Elastic (NYSE:ESTC - Get Free Report) insider Carolyn Herzog sold 192 shares of the stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $99.95, for a total transaction of $19,190.40. Following the transaction, the insider now owns 87,799 shares of the company's stock, valued at $8,775,510.05. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Carolyn Herzog also recently made the following trade(s):
- On Monday, March 11th, Carolyn Herzog sold 2,591 shares of Elastic stock. The stock was sold at an average price of $103.28, for a total transaction of $267,598.48.
Elastic Stock Performance
Shares of Elastic stock opened at $100.24 on Friday. Elastic has a fifty-two week low of $52.30 and a fifty-two week high of $136.06. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.87 and a quick ratio of 1.87. The firm has a market capitalization of $10.10 billion, a P/E ratio of 217.91 and a beta of 0.97. The company's 50 day moving average price is $116.39 and its two-hundred day moving average price is $99.85.
Elastic (NYSE:ESTC - Get Free Report) last issued its earnings results on Thursday, February 29th. The company reported ($0.27) earnings per share for the quarter, beating analysts' consensus estimates of ($0.28) by $0.01. Elastic had a net margin of 4.63% and a negative return on equity of 23.94%. The firm had revenue of $327.96 million for the quarter, compared to analyst estimates of $320.48 million. On average, equities analysts forecast that Elastic will post -1.13 earnings per share for the current fiscal year.
Institutional Trading of Elastic
Healthcare Takes A Big Step Forward With The Help Of AI
From The Bull Report | Ad
The average doctor can diagnose an illness correctly 50-90% of the time.
But one innovative company's medical AI gets it right 92%+.
Click here to see why this small company is trusted by the Mayo Clinic
A number of hedge funds have recently added to or reduced their stakes in ESTC. Rakuten Securities Inc. bought a new position in shares of Elastic during the fourth quarter valued at $25,000. GAMMA Investing LLC bought a new position in shares of Elastic during the fourth quarter valued at $39,000. Comerica Bank bought a new position in shares of Elastic during the second quarter valued at $230,000. Cypress Capital Management LLC WY bought a new position in shares of Elastic during the fourth quarter valued at $45,000. Finally, Covestor Ltd raised its stake in Elastic by 168.3% during the third quarter. Covestor Ltd now owns 448 shares of the company's stock worth $36,000 after buying an additional 281 shares during the last quarter. Institutional investors and hedge funds own 97.03% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the stock. Citigroup dropped their target price on shares of Elastic from $165.00 to $155.00 and set a "buy" rating on the stock in a report on Monday, March 4th. Stifel Nicolaus increased their target price on shares of Elastic from $99.00 to $130.00 and gave the stock a "buy" rating in a research report on Friday, March 1st. Truist Financial increased their target price on shares of Elastic from $130.00 to $140.00 and gave the stock a "buy" rating in a research report on Tuesday, February 20th. JPMorgan Chase & Co. increased their target price on shares of Elastic from $87.00 to $98.00 and gave the stock an "overweight" rating in a research report on Friday, December 1st. Finally, Oppenheimer increased their target price on shares of Elastic from $110.00 to $130.00 and gave the stock an "outperform" rating in a research report on Friday, March 1st. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, Elastic presently has a consensus rating of "Moderate Buy" and a consensus price target of $111.26.
Read Our Latest Stock Analysis on Elastic
Elastic Company Profile
(
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
