Elastic NV (NYSE:ESTC) SVP W.H. Baird Garrett sold 9,000 shares of the stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $99.04, for a total transaction of $891,360.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
W.H. Baird Garrett also recently made the following trade(s):
- On Monday, July 15th, W.H. Baird Garrett sold 6,000 shares of Elastic stock. The shares were sold at an average price of $94.00, for a total transaction of $564,000.00.
- On Tuesday, July 9th, W.H. Baird Garrett sold 4,000 shares of Elastic stock. The shares were sold at an average price of $79.00, for a total transaction of $316,000.00.
- On Friday, June 21st, W.H. Baird Garrett sold 2,000 shares of Elastic stock. The shares were sold at an average price of $76.40, for a total transaction of $152,800.00.
- On Monday, May 20th, W.H. Baird Garrett sold 6,000 shares of Elastic stock. The shares were sold at an average price of $82.47, for a total transaction of $494,820.00.
Shares of NYSE:ESTC opened at $96.84 on Wednesday. The firm has a fifty day moving average price of $82.11. Elastic NV has a one year low of $58.55 and a one year high of $101.74. The company has a market cap of $7.39 billion and a P/E ratio of -53.80.
Elastic (NYSE:ESTC) last announced its quarterly earnings results on Wednesday, June 5th. The company reported ($0.28) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.45) by $0.17. The firm had revenue of $80.60 million during the quarter, compared to the consensus estimate of $75.79 million. Elastic’s revenue for the quarter was up 62.5% on a year-over-year basis. Equities research analysts predict that Elastic NV will post -2.17 earnings per share for the current year.
A number of large investors have recently made changes to their positions in ESTC. Landsberg Bennett & Dubbaneh LLC bought a new stake in shares of Elastic during the 2nd quarter worth $239,000. Machina Capital S.A.S. bought a new stake in shares of Elastic during the 2nd quarter worth $52,000. Xact Kapitalforvaltning AB bought a new stake in shares of Elastic during the 2nd quarter worth $299,000. Amundi Pioneer Asset Management Inc. bought a new stake in shares of Elastic during the 1st quarter worth $13,435,000. Finally, FMR LLC lifted its holdings in shares of Elastic by 110.7% during the 1st quarter. FMR LLC now owns 1,046,489 shares of the company’s stock worth $83,582,000 after acquiring an additional 549,862 shares during the last quarter. 40.59% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently commented on ESTC shares. KeyCorp cut their price objective on shares of PolyOne from $36.00 to $34.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. Stifel Nicolaus started coverage on shares of Elastic in a report on Monday, May 13th. They issued a “hold” rating and a $75.00 price objective for the company. FBN Securities started coverage on shares of Elastic in a report on Tuesday, April 2nd. They issued an “outperform” rating for the company. Zacks Investment Research downgraded shares of Phoenix New Media from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $185.00 price objective (up from $150.00) on shares of Mongodb in a report on Thursday, June 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. Elastic currently has an average rating of “Hold” and an average price target of $93.92.
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.
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