Elastic (NYSE: ESTC) Insider Sells $ 1,209,778.64 In Stock
Elastic (NYSE: ESTC) insider Paul Andrew Appleby sold 7,448 shares of the company in a trade on Thursday, September 9. The shares were sold for an average price of $ 162.43, for a total value of $ 1,209,778.64. The transaction was disclosed in a document filed with the SEC, which is available on the SEC’s website.
Elastic stock traded down $ 3.63 during trading hours on Friday, reaching $ 159.66. The stock had a trading volume of 475,924 shares, compared to its average volume of 938,624. The stock has a market cap of $ 14.66 billion, a PE ratio of -97.95 and a beta of. 1.08. Elastic has a 52-week low of $ 97.48 and a 52-week high of $ 176.49. The company has a debt ratio of 1.24, a current ratio of 2.71, and a quick ratio of 2.71. The company has a fifty-day simple moving average of $ 152.51 and a 200-day simple moving average of $ 134.06.
Elastic (NYSE: ESTC) last reported its quarterly results on Tuesday, August 24. The company reported earnings per share (EPS) of $ 0.04 for the quarter, beating analyst consensus estimates ($ 0.10) by $ 0.14. The company posted revenue of $ 193.10 million for the quarter, compared to analysts’ estimates of $ 173.21 million. Elastic had a negative net margin of 21.54% and a negative return on equity of 26.26%. The company’s revenue grew 49.8% year-over-year. In the same quarter of last year, the company achieved EPS of $ 0.06. Research analysts predict that Elastic will post earnings per share of -1.78 for the current fiscal year.
Institutional investors have recently changed their positions in the company. Total Clarity Wealth Management Inc. purchased a new 1st quarter stake in Elastic valued at $ 26,000. Maverick Capital Ltd. bought a new stake in Elastic in the 1st quarter valued at $ 65,000. Capital Analysts LLC purchased a new stake in Elastic shares in the 1st quarter valued at approximately $ 98,000. Panagora Asset Management Inc. purchased a new stake in Elastic shares in the 1st quarter valued at approximately $ 112,000. Finally, Rockefeller Capital Management LP increased its position in Elastic shares by 18.8% in the 1st quarter. Rockefeller Capital Management LP now owns 1,212 shares of the company valued at $ 134,000 after purchasing 192 additional shares during the period. 75.60% of the shares are currently held by institutional investors and hedge funds.
ESTC has been the subject of a number of recent analyst reports. Jefferies Financial Group raised its target price on Elastic shares from $ 150.00 to $ 175.00 and gave the company a “buy” rating in a research report on Tuesday, July 13. Oppenheimer raised its target price on Elastic from $ 170.00 to $ 185.00 and rated the stock as “outperforming” in a report released Thursday, August 26. Barclays raised its price target on Elastic from $ 180.00 to $ 185.00 and rated the stock “overweight” in a report released Thursday, August 26. Monness Crespi & Hardt raised his price target on Elastic from $ 212.00 to $ 230.00 and gave the stock a “buy” rating in a report released Thursday, August 26. Finally, Sumitomo Mitsui Financial Group assumed coverage of Elastic in a report released on Wednesday, June 16. They issued an “outperformance” rating and a target price of $ 150.00 on the stock. One investment analyst assigned a sell rating to the stock, two assigned a conservation rating and sixteen assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $ 178.50.
Elastic NV is committed to providing open source search engine and analytics services. It offers Elastic Stack, a set of software products that ingest and store data from a variety of sources and formats, as well as perform research, analysis, and visualization. Elastic Stack’s product includes Elasticsearch, a real-time distributed search and analytics engine, and a data store for various types of data, including text, numeric, geospatial, structured and unstructured; Kibana, a user interface, a management and configuration interface for the Elastic Suite; Beats, a one-time data sender for sending data from edge machines to Elasticsearch or Logstash; and Logstash, a data processing pipeline for ingesting data into Elasticsearch or other storage systems.
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