Elastic (NYSE:ESTC) Shares Acquired by Fox Run Management L.L.C.

Fox Run Management L.L.C. lifted its holdings in Elastic (NYSE:ESTC) by 68.2% in the fourth quarter, Holdings Channel reports. The firm owned 15,688 shares of the company’s stock after buying an additional 6,362 shares during the period. Fox Run Management L.L.C.’s holdings in Elastic were worth $1,554,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its holdings in Elastic by 2.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 545,870 shares of the company’s stock worth $41,901,000 after acquiring an additional 14,590 shares in the last quarter. Penserra Capital Management LLC boosted its stake in Elastic by 7.4% in the 3rd quarter. Penserra Capital Management LLC now owns 51,880 shares of the company’s stock worth $3,981,000 after purchasing an additional 3,561 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Elastic by 12.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 16,431 shares of the company’s stock worth $1,261,000 after purchasing an additional 1,757 shares during the last quarter. FMR LLC increased its stake in Elastic by 25.6% during the 3rd quarter. FMR LLC now owns 5,475,297 shares of the company’s stock valued at $420,284,000 after purchasing an additional 1,115,750 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in Elastic during the 3rd quarter valued at approximately $1,786,000. 97.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ESTC. Jefferies Financial Group boosted their price objective on shares of Elastic from $110.00 to $135.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Morgan Stanley boosted their price target on Elastic from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Stifel Nicolaus raised their price objective on Elastic from $98.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. UBS Group upped their target price on Elastic from $140.00 to $148.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Finally, Oppenheimer raised their price target on shares of Elastic from $125.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Seven research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.52.

Elastic Price Performance

Shares of NYSE ESTC opened at $96.96 on Friday. 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 firm has a market cap of $10.12 billion, a PE ratio of 176.29 and a beta of 1.20. Elastic has a one year low of $69.00 and a one year high of $123.96. The firm has a fifty day moving average of $105.33 and a 200 day moving average of $95.07.

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

Insider Activity

In related news, CTO Shay Banon sold 140,129 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $106.68, for a total value of $14,948,961.72. Following the sale, the chief technology officer now directly owns 2,254,978 shares in the company, valued at approximately $240,561,053.04. The trade was a 5.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CRO Mark Eugene Dodds sold 2,755 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $90.77, for a total transaction of $250,071.35. Following the transaction, the executive now directly owns 96,484 shares of the company’s stock, valued at approximately $8,757,852.68. This trade represents a 2.78 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 193,304 shares of company stock valued at $20,334,252. 15.90% of the stock is currently owned by company insiders.

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.