Swiss National Bank Purchases 3,000 Shares of Elastic (NYSE:ESTC)

Swiss National Bank boosted its position in Elastic (NYSE:ESTC - Free Report) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 171,800 shares of the company's stock after buying an additional 3,000 shares during the quarter. Swiss National Bank owned approximately 0.17% of Elastic worth $17,022,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in shares of Elastic during the 4th quarter worth approximately $25,000. Geneos Wealth Management Inc. acquired a new position in shares of Elastic during the 4th quarter worth approximately $25,000. Venturi Wealth Management LLC increased its position in shares of Elastic by 793.3% during the 4th 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. Smartleaf Asset Management LLC increased its position in shares of Elastic by 126.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 283 shares of the company's stock worth $28,000 after purchasing an additional 158 shares during the last quarter. Finally, Global Retirement Partners LLC increased its position in shares of Elastic by 1,065.2% during the 4th quarter. Global Retirement Partners LLC now owns 536 shares of the company's stock worth $53,000 after purchasing an additional 490 shares during the last quarter. Institutional investors and hedge funds own 97.03% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on ESTC. Truist Financial boosted their price target on Elastic from $135.00 to $145.00 and gave the stock a "buy" rating in a research report on Monday, March 3rd. Royal Bank of Canada boosted their target price on Elastic from $110.00 to $130.00 and gave the stock an "outperform" rating in a report on Friday, November 22nd. Oppenheimer boosted their target price on Elastic from $125.00 to $140.00 and gave the stock an "outperform" rating in a report on Friday, November 22nd. Baird R W raised Elastic from a "hold" rating to a "strong-buy" rating in a report on Friday, November 22nd. Finally, Piper Sandler boosted their target price on Elastic from $130.00 to $135.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. 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 company. Based on data from MarketBeat.com, Elastic presently has a consensus rating of "Moderate Buy" and a consensus price target of $131.52.

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Elastic Price Performance

Shares of ESTC traded up $2.15 during trading hours on Friday, hitting $96.96. 1,137,838 shares of the company were exchanged, compared to its average volume of 1,297,965. The company has a market cap of $10.12 billion, a price-to-earnings ratio of 176.29 and a beta of 1.20. Elastic has a fifty-two week low of $69.00 and a fifty-two week high of $123.96. 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 firm's fifty day moving average is $105.33 and its 200 day moving average is $95.07.

Elastic (NYSE:ESTC - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.48). The company had revenue of $382.08 million for the quarter, compared to analyst estimates of $368.85 million. Elastic had a negative return on equity of 13.20% and a net margin of 4.39%. On average, equities analysts anticipate that Elastic will post -0.77 earnings per share for the current fiscal year.

Insider Transactions at Elastic

In related news, CEO Ashutosh Kulkarni sold 18,735 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $90.77, for a total value of $1,700,575.95. Following the sale, the chief executive officer now directly owns 376,591 shares of the company's stock, valued at $34,183,165.07. This trade represents a 4.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CTO Shay Banon sold 2,683 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $90.78, for a total value of $243,562.74. Following the completion of the sale, 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 disclosure for this sale can be found here. In the last three months, insiders have sold 193,304 shares of company stock valued at $20,334,252. 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.