Ingalls & Snyder LLC raised its position in Elastic (NYSE:ESTC - Free Report) by 162.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,750 shares of the company's stock after buying an additional 6,041 shares during the period. Ingalls & Snyder LLC's holdings in Elastic were worth $748,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. Clearline Capital LP lifted its stake in Elastic by 449.0% in the 3rd quarter. Clearline Capital LP now owns 78,107 shares of the company's stock worth $5,995,000 after purchasing an additional 63,879 shares in the last quarter. Arizona PSPRS Trust purchased a new position in Elastic in the 3rd quarter worth approximately $2,548,000. Atreides Management LP lifted its stake in Elastic by 57.2% in the 3rd quarter. Atreides Management LP now owns 1,687,791 shares of the company's stock worth $129,555,000 after purchasing an additional 614,309 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in Elastic in the 3rd quarter worth approximately $964,000. Finally, 272 Capital LP purchased a new stake in shares of Elastic during the 3rd quarter valued at approximately $290,000. 97.03% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several analysts have recently commented on the stock. Wedbush raised shares of Elastic from a "neutral" rating to an "outperform" rating and set a $135.00 price target on the stock in a research report on Monday, November 25th. DA Davidson boosted their target price on Elastic from $75.00 to $115.00 and gave the company a "neutral" rating in a research report on Friday, November 22nd. Baird R W raised Elastic from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 22nd. Citigroup boosted their price target on shares of Elastic from $136.00 to $150.00 and gave the stock a "buy" rating in a research note on Monday, November 25th. Finally, Stifel Nicolaus boosted their target price on shares of Elastic from $98.00 to $132.00 and gave the stock a "buy" rating in a research note on Friday, November 22nd. Five analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $126.33.
View Our Latest Research Report on ESTC
Insider Activity
In other Elastic news, CRO Mark Eugene Dodds sold 3,661 shares of Elastic stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $70.25, for a total value of $257,185.25. Following the completion of the sale, the executive now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Shay Banon sold 2,666 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 transaction of $187,286.50. Following the completion of the sale, the chief technology officer now directly owns 4,543,190 shares of the company's stock, valued at $319,159,097.50. The trade was 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 sold 198,551 shares of company stock worth $20,506,656. Company insiders own 15.90% of the company's stock.
Elastic Price Performance
Shares of ESTC stock traded up $3.40 during midday trading on Wednesday, reaching $116.34. 1,070,607 shares of the company traded hands, compared to its average volume of 1,335,013. The firm's 50 day simple moving average is $86.68 and its two-hundred day simple moving average is $97.06. Elastic has a 1-year low of $69.00 and a 1-year high of $136.06. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.99 and a quick ratio of 1.99. The firm has a market cap of $12.06 billion, a PE ratio of 205.36 and a beta of 1.02.
About Elastic
(
Free Report)
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.
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