Elastic (NYSE:ESTC) Insider Carolyn Herzog Sells 11,145 Shares

Elastic (NYSE:ESTC) insider Carolyn Herzog sold 11,145 shares of Elastic stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $111.34, for a total value of $1,240,884.30. Following the transaction, the insider now directly owns 92,011 shares in the company, valued at approximately $10,244,504.74. This trade represents a 10.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Carolyn Herzog also recently made the following trade(s):

• On Monday, September 9th, Carolyn Herzog sold 4,489 shares of Elastic stock. The stock was sold at an average price of $70.25, for a total transaction of $315,352.25.

Elastic Trading Down 1.3 %

Shares of ESTC opened at $110.13 on Thursday. Elastic has a 1-year low of $69.00 and a 1-year high of $136.06. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.91 and a quick ratio of 1.91. The firm has a 50 day simple moving average of $83.22 and a 200-day simple moving average of $96.99. The stock has a market cap of $11.32 billion, a price-to-earnings ratio of 200.24 and a beta of 0.94.

Elastic (NYSE:ESTC) last released its earnings results on Thursday, August 29th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.10. Elastic had a net margin of 4.39% and a negative return on equity of 13.54%. The company had revenue of $347.42 million for the quarter, compared to analyst estimates of $344.67 million. During the same period in the prior year, the firm earned ($0.35) EPS. The firm’s quarterly revenue was up 18.3% on a year-over-year basis. Equities analysts forecast that Elastic will post -0.92 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on ESTC shares. Barclays increased their price target on shares of Elastic from $105.00 to $138.00 and gave the stock an “overweight” rating in a research note on Monday. William Blair upgraded shares of Elastic from a “market perform” rating to an “outperform” rating in a research note on Monday, October 14th. Bank of America boosted their price target on Elastic from $94.00 to $120.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. Guggenheim raised their target price on shares of Elastic from $100.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Finally, Oppenheimer lifted their price target on Elastic from $125.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Five research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $126.33.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ESTC. Franklin Resources Inc. lifted its position in Elastic by 256.3% during the third quarter. Franklin Resources Inc. now owns 341,524 shares of the company’s stock worth $28,387,000 after buying an additional 245,680 shares during the period. Tidal Investments LLC grew its holdings in Elastic by 239.1% in the third quarter. Tidal Investments LLC now owns 9,807 shares of the company’s stock valued at $753,000 after purchasing an additional 6,915 shares during the period. Virtu Financial LLC increased its position in Elastic by 131.9% during the third quarter. Virtu Financial LLC now owns 4,338 shares of the company’s stock worth $333,000 after purchasing an additional 2,467 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Elastic by 3.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,394,336 shares of the company’s stock valued at $107,058,000 after purchasing an additional 50,355 shares during the last quarter. Finally, Vestcor Inc purchased a new stake in Elastic during the third quarter valued at about $1,919,000. 97.03% of the stock is currently owned by institutional investors and hedge funds.

Elastic Company 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.