Elastic (NYSE:ESTC - Get Free Report) Director Steven Schuurman sold 815,000 shares of the stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $97.54, for a total transaction of $79,495,100.00. Following the transaction, the director now owns 8,382,000 shares in the company, valued at approximately $817,580,280. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Elastic Stock Performance
Shares of Elastic stock opened at $100.24 on Friday. Elastic has a 12 month low of $52.30 and a 12 month high of $136.06. The stock's fifty day moving average price is $116.79 and its 200-day moving average price is $99.70. The firm has a market cap of $10.11 billion, a P/E ratio of 217.91 and a beta of 0.97. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.80.
Elastic (NYSE:ESTC - Get Free Report) last announced its quarterly earnings results on Thursday, February 29th. The company reported ($0.27) earnings per share for the quarter, topping the consensus estimate of ($0.28) by $0.01. The firm had revenue of $327.96 million during the quarter, compared to analysts' expectations of $320.48 million. Elastic had a net margin of 4.63% and a negative return on equity of 23.94%. On average, equities research analysts expect that Elastic will post -1.13 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
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A number of equities analysts have recently issued reports on the company. Piper Sandler raised their price target on Elastic from $84.00 to $105.00 and gave the stock an "overweight" rating in a research note on Friday, December 1st. Royal Bank of Canada raised their target price on Elastic from $134.00 to $147.00 and gave the stock an "overweight" rating in a research report on Monday, March 4th. TheStreet upgraded Elastic from a "d+" rating to a "c-" rating in a research note on Wednesday, February 7th. Citigroup lowered their price objective on shares of Elastic from $165.00 to $155.00 and set a "buy" rating on the stock in a research note on Monday, March 4th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Elastic from $87.00 to $98.00 and gave the company an "overweight" rating in a research report on Friday, December 1st. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $111.26.
Check Out Our Latest Stock Report on ESTC
Institutional Trading of Elastic
Hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC lifted its stake in shares of Elastic by 4.7% in the 3rd quarter. FMR LLC now owns 9,051,434 shares of the company's stock valued at $735,338,000 after purchasing an additional 409,717 shares during the period. Vanguard Group Inc. boosted its stake in shares of Elastic by 4.6% in the third quarter. Vanguard Group Inc. now owns 8,573,534 shares of the company's stock worth $696,514,000 after acquiring an additional 380,694 shares during the last quarter. Baillie Gifford & Co. increased its position in shares of Elastic by 2.8% during the fourth quarter. Baillie Gifford & Co. now owns 7,764,370 shares of the company's stock worth $875,044,000 after purchasing an additional 211,896 shares in the last quarter. BlackRock Inc. lifted its holdings in Elastic by 4.8% in the 1st quarter. BlackRock Inc. now owns 5,616,149 shares of the company's stock valued at $499,557,000 after purchasing an additional 259,742 shares in the last quarter. Finally, Sylebra Capital Ltd boosted its stake in Elastic by 3.2% during the 1st quarter. Sylebra Capital Ltd now owns 4,712,076 shares of the company's stock worth $272,829,000 after purchasing an additional 146,397 shares during the last quarter. Hedge funds and other institutional investors own 97.03% of the company's stock.
About Elastic
(
Get 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.
Further Reading
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