the company a "buy" rating in a research note on Monday, November 25th. Wells Fargo & Company lifted their target price on Elastic from $100.00 to $135.00 and gave the stock an "overweight" rating in a research report on Friday, November 22nd. Royal Bank of Canada raised their price objective on shares of Elastic from $110.00 to $130.00 and gave the stock an "outperform" rating in a research report on Friday, November 22nd. Finally, DA Davidson upped their price target on Elastic from $75.00 to $115.00 and gave the stock a "neutral" rating in a research note on Friday, November 22nd. Five equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Elastic currently has a consensus rating of "Moderate Buy" and an average target price of $126.33.

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.