Troluce Capital Advisors LLC Acquires New Position in Elastic (NYSE:ESTC)

Troluce Capital Advisors LLC acquired a new stake in shares of Elastic (NYSE:ESTC) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,000 shares of the company’s stock, valued at approximately $99,000. Elastic makes up 0.0% of Troluce Capital Advisors LLC’s holdings, making the stock its 24th biggest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. State of Wyoming lifted its holdings in Elastic by 253.6% during the 4th quarter. State of Wyoming now owns 4,434 shares of the company’s stock valued at $439,000 after buying an additional 3,180 shares in the last quarter. Sandia Investment Management LP bought a new stake in Elastic during the 4th quarter valued at about $248,000. Sender Co & Partners Inc. bought a new stake in Elastic during the 4th quarter valued at about $421,000. Soma Equity Partners LP lifted its holdings in Elastic by 61.5% during the 4th quarter. Soma Equity Partners LP now owns 989,349 shares of the company’s stock valued at $98,025,000 after buying an additional 376,660 shares in the last quarter. Finally, Royal Bank of Canada lifted its holdings in Elastic by 187.6% during the 4th quarter. Royal Bank of Canada now owns 205,302 shares of the company’s stock valued at $20,341,000 after buying an additional 133,911 shares in the last quarter. Institutional investors own 97.03% of the company’s stock.

Elastic Stock Up 0.1%

NYSE:ESTC opened at $92.25 on Friday. The company has a market cap of $9.63 billion, a PE ratio of 167.73 and a beta of 1.20. Elastic has a twelve month low of $69.00 and a twelve month high of $123.96. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.70. The company’s 50 day moving average is $86.56 and its two-hundred day moving average is $97.25.

Elastic (NYSE:ESTC) last released its quarterly earnings data on Thursday, February 27th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.47 by ($0.48). The business had revenue of $382.08 million during the quarter, compared to analysts’ expectations of $368.85 million. Elastic had a net margin of 4.39% and a negative return on equity of 13.20%. Analysts anticipate that Elastic will post -0.77 EPS for the current year.

Insider Activity

In related news, CRO Mark Eugene Dodds sold 2,755 shares of the business’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $90.77, for a total value of $250,071.35. Following the completion of the transaction, the executive now directly owns 96,484 shares in the company, valued at $8,757,852.68. The trade was a 2.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Shay Banon sold 140,129 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $106.68, for a total transaction of $14,948,961.72. Following the completion of the transaction, the chief technology officer now owns 2,254,978 shares of the company’s stock, valued at approximately $240,561,053.04. This represents a 5.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 198,304 shares of company stock valued at $20,847,452 in the last ninety days. Insiders own 15.90% of the company’s stock.

Analyst Ratings Changes

ESTC has been the topic of a number of research reports. DA Davidson cut their target price on shares of Elastic from $115.00 to $75.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Rosenblatt Securities reissued a “buy” rating and set a $130.00 target price on shares of Elastic in a research report on Tuesday, February 25th. Piper Sandler raised their target price on shares of Elastic from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Barclays cut their target price on shares of Elastic from $138.00 to $124.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, Wells Fargo & Company raised their target price on shares of Elastic from $135.00 to $150.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Elastic currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.87.

Elastic Profile

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.