Elastic (NYSE:ESTC) Insider Carolyn Herzog Sells 3,334 Shares

Elastic (NYSE:ESTC) insider Carolyn Herzog sold 3,334 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $90.78, for a total transaction of $302,660.52. Following the sale, the insider now directly owns 84,152 shares in the company, valued at $7,639,318.56. This trade represents a 3.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Elastic Stock Performance

Shares of ESTC stock opened at $98.61 on Thursday. The company has a market capitalization of $10.30 billion, a price-to-earnings ratio of 179.30 and a beta of 1.20. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.99 and a current ratio of 1.99. The company has a 50-day simple moving average of $105.97 and a 200 day simple moving average of $95.07. Elastic has a 52 week low of $69.00 and a 52 week high of $123.96.

Elastic (NYSE:ESTC) last announced its earnings results on Thursday, February 27th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.47 by ($0.48). The company had revenue of $382.08 million for the quarter, compared to the consensus estimate of $368.85 million. Elastic had a negative return on equity of 13.20% and a net margin of 4.39%. On average, sell-side analysts predict that Elastic will post -0.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Bank of America increased their price target on shares of Elastic from $94.00 to $120.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. Stifel Nicolaus raised their price objective on shares of Elastic from $98.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. JPMorgan Chase & Co. increased their target price on shares of Elastic from $100.00 to $130.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Morgan Stanley increased their target price on shares of Elastic from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Finally, Jefferies Financial Group increased their target price on shares of Elastic from $110.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Seven equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $131.52.

Institutional Trading of Elastic

Institutional investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. bought a new stake in Elastic in the 4th quarter valued at about $25,000. Geneos Wealth Management Inc. acquired a new position in shares of Elastic in the 4th quarter valued at approximately $25,000. Fourth Dimension Wealth LLC acquired a new position in shares of Elastic in the 4th quarter valued at approximately $26,000. Venturi Wealth Management LLC increased its position in Elastic by 793.3% during the 4th quarter. Venturi Wealth Management LLC now owns 268 shares of the company’s stock worth $27,000 after purchasing an additional 238 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in Elastic by 126.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 283 shares of the company’s stock worth $28,000 after purchasing an additional 158 shares in the last quarter. Institutional investors own 97.03% of the company’s stock.

About Elastic

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.