4,479 Shares in Elastic (NYSE:ESTC) Bought by Sciencast Management LP

Sciencast Management LP bought a new stake in shares of Elastic (NYSE:ESTC - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,479 shares of the company's stock, valued at approximately $444,000.

A number of other institutional investors and hedge funds have also made changes to their positions in ESTC. FMR LLC raised its position in shares of Elastic by 25.6% in the 3rd quarter. FMR LLC now owns 5,475,297 shares of the company's stock worth $420,284,000 after purchasing an additional 1,115,750 shares during the last quarter. Atreides Management LP increased its stake in 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 in the last quarter. State Street Corp raised its holdings in Elastic by 2.3% in the third quarter. State Street Corp now owns 1,437,243 shares of the company's stock worth $110,323,000 after buying an additional 31,663 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Elastic by 3.7% in the third quarter. Geode Capital Management LLC now owns 1,394,336 shares of the company's stock worth $107,058,000 after buying an additional 50,355 shares in the last quarter. Finally, Amundi lifted its stake in shares of Elastic by 27.4% in the fourth quarter. Amundi now owns 832,470 shares of the company's stock worth $81,615,000 after buying an additional 179,054 shares in the last quarter. Institutional investors own 97.03% of the company's stock.

Insider Buying and Selling at Elastic

In other Elastic news, CEO Ashutosh Kulkarni sold 5,000 shares of the business's stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $102.64, for a total value of $513,200.00. Following the sale, the chief executive officer now owns 371,591 shares in the company, valued at $38,140,100.24. The trade was a 1.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Shay Banon sold 2,683 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $90.78, for a total transaction of $243,562.74. Following the transaction, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 198,304 shares of company stock valued at $20,847,452 in the last three months. 15.90% of the stock is currently owned by corporate insiders.

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Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ESTC. Canaccord Genuity Group boosted their price objective on shares of Elastic from $130.00 to $135.00 and gave the stock a "buy" rating in a report on Friday, February 28th. UBS Group boosted their price target on Elastic from $140.00 to $148.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Robert W. Baird increased their price objective on Elastic from $135.00 to $140.00 and gave the company an "outperform" rating in a research report on Friday, February 28th. Truist Financial lifted their price objective on Elastic from $135.00 to $145.00 and gave the stock a "buy" rating in a report on Monday, March 3rd. Finally, Guggenheim upped their target price on shares of Elastic from $130.00 to $136.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Seven analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $131.39.

Elastic Price Performance

Shares of ESTC traded down $4.40 during trading hours on Thursday, reaching $94.96. 873,720 shares of the stock traded hands, compared to its average volume of 1,297,305. The company has a market cap of $9.91 billion, a P/E ratio of 172.65 and a beta of 1.20. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.70. The company's 50-day moving average price is $105.53 and its two-hundred day moving average price is $95.83. Elastic has a 52-week low of $69.00 and a 52-week high of $123.96.

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

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.