91,527 Shares in Elastic (NYSE:ESTC) Bought by Capital Fund Management S.A.

Capital Fund Management S.A. purchased a new stake in Elastic (NYSE:ESTCFree Report) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 91,527 shares of the company’s stock, valued at approximately $10,315,000. Capital Fund Management S.A. owned about 0.09% of Elastic as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Elastic by 4.6% during the 3rd quarter. Vanguard Group Inc. now owns 8,573,534 shares of the company’s stock valued at $696,514,000 after acquiring an additional 380,694 shares during the last quarter. International Assets Investment Management LLC bought a new position in Elastic during the fourth quarter valued at $25,660,000. CenterBook Partners LP grew its stake in shares of Elastic by 13.1% in the 4th quarter. CenterBook Partners LP now owns 27,985 shares of the company’s stock worth $3,154,000 after buying an additional 3,245 shares in the last quarter. UBS Group AG grew its stake in shares of Elastic by 28.0% in the 3rd quarter. UBS Group AG now owns 56,805 shares of the company’s stock worth $4,615,000 after buying an additional 12,430 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Elastic by 3.8% in the 3rd quarter. Northern Trust Corp now owns 372,712 shares of the company’s stock worth $30,279,000 after buying an additional 13,587 shares during the last quarter. Hedge funds and other institutional investors own 97.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on ESTC shares. JPMorgan Chase & Co. lowered their price target on shares of Elastic from $138.00 to $125.00 and set an “overweight” rating for the company in a report on Friday, May 24th. Canaccord Genuity Group dropped their target price on Elastic from $130.00 to $125.00 and set a “buy” rating for the company in a report on Friday, May 31st. Royal Bank of Canada increased their price target on Elastic from $134.00 to $147.00 and gave the company an “overweight” rating in a report on Monday, March 4th. Barclays dropped their price objective on shares of Elastic from $128.00 to $117.00 and set an “equal weight” rating for the company in a research note on Friday, May 31st. Finally, Rosenblatt Securities boosted their price objective on shares of Elastic from $105.00 to $136.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Seven research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $118.05.

View Our Latest Stock Analysis on ESTC

Insider Activity at Elastic

In other Elastic news, Director Steven Schuurman sold 815,000 shares of the stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $97.54, for a total transaction of $79,495,100.00. Following the transaction, the director now directly owns 8,382,000 shares in the company, valued at approximately $817,580,280. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CTO Shay Banon sold 20,000 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $101.52, for a total value of $2,030,400.00. Following the transaction, the chief technology officer now owns 3,054,978 shares in the company, valued at approximately $310,141,366.56. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Steven Schuurman sold 815,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $97.54, for a total transaction of $79,495,100.00. Following the transaction, the director now directly owns 8,382,000 shares of the company’s stock, valued at $817,580,280. The disclosure for this sale can be found here. Insiders sold 935,192 shares of company stock worth $91,717,690 over the last three months. 18.10% of the stock is owned by corporate insiders.

Elastic Price Performance

Shares of ESTC stock opened at $112.77 on Tuesday. Elastic has a twelve month low of $57.38 and a twelve month high of $136.06. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.80. The stock has a fifty day simple moving average of $103.18 and a two-hundred day simple moving average of $109.14. The stock has a market capitalization of $11.37 billion, a price-to-earnings ratio of 212.77 and a beta of 0.92.

About Elastic

(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.

Further Reading

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Institutional Ownership by Quarter for Elastic (NYSE:ESTC)

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