Elastic (NYSE:ESTC) CFO Janesh Moorjani Sells 840 Shares of Stock

Elastic (NYSE:ESTC) CFO Janesh Moorjani sold 840 shares of the firm’s stock in a transaction dated Wednesday, June 9th. The shares were sold at an average price of $133.45, for a total transaction of $112,098.00. Following the sale, the chief financial officer now owns 36,270 shares of the company’s stock, valued at $4,840,231.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Janesh Moorjani also recently made the following trade(s):

  • On Monday, May 3rd, Janesh Moorjani sold 14,733 shares of Elastic stock. The shares were sold at an average price of $116.40, for a total transaction of $1,714,921.20.
  • On Thursday, April 1st, Janesh Moorjani sold 14,733 shares of Elastic stock. The stock was sold at an average price of $114.89, for a total transaction of $1,692,674.37.

NYSE ESTC opened at $135.09 on Friday. Elastic has a 52 week low of $78.00 and a 52 week high of $176.49. The company has a market capitalization of $12.13 billion, a P/E ratio of -91.28 and a beta of 1.06. The stock has a 50-day moving average of $119.63.

Elastic (NYSE:ESTC) last released its earnings results on Tuesday, June 1st. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.08. The company had revenue of $177.60 million during the quarter, compared to analyst estimates of $158.87 million. Elastic had a negative net margin of 21.27% and a negative return on equity of 23.24%. The firm’s quarterly revenue was up 43.7% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.12) EPS. Equities analysts predict that Elastic will post -1.67 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ESTC. Total Clarity Wealth Management Inc. bought a new position in Elastic in the 1st quarter worth $26,000. Prime Capital Investment Advisors LLC bought a new position in shares of Elastic in the fourth quarter worth about $30,000. Jackson Grant Investment Advisers Inc. purchased a new stake in shares of Elastic during the fourth quarter worth about $44,000. Valeo Financial Advisors LLC raised its stake in Elastic by 214.3% during the 4th quarter. Valeo Financial Advisors LLC now owns 330 shares of the company’s stock valued at $48,000 after purchasing an additional 225 shares during the period. Finally, Defined Wealth Management LLC purchased a new position in Elastic in the 4th quarter worth approximately $49,000. Institutional investors own 76.70% of the company’s stock.

Several analysts have commented on ESTC shares. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their target price on Elastic from $161.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, June 3rd. Bank of America began coverage on Elastic in a report on Thursday, May 27th. They issued a “buy” rating and a $145.00 price objective for the company. Jefferies Financial Group upped their target price on shares of Elastic from $135.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, June 3rd. Royal Bank of Canada boosted their price objective on shares of Elastic from $183.00 to $194.00 and gave the company an “outperform” rating in a report on Thursday, June 3rd. Finally, Citigroup lifted their target price on shares of Elastic from $190.00 to $200.00 in a research report on Friday, February 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $169.26.

Elastic Company Profile

Elastic N.V., a search company, delivers technology that enables users to search through structured and unstructured data for a range of consumer and enterprise applications. It primarily offers Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as perform search, analysis, and visualization.

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Insider Buying and Selling by Quarter for Elastic (NYSE:ESTC)

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