Oak Thistle LLC purchased a new stake in Elastic (NYSE:ESTC - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 3,601 shares of the company's stock, valued at approximately $357,000.
Several other large investors have also bought and sold shares of the company. American Century Companies Inc. increased its position in Elastic by 10.0% during the 2nd quarter. American Century Companies Inc. now owns 30,410 shares of the company's stock valued at $3,464,000 after buying an additional 2,777 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in Elastic by 7.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 19,746 shares of the company's stock valued at $2,261,000 after acquiring an additional 1,401 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Elastic by 4.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 55,823 shares of the company's stock worth $6,359,000 after acquiring an additional 2,586 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Elastic by 16.6% in the second quarter. Dimensional Fund Advisors LP now owns 216,287 shares of the company's stock worth $24,640,000 after purchasing an additional 30,810 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in Elastic by 20.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 6,710 shares of the company's stock worth $764,000 after purchasing an additional 1,123 shares in the last quarter. 97.03% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have commented on ESTC shares. Piper Sandler increased their price objective on shares of Elastic from $100.00 to $130.00 and gave the company an "overweight" rating in a report on Friday, November 22nd. Needham & Company LLC reissued a "hold" rating on shares of Elastic in a report on Friday, November 22nd. Stifel Nicolaus increased their price objective on shares of Elastic from $98.00 to $132.00 and gave the company a "buy" rating in a research report on Friday, November 22nd. Bank of America upped their target price on shares of Elastic from $94.00 to $120.00 and gave the company a "neutral" rating in a research report on Friday, November 22nd. Finally, Baird R W upgraded Elastic from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 22nd. Seven analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Elastic presently has a consensus rating of "Moderate Buy" and an average target price of $125.70.
Check Out Our Latest Analysis on ESTC
Elastic Stock Performance
Shares of ESTC traded up $0.52 during trading hours on Friday, hitting $100.49. The stock had a trading volume of 1,125,920 shares, compared to its average volume of 1,188,502. The firm has a 50-day moving average price of $101.38 and a 200 day moving average price of $95.98. The firm has a market capitalization of $10.41 billion, a price-to-earnings ratio of 182.70 and a beta of 1.06. Elastic has a fifty-two week low of $69.00 and a fifty-two week high of $136.06. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.99 and a current ratio of 1.99.
Insiders Place Their Bets
In other Elastic news, insider Carolyn Herzog sold 11,145 shares of the firm's stock in a transaction 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 transaction, the insider now owns 92,011 shares in the company, valued at approximately $10,244,504.74. This trade represents a 10.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Ashutosh Kulkarni sold 7,017 shares of the firm's stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $108.12, for a total transaction of $758,678.04. Following the completion of the transaction, the chief executive officer now directly owns 395,326 shares in the company, valued at approximately $42,742,647.12. This represents a 1.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 168,162 shares of company stock worth $18,637,562. 15.90% of the stock is owned by corporate insiders.
Elastic Profile
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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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