Elastic (NYSE:ESTC - Get Free Report) CEO Ashutosh Kulkarni sold 18,735 shares of Elastic stock in a transaction dated 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 sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Ashutosh Kulkarni also recently made the following trade(s):
- On Wednesday, December 18th, Ashutosh Kulkarni sold 7,017 shares of Elastic stock. The shares were sold at an average price of $108.12, for a total transaction of $758,678.04.
Elastic Price Performance
Shares of ESTC stock traded up $1.52 during trading hours on Wednesday, hitting $98.61. The company had a trading volume of 1,449,190 shares, compared to its average volume of 1,303,549. The firm's fifty day moving average is $105.97 and its 200 day moving average is $95.07. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.99 and a current ratio of 1.99. The firm has a market capitalization of $10.30 billion, a price-to-earnings ratio of 179.30 and a beta of 1.20. Elastic has a 12 month low of $69.00 and a 12 month high of $123.96.
Elastic (NYSE:ESTC - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.48). Elastic had a net margin of 4.39% and a negative return on equity of 13.20%. The firm had revenue of $382.08 million during the quarter, compared to analyst estimates of $368.85 million. On average, sell-side analysts predict that Elastic will post -0.77 EPS for the current fiscal year.
Analysts Set New Price Targets
Several research analysts have recently commented on the stock. Rosenblatt Securities restated a "buy" rating and set a $130.00 price target on shares of Elastic in a research note on Tuesday, February 25th. UBS Group increased their target price on shares of Elastic from $140.00 to $148.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. The Goldman Sachs Group boosted their price target on Elastic from $99.00 to $113.00 and gave the stock a "neutral" rating in a research report on Friday, November 22nd. Jefferies Financial Group raised their price objective on Elastic from $110.00 to $135.00 and gave the company a "buy" rating in a research note 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 research 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 stock currently has a consensus rating of "Moderate Buy" and an average target price of $131.52.
View Our Latest Analysis on ESTC
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in ESTC. Slow Capital Inc. bought a new position in shares of Elastic in the fourth quarter worth about $5,039,000. Wealth Effects LLC raised its position in Elastic by 25.4% in the 4th 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. Blueshift Asset Management LLC acquired a new position in Elastic during the 3rd quarter worth $585,000. Charles Schwab Investment Management Inc. increased its stake in shares of Elastic by 2.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 545,870 shares of the company's stock valued at $41,901,000 after buying an additional 14,590 shares during the period. Finally, Bangor Savings Bank acquired a new position in shares of Elastic during the fourth quarter valued at $1,657,000. 97.03% of the stock is owned by institutional investors.
About Elastic
(
Get 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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