State of Wyoming Has $439,000 Stock Position in Elastic (NYSE:ESTC)

State of Wyoming lifted its stake in shares of Elastic (NYSE:ESTC) by 253.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,434 shares of the company’s stock after purchasing an additional 3,180 shares during the period. State of Wyoming’s holdings in Elastic were worth $439,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in shares of Elastic during the 4th quarter worth approximately $25,000. Geneos Wealth Management Inc. bought a new stake in shares of Elastic during the 4th quarter worth approximately $25,000. Venturi Wealth Management LLC raised its stake in shares of Elastic by 793.3% during the 4th quarter. Venturi Wealth Management LLC now owns 268 shares of the company’s stock worth $27,000 after purchasing an additional 238 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Elastic by 126.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 283 shares of the company’s stock worth $28,000 after purchasing an additional 158 shares in the last quarter. Finally, Global Retirement Partners LLC raised its stake in shares of Elastic by 1,065.2% during the 4th quarter. Global Retirement Partners LLC now owns 536 shares of the company’s stock worth $53,000 after purchasing an additional 490 shares in the last quarter. Institutional investors own 97.03% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Jefferies Financial Group dropped their price objective on Elastic from $125.00 to $110.00 and set a “buy” rating on the stock in a research note on Monday, April 7th. UBS Group upped their price objective on Elastic from $140.00 to $148.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. DA Davidson dropped their price target on Elastic from $115.00 to $75.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Rosenblatt Securities restated a “buy” rating and issued a $130.00 price target on shares of Elastic in a research note on Tuesday, February 25th. Finally, Guggenheim increased their price target on Elastic from $130.00 to $136.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $126.87.

Elastic Stock Performance

ESTC opened at $92.08 on Tuesday. The firm has a market cap of $9.61 billion, a P/E ratio of 167.42 and a beta of 1.20. Elastic has a 52-week low of $69.00 and a 52-week high of $123.96. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.99 and a current ratio of 1.99. The business’s fifty day moving average is $86.43 and its 200-day moving average is $97.44.

Elastic (NYSE:ESTC) last released its earnings results on Thursday, February 27th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.48). The company had revenue of $382.08 million for the quarter, compared to analyst estimates of $368.85 million. Elastic had a negative return on equity of 13.20% and a net margin of 4.39%. Sell-side analysts expect that Elastic will post -0.77 EPS for the current fiscal year.

Insider Transactions at Elastic

In related news, CEO Ashutosh Kulkarni sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $102.64, for a total value of $513,200.00. Following the sale, the chief executive officer now directly owns 371,591 shares of the company’s stock, valued at $38,140,100.24. This trade represents a 1.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Carolyn Herzog sold 3,334 shares of the firm’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $90.78, for a total value of $302,660.52. Following the completion of the sale, the insider now directly owns 84,152 shares in the company, valued at $7,639,318.56. This trade represents a 3.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 198,304 shares of company stock valued at $20,847,452. 15.90% of the stock is owned by corporate insiders.

Elastic Profile

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.