Insider Selling: Elastic NV (NYSE:ESTC) SVP Sells 25,000 Shares of Stock

Elastic NV (NYSE:ESTC) SVP Kevin Kluge sold 25,000 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $75.25, for a total value of $1,881,250.00.

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

  • On Tuesday, October 1st, Kevin Kluge sold 25,000 shares of Elastic stock. The stock was sold at an average price of $81.67, for a total value of $2,041,750.00.
  • On Tuesday, September 3rd, Kevin Kluge sold 25,000 shares of Elastic stock. The stock was sold at an average price of $82.02, for a total value of $2,050,500.00.

Shares of NYSE ESTC opened at $73.00 on Thursday. The business’s 50 day moving average price is $80.71 and its 200 day moving average price is $84.20. The firm has a market cap of $5.87 billion and a P/E ratio of -40.56. Elastic NV has a 52 week low of $60.78 and a 52 week high of $104.10. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.11.

Elastic (NYSE:ESTC) last issued its earnings results on Wednesday, August 28th. The company reported ($0.51) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.60) by $0.09. The firm had revenue of $89.70 million for the quarter, compared to analyst estimates of $83.49 million. Elastic had a negative return on equity of 44.92% and a negative net margin of 41.18%. The company’s quarterly revenue was up 58.5% on a year-over-year basis. As a group, research analysts expect that Elastic NV will post -2.06 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Phocas Financial Corp. purchased a new stake in Elastic in the second quarter valued at approximately $2,195,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Elastic by 35.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,492 shares of the company’s stock valued at $123,000 after buying an additional 394 shares during the last quarter. Coastal Investment Advisors Inc. purchased a new stake in Elastic in the 3rd quarter worth approximately $37,000. US Bancorp DE purchased a new stake in Elastic in the 2nd quarter worth approximately $37,000. Finally, Steward Partners Investment Advisory LLC purchased a new stake in Elastic in the 3rd quarter worth approximately $53,000. Hedge funds and other institutional investors own 48.07% of the company’s stock.

A number of equities research analysts have recently weighed in on ESTC shares. Stifel Nicolaus boosted their price target on Elastic from $85.00 to $100.00 and gave the stock a “hold” rating in a research note on Thursday, August 29th. Canaccord Genuity boosted their price target on Elastic from $85.00 to $90.00 and gave the stock a “hold” rating in a research note on Thursday, August 29th. JPMorgan Chase & Co. boosted their price target on Elastic from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Zacks Investment Research lowered Elastic from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. Finally, Barclays set a $105.00 price target on Elastic and gave the stock a “buy” rating in a research note on Friday, November 1st. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Elastic has a consensus rating of “Buy” and an average price target of $102.93.

Elastic Company Profile

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

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