Quantbot Technologies LP Acquires 19,238 Shares of Elastic (NYSE:ESTC)

Quantbot Technologies LP boosted its position in Elastic (NYSE:ESTC - Free Report) by 82.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,510 shares of the company's stock after buying an additional 19,238 shares during the period. Quantbot Technologies LP's holdings in Elastic were worth $4,212,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in Elastic in the 4th quarter valued at about $25,000. Geneos Wealth Management Inc. acquired a new position in shares of Elastic during the fourth quarter worth approximately $25,000. Venturi Wealth Management LLC lifted its holdings in shares of Elastic by 793.3% in the 4th quarter. Venturi Wealth Management LLC now owns 268 shares of the company's stock worth $27,000 after purchasing an additional 238 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Elastic by 126.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 283 shares of the company's stock valued at $28,000 after purchasing an additional 158 shares during the period. Finally, Global Retirement Partners LLC grew its position in Elastic by 1,065.2% in the 4th quarter. Global Retirement Partners LLC now owns 536 shares of the company's stock valued at $53,000 after purchasing an additional 490 shares during the period. Institutional investors and hedge funds own 97.03% of the company's stock.

Elastic Price Performance

ESTC traded down $3.08 during trading on Wednesday, reaching $99.34. 696,434 shares of the company were exchanged, compared to its average volume of 1,296,071. 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 cap of $10.37 billion, a price-to-earnings ratio of 180.62 and a beta of 1.20. Elastic has a 12-month low of $69.00 and a 12-month high of $123.96. The company's 50-day moving average is $105.53 and its two-hundred day moving average is $95.81.

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Elastic (NYSE:ESTC - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.48). The firm had revenue of $382.08 million during the quarter, compared to the consensus estimate of $368.85 million. Elastic had a net margin of 4.39% and a negative return on equity of 13.20%. Research analysts forecast that Elastic will post -0.77 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CTO Shay Banon sold 2,683 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $90.78, for a total value of $243,562.74. Following the sale, the chief technology officer now directly owns 4,535,456 shares of the company's stock, valued at $411,728,695.68. This trade represents a 0.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CRO Mark Eugene Dodds sold 2,755 shares of Elastic stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $90.77, for a total transaction of $250,071.35. Following the sale, the executive now owns 96,484 shares of the company's stock, valued at approximately $8,757,852.68. The trade was a 2.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 193,304 shares of company stock worth $20,334,252. Corporate insiders own 15.90% of the company's stock.

Analyst Upgrades and Downgrades

ESTC has been the topic of a number of recent research reports. Scotiabank reaffirmed an "outperform" rating on shares of Elastic in a research note on Friday, February 28th. Wells Fargo & Company upped their price objective on shares of Elastic from $135.00 to $150.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Robert W. Baird boosted their target price on Elastic from $135.00 to $140.00 and gave the stock an "outperform" rating in a research note on Friday, February 28th. Wedbush downgraded Elastic from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 18th. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $130.00 price objective on shares of Elastic in a research report on Tuesday, February 25th. Seven investment 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 company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $131.52.

About Elastic

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.