Elastic (NYSE:ESTC) Shares Purchased by California State Teachers Retirement System

California State Teachers Retirement System lifted its position in Elastic (NYSE:ESTCFree Report) by 1.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 87,777 shares of the company’s stock after acquiring an additional 1,566 shares during the quarter. California State Teachers Retirement System owned 0.09% of Elastic worth $9,892,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. PNC Financial Services Group Inc. increased its position in Elastic by 6.6% in the third quarter. PNC Financial Services Group Inc. now owns 2,284 shares of the company’s stock worth $186,000 after buying an additional 142 shares during the period. Treasurer of the State of North Carolina lifted its position in Elastic by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 34,154 shares of the company’s stock valued at $2,775,000 after purchasing an additional 170 shares during the last quarter. Rakuten Securities Inc. acquired a new position in Elastic during the 4th quarter valued at about $25,000. CWM LLC grew its position in Elastic by 5.9% in the 4th quarter. CWM LLC now owns 4,924 shares of the company’s stock worth $555,000 after purchasing an additional 276 shares during the last quarter. Finally, Covestor Ltd increased its stake in shares of Elastic by 168.3% in the third quarter. Covestor Ltd now owns 448 shares of the company’s stock valued at $36,000 after purchasing an additional 281 shares during the period. 97.03% of the stock is currently owned by institutional investors.

Insider Activity at Elastic

In related news, CEO Ashutosh Kulkarni sold 15,778 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $103.28, for a total value of $1,629,551.84. Following the completion of the transaction, the chief executive officer now owns 364,235 shares of the company’s stock, valued at approximately $37,618,190.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Ashutosh Kulkarni sold 15,778 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $103.28, for a total value of $1,629,551.84. Following the completion of the sale, the chief executive officer now directly owns 364,235 shares of the company’s stock, valued at approximately $37,618,190.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Janesh Moorjani sold 5,515 shares of Elastic stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $103.28, for a total value of $569,589.20. Following the transaction, the chief financial officer now directly owns 156,797 shares in the company, valued at approximately $16,193,994.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 962,440 shares of company stock worth $94,535,764. 18.10% of the stock is owned by corporate insiders.

Elastic Price Performance

ESTC stock opened at $111.95 on Friday. The firm has a 50-day moving average of $103.18 and a two-hundred day moving average of $108.69. The firm has a market capitalization of $11.28 billion, a PE ratio of 211.28 and a beta of 0.92. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.80. Elastic has a one year low of $57.38 and a one year high of $136.06.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ESTC. JPMorgan Chase & Co. decreased their price objective on Elastic from $138.00 to $125.00 and set an “overweight” rating for the company in a report on Friday, May 24th. UBS Group started coverage on Elastic in a report on Wednesday, May 22nd. They set a “buy” rating and a $135.00 price target on the stock. Truist Financial upped their price objective on shares of Elastic from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. Bank of America decreased their target price on shares of Elastic from $150.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, May 31st. Finally, Robert W. Baird reduced their price target on shares of Elastic from $137.00 to $135.00 and set an “outperform” rating for the company in a research note on Tuesday, May 28th. Seven equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, Elastic has a consensus rating of “Moderate Buy” and an average target price of $118.05.

Read Our Latest Stock Analysis on Elastic

Elastic Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Elastic (NYSE:ESTC)

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