Orion Portfolio Solutions LLC acquired a new stake in Elastic (NYSE:ESTC - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 5,218 shares of the company's stock, valued at approximately $401,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Signaturefd LLC boosted its holdings in Elastic by 44.1% during the second quarter. Signaturefd LLC now owns 389 shares of the company's stock worth $44,000 after purchasing an additional 119 shares during the last quarter. QRG Capital Management Inc. boosted its stake in shares of Elastic by 7.0% during the 3rd quarter. QRG Capital Management Inc. now owns 3,063 shares of the company's stock worth $235,000 after buying an additional 201 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of Elastic by 3.3% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 6,810 shares of the company's stock valued at $523,000 after acquiring an additional 219 shares in the last quarter. Headlands Technologies LLC grew its holdings in shares of Elastic by 75.4% in the 2nd quarter. Headlands Technologies LLC now owns 628 shares of the company's stock valued at $72,000 after acquiring an additional 270 shares in the last quarter. Finally, Asset Dedication LLC increased its position in shares of Elastic by 1,333.3% in the second quarter. Asset Dedication LLC now owns 301 shares of the company's stock valued at $34,000 after acquiring an additional 280 shares during the last quarter. 97.03% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research analysts recently commented on the company. UBS Group reduced their price target on Elastic from $135.00 to $95.00 and set a "buy" rating for the company in a research report on Friday, August 30th. Bank of America raised their target price on shares of Elastic from $94.00 to $120.00 and gave the company a "neutral" rating in a research note on Friday, November 22nd. Barclays boosted their target price on shares of Elastic from $105.00 to $138.00 and gave the stock an "overweight" rating in a report on Monday, November 25th. Stifel Nicolaus increased their price target on shares of Elastic from $98.00 to $132.00 and gave the company a "buy" rating in a research note on Friday, November 22nd. Finally, Rosenblatt Securities restated a "buy" rating and set a $120.00 price objective on shares of Elastic in a research note on Wednesday, November 20th. Five investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Elastic currently has an average rating of "Moderate Buy" and a consensus price target of $126.50.
Check Out Our Latest Research Report on ESTC
Insider Buying and Selling at Elastic
In other Elastic news, insider Carolyn Herzog sold 11,145 shares of the firm's stock in a transaction that occurred on Tuesday, November 26th. The shares were 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 $10,244,504.74. This trade represents a 10.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CTO Shay Banon sold 150,000 shares of the company's 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 transaction, the chief technology officer now owns 2,604,978 shares of the company's stock, 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. In the last quarter, insiders have sold 168,162 shares of company stock valued at $18,637,562. 15.90% of the stock is currently owned by corporate insiders.
Elastic Price Performance
Shares of NYSE:ESTC traded down $0.20 during midday trading on Thursday, hitting $103.71. The stock had a trading volume of 1,183,132 shares, compared to its average volume of 1,349,045. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $10.75 billion, a P/E ratio of 188.56 and a beta of 1.02. The company's 50-day moving average price is $93.37 and its 200-day moving average price is $97.37. Elastic has a fifty-two week low of $69.00 and a fifty-two week high of $136.06.
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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