Elastic (NYSE:ESTC) Insider Carolyn Herzog Sells 1,322 Shares

Elastic (NYSE:ESTCGet Rating) insider Carolyn Herzog sold 1,322 shares of the stock in a transaction on Friday, September 9th. The stock was sold at an average price of $88.55, for a total transaction of $117,063.10. Following the transaction, the insider now owns 59,161 shares in the company, valued at approximately $5,238,706.55. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Elastic Price Performance

NYSE:ESTC opened at $83.19 on Wednesday. The company has a 50-day moving average of $80.89 and a 200-day moving average of $77.53. The company has a market capitalization of $7.90 billion, a price-to-earnings ratio of -32.50 and a beta of 1.13. Elastic has a 52 week low of $50.74 and a 52 week high of $189.84. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.96 and a current ratio of 1.96.

Hedge Funds Weigh In On Elastic

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Elastic by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 7,038,914 shares of the company’s stock worth $626,112,000 after acquiring an additional 101,159 shares during the period. BlackRock Inc. lifted its holdings in shares of Elastic by 4.8% during the 1st quarter. BlackRock Inc. now owns 5,616,149 shares of the company’s stock worth $499,557,000 after acquiring an additional 259,742 shares during the period. Sylebra Capital Ltd lifted its holdings in shares of Elastic by 10.2% during the 2nd quarter. Sylebra Capital Ltd now owns 4,496,835 shares of the company’s stock worth $304,301,000 after acquiring an additional 416,633 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Elastic by 37.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,077,284 shares of the company’s stock worth $208,240,000 after acquiring an additional 843,403 shares during the period. Finally, Clearbridge Investments LLC lifted its holdings in Elastic by 1.5% during the 1st quarter. Clearbridge Investments LLC now owns 1,557,579 shares of the company’s stock valued at $138,547,000 after purchasing an additional 22,421 shares during the last quarter. 74.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on ESTC shares. Monness Crespi & Hardt lowered shares of Elastic from a “buy” rating to a “neutral” rating in a research note on Thursday, August 11th. Truist Financial lowered their target price on shares of Elastic from $110.00 to $105.00 and set a “buy” rating on the stock in a research note on Monday, July 18th. Jefferies Financial Group lowered their target price on shares of Elastic from $90.00 to $60.00 in a research note on Monday, May 23rd. Canaccord Genuity Group started coverage on shares of Elastic in a research note on Thursday, July 7th. They issued a “buy” rating on the stock. Finally, Royal Bank of Canada lowered their target price on shares of Elastic from $133.00 to $110.00 in a research note on Tuesday, May 31st. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $123.85.

Elastic Company Profile

(Get Rating)

Elastic N.V., a search company, delivers technology 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 perform search, analysis, and visualization.

Further Reading

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

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