Insider Selling: Elastic NV (NYSE:ESTC) CRO Sells 25,000 Shares of Stock

Elastic NV (NYSE:ESTC) CRO Aaron Katz sold 25,000 shares of Elastic stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $77.73, for a total value of $1,943,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Aaron Katz also recently made the following trade(s):

  • On Tuesday, June 11th, Aaron Katz sold 35,000 shares of Elastic stock. The stock was sold at an average price of $79.47, for a total value of $2,781,450.00.
  • On Tuesday, June 4th, Aaron Katz sold 15,000 shares of Elastic stock. The stock was sold at an average price of $80.38, for a total value of $1,205,700.00.
  • On Monday, May 6th, Aaron Katz sold 15,000 shares of Elastic stock. The stock was sold at an average price of $84.74, for a total value of $1,271,100.00.

Shares of ESTC opened at $80.69 on Wednesday. Elastic NV has a 12-month low of $58.55 and a 12-month high of $100.43. The company has a market capitalization of $5.91 billion and a price-to-earnings ratio of -44.83. The firm’s 50-day moving average price is $78.79.

Elastic (NYSE:ESTC) last issued its quarterly earnings results on Wednesday, June 5th. The company reported ($0.28) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.45) by $0.17. The firm had revenue of $80.60 million for the quarter, compared to the consensus estimate of $75.79 million. The business’s revenue for the quarter was up 62.5% compared to the same quarter last year. As a group, equities analysts expect that Elastic NV will post -2.17 earnings per share for the current year.

ESTC has been the topic of a number of recent analyst reports. KeyCorp initiated coverage on Elastic in a research note on Thursday, April 4th. They issued an “overweight” rating and a $102.00 price objective on the stock. Bank of America lifted their price objective on Elastic from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th. Stifel Nicolaus initiated coverage on Elastic in a research note on Monday, May 13th. They issued a “hold” rating and a $75.00 price objective on the stock. Monness Crespi & Hardt reiterated a “buy” rating and issued a $125.00 price objective (up from $120.00) on shares of Elastic in a research note on Thursday, June 6th. Finally, FBN Securities initiated coverage on Elastic in a research note on Tuesday, April 2nd. They issued an “outperform” rating on the stock. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $93.92.

Institutional investors and hedge funds have recently modified their holdings of the stock. Rhumbline Advisers purchased a new position in Elastic during the 4th quarter valued at about $470,000. Victory Capital Management Inc. purchased a new position in Elastic during the 4th quarter valued at about $42,000. PNC Financial Services Group Inc. purchased a new position in Elastic during the 4th quarter valued at about $100,000. BlackRock Inc. purchased a new position in Elastic during the 4th quarter valued at about $30,062,000. Finally, Bank of New York Mellon Corp purchased a new position in Elastic during the 4th quarter valued at about $1,260,000. Hedge funds and other institutional investors own 41.66% of the company’s stock.

About Elastic

Elastic N.V. develops and delivers technology that enables users to search structured and unstructured data for a range of consumer and enterprise applications. It primarily provides 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.

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Insider Buying and Selling by Quarter for Elastic (NYSE:ESTC)

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