Kevin Kluge Sells 70,000 Shares of Elastic NV (ESTC) Stock

Elastic NV (NYSE:ESTC) SVP Kevin Kluge sold 70,000 shares of Elastic stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $83.62, for a total value of $5,853,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Kevin Kluge also recently made the following trade(s):

  • On Monday, April 8th, Kevin Kluge sold 70,000 shares of Elastic stock. The stock was sold at an average price of $79.79, for a total value of $5,585,300.00.
  • On Monday, March 11th, Kevin Kluge sold 70,000 shares of Elastic stock. The stock was sold at an average price of $84.52, for a total value of $5,916,400.00.

Shares of NYSE:ESTC opened at $88.34 on Friday. Elastic NV has a 52-week low of $58.55 and a 52-week high of $100.43.

Elastic (NYSE:ESTC) last announced its earnings results on Wednesday, February 27th. The company reported ($0.29) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.37) by $0.08. The firm had revenue of $70.80 million during the quarter, compared to analysts’ expectations of $65.77 million. Elastic’s revenue for the quarter was up 69.8% compared to the same quarter last year. As a group, research analysts predict that Elastic NV will post -1.78 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of ESTC. Focused Wealth Management Inc purchased a new position in Elastic in the 4th quarter worth approximately $32,000. Pearl River Capital LLC purchased a new position in Elastic in the 1st quarter worth approximately $32,000. Barclays PLC purchased a new position in Elastic in the 4th quarter worth approximately $40,000. Victory Capital Management Inc. purchased a new position in Elastic in the 4th quarter worth approximately $42,000. Finally, Botty Investors LLC purchased a new position in Elastic in the 1st quarter worth approximately $66,000. 37.60% of the stock is currently owned by institutional investors.

Several brokerages have issued reports on ESTC. KeyCorp reissued a “buy” rating and issued a $102.00 target price on shares of Elastic in a research report on Thursday, April 18th. FBN Securities began coverage on Elastic in a research report on Tuesday, April 2nd. They issued an “outperform” rating on the stock. Oppenheimer began coverage on Elastic in a research report on Wednesday, March 6th. They issued an “outperform” rating and a $110.00 target price on the stock. Citigroup raised their target price on Elastic from $82.00 to $97.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Finally, Barclays reissued a “buy” rating and issued a $107.00 target price on shares of Elastic in a research report on Friday, March 1st. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $90.27.

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About Elastic

Elastic N.V. develops and delivers technology that enables users to search structured and unstructured data for a range of consumer and enterprise applications. It primarily provides 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.

See Also: Price to Earnings Ratio (PE)

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

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