Elastic (NYSE:ESTC) Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC boosted its position in shares of Elastic (NYSE:ESTC - Free Report) by 3,442.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,525 shares of the company's stock after buying an additional 14,115 shares during the period. Nisa Investment Advisors LLC's holdings in Elastic were worth $1,439,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in ESTC. FMR LLC increased 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 acquiring an additional 1,115,750 shares during the last quarter. Atreides Management LP increased its position in shares of 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 purchasing an additional 614,309 shares during the last quarter. JAT Capital Mgmt LP raised its holdings in Elastic by 601.4% during the 3rd quarter. JAT Capital Mgmt LP now owns 465,549 shares of the company's stock valued at $35,736,000 after buying an additional 399,175 shares during the period. Thematics Asset Management lifted its position in Elastic by 463.3% in the third quarter. Thematics Asset Management now owns 444,012 shares of the company's stock worth $34,082,000 after buying an additional 365,192 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in Elastic by 256.3% during the third quarter. Franklin Resources Inc. now owns 341,524 shares of the company's stock worth $28,387,000 after buying an additional 245,680 shares during the period. Institutional investors own 97.03% of the company's stock.

Insider Transactions at Elastic

In other Elastic news, insider Carolyn Herzog sold 11,145 shares of the company's stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $111.34, for a total value of $1,240,884.30. Following the sale, the insider now owns 92,011 shares in the company, valued at approximately $10,244,504.74. This represents a 10.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CTO Shay Banon sold 150,000 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $110.92, for a total transaction of $16,638,000.00. Following the sale, the chief technology officer now directly owns 2,604,978 shares in the company, valued at $288,944,159.76. This trade represents a 5.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 168,162 shares of company stock valued at $18,637,562 in the last quarter. 15.90% of the stock is currently owned by corporate insiders.

Elastic Stock Up 1.9 %

Shares of ESTC stock traded up $2.13 during mid-day trading on Friday, hitting $112.73. 717,677 shares of the stock traded hands, compared to its average volume of 1,326,594. The stock has a market cap of $11.68 billion, a P/E ratio of 204.79 and a beta of 1.06. Elastic has a 52-week low of $69.00 and a 52-week 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 stock's fifty day moving average is $104.74 and its two-hundred day moving average is $95.25.

Analyst Ratings Changes

A number of equities analysts recently commented on ESTC shares. William Blair raised shares of Elastic from a "market perform" rating to an "outperform" rating in a research note on Monday, October 14th. Cantor Fitzgerald began coverage on Elastic in a research note on Friday, January 17th. They set a "neutral" rating and a $108.00 target price on the stock. Citigroup raised their price target on Elastic from $136.00 to $150.00 and gave the stock a "buy" rating in a research note on Monday, November 25th. Rosenblatt Securities reiterated a "buy" rating and issued a $120.00 target price on shares of Elastic in a research note on Wednesday, November 20th. Finally, The Goldman Sachs Group boosted their target price on shares of Elastic from $99.00 to $113.00 and gave the company a "neutral" rating in a research note on Friday, November 22nd. Seven equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $125.35.

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.