Fox Run Management L.L.C. Grows Position in Elastic (NYSE:ESTC)

Fox Run Management L.L.C. grew its stake in Elastic (NYSE:ESTC - Free Report) by 68.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 15,688 shares of the company's stock after acquiring an additional 6,362 shares during the period. Fox Run Management L.L.C.'s holdings in Elastic were worth $1,554,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. FMR LLC lifted its stake in Elastic by 25.6% during the third quarter. FMR LLC now owns 5,475,297 shares of the company's stock worth $420,284,000 after purchasing an additional 1,115,750 shares in the last quarter. Atreides Management LP boosted its holdings in Elastic by 57.2% during the 3rd quarter. Atreides Management LP now owns 1,687,791 shares of the company's stock valued at $129,555,000 after acquiring an additional 614,309 shares during the period. State Street Corp grew its position in Elastic by 2.3% in the 3rd quarter. State Street Corp now owns 1,437,243 shares of the company's stock valued at $110,323,000 after acquiring an additional 31,663 shares in the last quarter. Geode Capital Management LLC increased its stake in Elastic by 3.7% during the third quarter. Geode Capital Management LLC now owns 1,394,336 shares of the company's stock worth $107,058,000 after purchasing an additional 50,355 shares during the period. Finally, Amundi increased its stake in Elastic by 27.4% during the 4th quarter. Amundi now owns 832,470 shares of the company's stock worth $81,615,000 after buying an additional 179,054 shares during the period. 97.03% of the stock is currently owned by institutional investors and hedge funds.

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Elastic Stock Performance

Elastic stock traded down $3.08 during trading hours on Wednesday, reaching $99.34. 696,434 shares of the stock were exchanged, compared to its average volume of 1,298,821. The stock has a market cap of $10.37 billion, a P/E ratio of 180.62 and a beta of 1.20. The firm's 50 day moving average is $105.53 and its 200 day moving average is $95.83. 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 $123.96.

Elastic (NYSE:ESTC - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $0.47 by ($0.48). The business had revenue of $382.08 million during the quarter, compared to analysts' expectations of $368.85 million. Elastic had a net margin of 4.39% and a negative return on equity of 13.20%. Analysts predict that Elastic will post -0.77 EPS for the current fiscal year.

Insider Buying and Selling

In other Elastic news, insider Carolyn Herzog sold 3,334 shares of the business's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $90.78, for a total transaction of $302,660.52. Following the sale, the insider now directly owns 84,152 shares in the company, valued at approximately $7,639,318.56. The trade was a 3.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ashutosh Kulkarni sold 18,735 shares of the firm's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $90.77, for a total value of $1,700,575.95. Following the completion of the transaction, the chief executive officer now owns 376,591 shares of the company's stock, valued at approximately $34,183,165.07. This represents a 4.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 198,304 shares of company stock valued at $20,847,452 over the last quarter. Company insiders own 15.90% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on ESTC shares. Wedbush cut shares of Elastic from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 18th. Canaccord Genuity Group boosted their target price on Elastic from $130.00 to $135.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Guggenheim boosted their price objective on Elastic from $130.00 to $136.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. UBS Group raised their target price on shares of Elastic from $140.00 to $148.00 and gave the company a "buy" rating in a report on Friday, February 28th. Finally, Cantor Fitzgerald began coverage on shares of Elastic in a research report on Friday, January 17th. They issued a "neutral" rating and a $108.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $131.52.

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.