Elastic (NYSE:ESTC) Shares Purchased by Baader Bank INC

Baader Bank INC increased its stake in shares of Elastic (NYSE:ESTCGet Rating) by 250.0% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 35,000 shares of the company’s stock after acquiring an additional 25,000 shares during the period. Baader Bank INC’s holdings in Elastic were worth $3,113,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in 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 in the last quarter. BlackRock Inc. lifted its position in 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 in the last quarter. Sylebra Capital Ltd lifted its position in Elastic by 8.0% during the 1st quarter. Sylebra Capital Ltd now owns 4,080,202 shares of the company’s stock worth $362,934,000 after acquiring an additional 303,016 shares in the last quarter. Clearbridge Investments LLC lifted its position in Elastic by 1.5% during the 1st quarter. Clearbridge Investments LLC now owns 1,557,579 shares of the company’s stock worth $138,547,000 after acquiring an additional 22,421 shares in the last quarter. Finally, XN LP lifted its position in Elastic by 343.5% during the 1st quarter. XN LP now owns 1,298,098 shares of the company’s stock worth $115,466,000 after acquiring an additional 1,005,396 shares in the last quarter. 74.31% of the stock is owned by institutional investors and hedge funds.

Elastic Price Performance

Shares of ESTC opened at $83.19 on Wednesday. The company has a market cap of $7.90 billion, a P/E ratio of -32.50 and a beta of 1.13. The stock has a fifty day moving average price of $80.89 and a 200 day moving average price of $77.53. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.96 and a quick ratio of 1.96. Elastic has a 12 month low of $50.74 and a 12 month high of $189.84.

Insider Buying and Selling

In related news, CEO Ashutosh Kulkarni sold 7,512 shares of the company’s stock in a transaction on Friday, September 9th. The stock was sold at an average price of $88.55, for a total transaction of $665,187.60. Following the completion of the transaction, the chief executive officer now directly owns 126,110 shares in the company, valued at approximately $11,167,040.50. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Elastic news, CFO Janesh Moorjani sold 1,959 shares of the business’s stock in a transaction on Friday, September 9th. The stock was sold at an average price of $88.55, for a total transaction of $173,469.45. Following the completion of the transaction, the chief financial officer now owns 76,965 shares in the company, valued at approximately $6,815,250.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ashutosh Kulkarni sold 7,512 shares of the business’s stock in a transaction on Friday, September 9th. The stock was sold at an average price of $88.55, for a total value of $665,187.60. Following the transaction, the chief executive officer now owns 126,110 shares of the company’s stock, valued at approximately $11,167,040.50. The disclosure for this sale can be found here. Insiders sold a total of 17,043 shares of company stock worth $1,411,220 in the last three months. 18.80% of the stock is owned by insiders.

Analyst Ratings Changes

ESTC has been the topic of a number of recent analyst reports. Jefferies Financial Group cut their target price on Elastic from $90.00 to $60.00 in a research report on Monday, May 23rd. Piper Sandler upped their target price on Elastic from $85.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday, August 26th. Royal Bank of Canada cut their target price on Elastic from $133.00 to $110.00 in a research report on Tuesday, May 31st. Canaccord Genuity Group initiated coverage on Elastic in a research report on Thursday, July 7th. They issued a “buy” rating on the stock. Finally, Monness Crespi & Hardt lowered Elastic from a “buy” rating to a “neutral” rating in a research report on Thursday, August 11th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, Elastic has a consensus rating of “Moderate Buy” and a consensus target price of $123.85.

Elastic Company Profile

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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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Institutional Ownership by Quarter for Elastic (NYSE:ESTC)

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