Troluce Capital Advisors LLC Makes New $99,000 Investment in Elastic (NYSE:ESTC)

Troluce Capital Advisors LLC acquired a new position in shares of Elastic (NYSE:ESTC) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,000 shares of the company’s stock, valued at approximately $99,000. Elastic accounts for 0.0% of Troluce Capital Advisors LLC’s portfolio, making the stock its 24th largest position.

Other large investors also recently added to or reduced their stakes in the company. Sigma Planning Corp raised its position in shares of Elastic by 3.7% in the fourth quarter. Sigma Planning Corp now owns 3,929 shares of the company’s stock valued at $389,000 after buying an additional 139 shares during the last quarter. CIBC Asset Management Inc raised its position in shares of Elastic by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 3,053 shares of the company’s stock valued at $302,000 after buying an additional 151 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of Elastic by 126.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 283 shares of the company’s stock valued at $28,000 after buying an additional 158 shares during the last quarter. Resolute Advisors LLC raised its position in shares of Elastic by 7.1% in the fourth quarter. Resolute Advisors LLC now owns 3,255 shares of the company’s stock valued at $323,000 after buying an additional 217 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in shares of Elastic by 0.7% in the fourth quarter. Van ECK Associates Corp now owns 32,954 shares of the company’s stock valued at $3,265,000 after buying an additional 220 shares during the last quarter. 97.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on ESTC shares. Guggenheim increased their target price on shares of Elastic from $130.00 to $136.00 and gave the company a “buy” rating in a research report on Friday, February 28th. DA Davidson dropped their price objective on shares of Elastic from $115.00 to $75.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Robert W. Baird upped their price objective on shares of Elastic from $135.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, February 28th. UBS Group upped their price objective on shares of Elastic from $140.00 to $148.00 and gave the company a “buy” rating in a report on Friday, February 28th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $130.00 price objective on shares of Elastic in a report on Tuesday, February 25th. Seven equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Elastic currently has a consensus rating of “Moderate Buy” and an average price target of $126.87.

Insider Activity

In other news, CTO Shay Banon sold 25,668 shares of the firm’s stock in a transaction that occurred on Sunday, March 2nd. The shares were sold at an average price of $112.53, for a total value of $2,888,420.04. Following the completion of the transaction, the chief technology officer now owns 2,408,541 shares of the company’s stock, valued at approximately $271,033,118.73. This trade represents a 1.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Carolyn Herzog sold 3,334 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $90.78, for a total transaction of $302,660.52. Following the completion of the sale, the insider now directly owns 84,152 shares in the company, valued at approximately $7,639,318.56. This trade represents a 3.81% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 198,304 shares of company stock valued at $20,847,452. 15.90% of the stock is currently owned by company insiders.

Elastic Trading Up 0.1%

NYSE ESTC opened at $92.25 on Friday. The firm has a 50 day simple moving average of $86.56 and a 200-day simple moving average of $97.25. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.99 and a current ratio of 1.99. Elastic has a one year low of $69.00 and a one year high of $123.96. The firm has a market cap of $9.63 billion, a price-to-earnings ratio of 167.73 and a beta of 1.20.

Elastic (NYSE:ESTC) last posted its quarterly earnings data on Thursday, February 27th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.47 by ($0.48). Elastic had a net margin of 4.39% and a negative return on equity of 13.20%. The business had revenue of $382.08 million during the quarter, compared to analysts’ expectations of $368.85 million. Equities research analysts anticipate that Elastic will post -0.77 EPS for the current fiscal year.

About Elastic

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.