Oak Thistle LLC Makes New Investment in Elastic (NYSE:ESTC)

Oak Thistle LLC acquired a new stake in Elastic (NYSE:ESTCFree Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 7,052 shares of the company’s stock, valued at approximately $795,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Elastic by 4.6% in the third quarter. Vanguard Group Inc. now owns 8,573,534 shares of the company’s stock valued at $696,514,000 after purchasing an additional 380,694 shares during the last quarter. UBS Group AG raised its holdings in shares of Elastic by 28.0% in the third quarter. UBS Group AG now owns 56,805 shares of the company’s stock valued at $4,615,000 after purchasing an additional 12,430 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Elastic by 3.8% in the third quarter. Northern Trust Corp now owns 372,712 shares of the company’s stock valued at $30,279,000 after purchasing an additional 13,587 shares during the last quarter. M&T Bank Corp acquired a new stake in shares of Elastic in the third quarter valued at approximately $230,000. Finally, Rhumbline Advisers raised its holdings in shares of Elastic by 4.5% in the third quarter. Rhumbline Advisers now owns 101,866 shares of the company’s stock valued at $8,276,000 after purchasing an additional 4,412 shares during the last quarter. 97.03% of the stock is currently owned by institutional investors and hedge funds.

Elastic Stock Down 2.6 %

ESTC opened at $97.95 on Wednesday. Elastic has a fifty-two week low of $52.30 and a fifty-two week high of $136.06. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.87 and a current ratio of 1.87. The company has a market capitalization of $9.87 billion, a P/E ratio of 212.93 and a beta of 0.94. The stock has a fifty day moving average of $115.45 and a 200-day moving average of $100.43.

Elastic (NYSE:ESTCGet Free Report) last posted its earnings results on Thursday, February 29th. The company reported ($0.27) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.01. Elastic had a negative return on equity of 23.94% and a net margin of 4.63%. The company had revenue of $327.96 million during the quarter, compared to the consensus estimate of $320.48 million. On average, equities analysts expect that Elastic will post -1.13 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group lifted their price objective on shares of Elastic from $93.00 to $106.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Barclays decreased their target price on shares of Elastic from $130.00 to $128.00 and set an “equal weight” rating for the company in a research note on Friday, March 1st. Citigroup decreased their target price on shares of Elastic from $165.00 to $155.00 and set a “buy” rating for the company in a research note on Monday, March 4th. TheStreet raised shares of Elastic from a “d+” rating to a “c-” rating in a research note on Wednesday, February 7th. Finally, Oppenheimer raised their target price on shares of Elastic from $110.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, Elastic presently has a consensus rating of “Moderate Buy” and a consensus price target of $111.26.

View Our Latest Research Report on ESTC

Insider Transactions at Elastic

In other news, Director Steven Schuurman sold 815,000 shares of Elastic stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $97.54, for a total transaction of $79,495,100.00. Following the completion of the sale, the director now owns 8,382,000 shares of the company’s stock, valued at $817,580,280. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Elastic news, CTO Shay Banon sold 100,000 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $101.73, for a total transaction of $10,173,000.00. Following the completion of the transaction, the chief technology officer now owns 3,254,978 shares of the company’s stock, valued at $331,128,911.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Steven Schuurman sold 815,000 shares of the business’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $97.54, for a total value of $79,495,100.00. Following the transaction, the director now directly owns 8,382,000 shares of the company’s stock, valued at approximately $817,580,280. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 962,440 shares of company stock valued at $94,535,764. 18.10% of the stock is currently owned by corporate insiders.

Elastic Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Elastic (NYSE:ESTC)

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