Elastic N.V. (NYSE:ESTC - Get Free Report) CTO Shay Banon sold 80,583 shares of the business's stock in a transaction on Friday, September 4th. The stock was sold at an average price of $92.65, for a total transaction of $7,466,014.95. Following the completion of the sale, the chief technology officer directly owned 4,156,557 shares of the company's stock, valued at $385,105,006.05. This represents a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shay Banon also recently made the following trade(s):
- On Thursday, September 3rd, Shay Banon sold 23,702 shares of Elastic stock. The shares were sold at an average price of $94.11, for a total value of $2,230,595.22.
- On Thursday, September 3rd, Shay Banon sold 180,000 shares of Elastic stock. The shares were sold at an average price of $94.07, for a total value of $16,932,600.00.
- On Wednesday, September 2nd, Shay Banon sold 165,171 shares of Elastic stock. The shares were sold at an average price of $90.26, for a total value of $14,908,334.46.
- On Tuesday, September 1st, Shay Banon sold 111,127 shares of Elastic stock. The shares were sold at an average price of $92.60, for a total value of $10,290,360.20.
- On Monday, August 31st, Shay Banon sold 200,000 shares of Elastic stock. The stock was sold at an average price of $96.47, for a total value of $19,294,000.00.
Elastic Stock Performance
Shares of ESTC stock opened at $88.59 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.81 and a current ratio of 1.81. Elastic N.V. has a fifty-two week low of $42.05 and a fifty-two week high of $108.00. The stock has a 50 day moving average price of $73.20 and a two-hundred day moving average price of $60.56. The company has a market capitalization of $9.30 billion, a P/E ratio of 24.82, a PEG ratio of 8.89 and a beta of 1.03.
Elastic (NYSE:ESTC - Get Free Report) last issued its earnings results on Thursday, August 27th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.12. Elastic had a net margin of 20.84% and a negative return on equity of 0.35%. The firm had revenue of $478.11 million for the quarter, compared to analysts' expectations of $469.75 million. During the same quarter last year, the business earned $0.60 earnings per share. The business's revenue was up 15.2% on a year-over-year basis. Elastic has set its FY 2027 guidance at 3.290-3.370 EPS and its Q2 2027 guidance at 0.800-0.820 EPS. Analysts expect that Elastic N.V. will post 0.56 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on ESTC shares. Scotiabank boosted their price objective on shares of Elastic from $58.00 to $84.00 and gave the company a "sector perform" rating in a research report on Friday, August 28th. Wedbush dropped their target price on shares of Elastic from $74.00 to $65.00 and set an "outperform" rating for the company in a report on Friday, May 29th. Wall Street Zen cut Elastic from a "buy" rating to a "hold" rating in a research note on Saturday, June 13th. Weiss Ratings raised Elastic from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Wednesday, July 15th. Finally, Oppenheimer increased their price objective on Elastic from $100.00 to $118.00 and gave the stock an "outperform" rating in a report on Friday, August 28th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and thirteen have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $94.12.
View Our Latest Stock Analysis on ESTC
Institutional Investors Weigh In On Elastic
Several hedge funds have recently made changes to their positions in ESTC. Squarepoint Ops LLC raised its holdings in Elastic by 1,139.5% in the second quarter. Squarepoint Ops LLC now owns 97,798 shares of the company's stock worth $5,576,000 after purchasing an additional 89,908 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Elastic during the 2nd quarter valued at $319,000. California State Teachers Retirement System grew its position in shares of Elastic by 5,082.4% in the 2nd quarter. California State Teachers Retirement System now owns 5,419,694 shares of the company's stock worth $309,031,000 after buying an additional 5,315,115 shares during the period. Syon Capital LLC purchased a new stake in shares of Elastic in the 2nd quarter worth about $3,300,000. Finally, denkapparat Operations GmbH bought a new position in shares of Elastic in the 2nd quarter worth about $322,000. 97.03% of the stock is currently owned by institutional investors.
About Elastic
(
Get Free Report)
Elastic N.V. operates as a search and analytics company, offering a suite of open source and subscription-based solutions for search, observability and security use cases. Its flagship product, Elasticsearch, enables fast and scalable full-text search and analytics across large volumes of structured and unstructured data. Complementary tools such as Kibana provide visualization capabilities, while Beats and Logstash serve as lightweight data shippers and data processing pipelines, respectively.
The company was founded in 2012 by Shay Banon, who serves as chief technology officer, and Steven Schuurman.
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