Elastic N.V. (NYSE:ESTC – Get Free Report) insider Carolyn Herzog sold 10,000 shares of the stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $93.67, for a total transaction of $936,700.00. Following the completion of the transaction, the insider owned 118,439 shares of the company’s stock, valued at approximately $11,094,181.13. The trade was a 7.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Carolyn Herzog also recently made the following trade(s):
- On Tuesday, June 9th, Carolyn Herzog sold 9,485 shares of Elastic stock. The shares were sold at an average price of $60.61, for a total transaction of $574,885.85.
Elastic Stock Down 3.2%
Shares of ESTC stock traded down $2.96 during trading hours on Wednesday, hitting $89.43. 2,407,438 shares of the company’s stock traded hands, compared to its average volume of 2,163,715. The stock’s fifty day simple moving average is $69.70 and its two-hundred day simple moving average is $59.49. Elastic N.V. has a 12-month low of $42.05 and a 12-month high of $108.00. The stock has a market cap of $9.30 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 17.98 and a beta of 0.98. The company has a quick ratio of 1.68, a current ratio of 1.81 and a debt-to-equity ratio of 0.44.
Hedge Funds Weigh In On Elastic
Hedge funds and other institutional investors have recently bought and sold shares of the stock. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Elastic during the 2nd quarter valued at about $319,000. California State Teachers Retirement System raised its holdings in shares of Elastic by 5,082.4% during the second quarter. California State Teachers Retirement System now owns 5,419,694 shares of the company’s stock valued at $309,031,000 after purchasing an additional 5,315,115 shares during the last quarter. Syon Capital LLC bought a new position in Elastic during the second quarter valued at approximately $3,300,000. denkapparat Operations GmbH bought a new position in Elastic during the second quarter valued at approximately $322,000. Finally, Wellington Management Group LLP purchased a new stake in Elastic in the second quarter worth approximately $41,889,000. Institutional investors own 97.03% of the company’s stock.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the company. Wedbush reduced their price target on Elastic from $74.00 to $65.00 and set an “outperform” rating for the company in a report on Friday, May 29th. Royal Bank Of Canada upped their price target on shares of Elastic from $70.00 to $87.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Oppenheimer increased their price objective on shares of Elastic from $100.00 to $118.00 and gave the company an “outperform” rating in a research report on Friday, August 28th. Bank of America raised their price objective on shares of Elastic from $90.00 to $108.00 and gave the company a “neutral” rating in a research note on Friday, August 28th. Finally, Stifel Nicolaus upped their target price on shares of Elastic from $90.00 to $107.00 and gave the stock a “buy” rating in a research note on Friday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and thirteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $94.12.
Check Out Our Latest Stock Analysis on Elastic
About Elastic
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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