Fiera Capital Corp Purchases New Holdings in Elastic (NYSE:ESTC)

Fiera Capital Corp purchased a new position in Elastic (NYSE:ESTC - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 203,530 shares of the company's stock, valued at approximately $15,623,000. Fiera Capital Corp owned 0.20% of Elastic as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Advisors Asset Management Inc. increased its position in shares of Elastic by 12.7% during the first quarter. Advisors Asset Management Inc. now owns 1,053 shares of the company's stock valued at $106,000 after purchasing an additional 119 shares during the period. Signaturefd LLC boosted its stake in Elastic by 44.1% in the 2nd quarter. Signaturefd LLC now owns 389 shares of the company's stock valued at $44,000 after buying an additional 119 shares in the last quarter. QRG Capital Management Inc. boosted its stake in Elastic by 7.0% in the 3rd quarter. QRG Capital Management Inc. now owns 3,063 shares of the company's stock valued at $235,000 after buying an additional 201 shares in the last quarter. Headlands Technologies LLC boosted its stake in Elastic by 75.4% in the 2nd quarter. Headlands Technologies LLC now owns 628 shares of the company's stock valued at $72,000 after buying an additional 270 shares in the last quarter. Finally, Asset Dedication LLC boosted its stake in Elastic by 1,333.3% in the 2nd quarter. Asset Dedication LLC now owns 301 shares of the company's stock valued at $34,000 after buying an additional 280 shares in the last quarter. 97.03% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Ashutosh Kulkarni sold 19,649 shares of the company's stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $70.25, for a total transaction of $1,380,342.25. Following the completion of the transaction, the chief executive officer now directly owns 432,648 shares of the company's stock, valued at $30,393,522. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Ashutosh Kulkarni sold 19,649 shares of the company's stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $70.25, for a total transaction of $1,380,342.25. Following the completion of the transaction, the chief executive officer now directly owns 432,648 shares of the company's stock, valued at $30,393,522. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Carolyn Herzog sold 4,489 shares of the company's stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $70.25, for a total value of $315,352.25. Following the transaction, the insider now directly owns 102,959 shares of the company's stock, valued at $7,232,869.75. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,406 shares of company stock worth $2,627,772 over the last ninety days. 15.90% of the stock is currently owned by corporate insiders.

Elastic Trading Up 1.1 %

NYSE ESTC traded up $0.97 on Friday, reaching $86.95. The company had a trading volume of 780,467 shares, compared to its average volume of 905,654. The stock's 50 day moving average is $78.21 and its 200-day moving average is $98.00. The stock has a market cap of $8.93 billion, a price-to-earnings ratio of 158.07 and a beta of 0.94. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.75. Elastic has a 52 week low of $69.00 and a 52 week high of $136.06.

Elastic (NYSE:ESTC - Get Free Report) last announced its quarterly earnings results on Thursday, August 29th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.10. Elastic had a negative return on equity of 17.54% and a net margin of 4.62%. The company had revenue of $347.42 million during the quarter, compared to the consensus estimate of $344.67 million. During the same period in the prior year, the company earned ($0.35) earnings per share. The company's revenue for the quarter was up 18.3% compared to the same quarter last year. Equities analysts predict that Elastic will post -0.92 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Robert W. Baird lowered Elastic from an "outperform" rating to a "neutral" rating and decreased their price target for the company from $135.00 to $95.00 in a research note on Friday, August 30th. UBS Group decreased their price target on Elastic from $135.00 to $95.00 and set a "buy" rating on the stock in a research note on Friday, August 30th. Wedbush raised Elastic to a "hold" rating in a research note on Thursday, October 17th. Canaccord Genuity Group reduced their price objective on Elastic from $125.00 to $110.00 and set a "buy" rating on the stock in a research note on Tuesday, September 3rd. Finally, Bank of America lowered Elastic from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $140.00 to $94.00 in a research note on Friday, August 30th. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $103.71.

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.