Barclays PLC Sells 40,944 Shares of Elastic (NYSE:ESTC)

Barclays PLC lowered its holdings in Elastic (NYSE:ESTC - Free Report) by 26.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 112,211 shares of the company's stock after selling 40,944 shares during the quarter. Barclays PLC owned 0.11% of Elastic worth $11,118,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Slow Capital Inc. purchased a new stake in shares of Elastic in the fourth quarter valued at $5,039,000. Wealth Effects LLC lifted its stake in Elastic by 25.4% during the fourth quarter. Wealth Effects LLC now owns 28,800 shares of the company's stock worth $2,854,000 after purchasing an additional 5,830 shares during the last quarter. Bangor Savings Bank acquired a new position in Elastic in the fourth quarter valued at approximately $1,657,000. Smith Group Asset Management LLC bought a new stake in Elastic in the 4th quarter valued at about $3,408,000. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Elastic by 3,442.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 14,525 shares of the company's stock valued at $1,439,000 after purchasing an additional 14,115 shares during the period. 97.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Piper Sandler upped their target price on Elastic from $130.00 to $135.00 and gave the company an "overweight" rating in a report on Friday, February 28th. DA Davidson cut their price target on Elastic from $115.00 to $75.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Cantor Fitzgerald initiated coverage on shares of Elastic in a research report on Friday, January 17th. They set a "neutral" rating and a $108.00 target price for the company. Wells Fargo & Company lifted their target price on Elastic from $135.00 to $150.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Finally, Scotiabank decreased their target price on Elastic from $140.00 to $137.00 and set a "sector outperform" rating for the company in a research report on Thursday, March 27th. Seven equities research 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 data from MarketBeat, Elastic has a consensus rating of "Moderate Buy" and an average price target of $127.48.

Insider Buying and Selling at Elastic

In other Elastic news, insider Carolyn Herzog sold 3,334 shares of the business'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 value of $302,660.52. Following the transaction, the insider now directly owns 84,152 shares of the company's stock, valued at approximately $7,639,318.56. The trade was a 3.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Shay Banon sold 25,668 shares of the company's stock in a transaction dated Sunday, March 2nd. The stock was sold at an average price of $112.53, for a total transaction of $2,888,420.04. Following the completion of the sale, the chief technology officer now owns 2,408,541 shares in the company, valued at $271,033,118.73. This represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 198,304 shares of company stock valued at $20,847,452. 15.90% of the stock is currently owned by corporate insiders.

Elastic Stock Up 2.3 %

Shares of NYSE:ESTC traded up $1.92 during trading on Friday, hitting $84.04. The company's stock had a trading volume of 871,547 shares, compared to its average volume of 1,380,617. The company has a market capitalization of $8.78 billion, a PE ratio of 152.55 and a beta of 1.19. Elastic has a fifty-two week low of $69.00 and a fifty-two week high of $123.96. The stock's 50-day moving average price is $92.21 and its two-hundred day moving average price is $96.39. 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 (NYSE:ESTC - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by ($0.48). Elastic had a negative return on equity of 13.20% and a net margin of 4.39%. The business had revenue of $382.08 million during the quarter, compared to the consensus estimate of $368.85 million. As a group, sell-side analysts expect that Elastic will post -0.77 EPS for the current year.

About Elastic

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.