Elastic (NYSE:ESTC – Get 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
Elastic Company Profile
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.
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