25,000 Shares in Elastic (NYSE:ESTC) Acquired by Vestcor Inc

Vestcor Inc bought a new stake in shares of Elastic (NYSE:ESTC - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 25,000 shares of the company's stock, valued at approximately $1,919,000.

Other hedge funds also recently made changes to their positions in the company. Cetera Advisors LLC purchased a new position in Elastic in the first quarter valued at approximately $435,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Elastic during the 2nd quarter valued at $277,000. Assenagon Asset Management S.A. bought a new position in shares of Elastic during the 2nd quarter worth $102,169,000. Lecap Asset Management Ltd. purchased a new stake in Elastic in the 2nd quarter worth about $473,000. Finally, Catalyst Private Wealth LLC bought a new stake in Elastic in the 2nd quarter valued at about $232,000. 97.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Elastic

In other Elastic news, insider Carolyn Herzog sold 11,145 shares of Elastic stock in a transaction dated 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 completion of the transaction, the insider now directly owns 92,011 shares of the company's stock, valued at approximately $10,244,504.74. The trade was a 10.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Shay Banon sold 150,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were 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 owns 2,604,978 shares in the company, valued at approximately $288,944,159.76. The trade was a 5.44 % decrease in their position. The disclosure for this sale can be found here. Insiders own 15.90% of the company's stock.

Elastic Stock Up 0.2 %

ESTC traded up $0.22 during trading on Thursday, reaching $107.26. The stock had a trading volume of 730,369 shares, compared to its average volume of 1,347,535. 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 has a market capitalization of $11.12 billion, a price-to-earnings ratio of 195.02 and a beta of 1.02. The stock's 50 day moving average is $91.22 and its two-hundred day moving average is $97.28. Elastic has a one year low of $69.00 and a one year high of $136.06.

Analyst Upgrades and Downgrades

ESTC has been the topic of a number of analyst reports. Robert W. Baird upgraded Elastic from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $95.00 to $135.00 in a research note on Friday, November 22nd. Needham & Company LLC reiterated a "hold" rating on shares of Elastic in a research report on Friday, November 22nd. DA Davidson raised their price objective on shares of Elastic from $75.00 to $115.00 and gave the company a "neutral" rating in a research report on Friday, November 22nd. Piper Sandler upped their target price on shares of Elastic from $100.00 to $130.00 and gave the stock an "overweight" rating in a report on Friday, November 22nd. Finally, Barclays increased their target price on shares of Elastic from $105.00 to $138.00 and gave the stock an "overweight" rating in a research note on Monday, November 25th. Five analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Elastic presently has a consensus rating of "Moderate Buy" and a consensus price target of $126.33.

Elastic 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.