Elastic NV (NYSE:ESTC) CRO Sells $2,094,750.00 in Stock

Elastic NV (NYSE:ESTC) CRO Aaron Katz sold 25,000 shares of the firm’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $83.79, for a total value of $2,094,750.00.

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

  • On Monday, August 5th, Aaron Katz sold 25,000 shares of Elastic stock. The shares were sold at an average price of $89.68, for a total value of $2,242,000.00.

Shares of NYSE ESTC opened at $85.24 on Friday. Elastic NV has a fifty-two week low of $58.88 and a fifty-two week high of $104.10. The firm’s 50-day simple moving average is $86.67 and its 200 day simple moving average is $85.07. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.11. The stock has a market cap of $6.54 billion and a P/E ratio of -47.36.

Elastic (NYSE:ESTC) last issued its quarterly earnings data on Wednesday, August 28th. The company reported ($0.51) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.60) by $0.09. Elastic had a negative net margin of 41.18% and a negative return on equity of 44.92%. The business had revenue of $89.70 million for the quarter, compared to analysts’ expectations of $83.49 million. The firm’s quarterly revenue was up 58.5% on a year-over-year basis. On average, sell-side analysts anticipate that Elastic NV will post -2.07 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Phocas Financial Corp. bought a new stake in shares of Elastic during the second quarter valued at about $2,195,000. US Bancorp DE bought a new stake in shares of Elastic during the second quarter valued at about $37,000. Machina Capital S.A.S. bought a new stake in shares of Elastic during the second quarter valued at about $52,000. O Shares Investment Advisers LLC raised its stake in shares of Elastic by 9.7% during the second quarter. O Shares Investment Advisers LLC now owns 8,123 shares of the company’s stock valued at $606,000 after purchasing an additional 717 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of Elastic by 15.9% during the second quarter. Invesco Ltd. now owns 6,107 shares of the company’s stock valued at $456,000 after purchasing an additional 840 shares in the last quarter. Institutional investors and hedge funds own 52.08% of the company’s stock.

ESTC has been the topic of a number of recent research reports. Royal Bank of Canada raised their target price on Elastic from $112.00 to $117.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. Stifel Nicolaus raised their target price on Elastic from $85.00 to $100.00 and gave the company a “hold” rating in a research note on Thursday, August 29th. Barclays raised their target price on Elastic from $108.00 to $109.00 and gave the company an “overweight” rating in a research note on Thursday, August 29th. Monness Crespi & Hardt raised their target price on Elastic from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Finally, Bank of America raised their target price on Elastic from $135.00 to $137.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Elastic presently has a consensus rating of “Buy” and an average price target of $104.00.

Elastic Company Profile

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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