Elastic N.V. (NYSE:ESTC) Shares Purchased by Signaturefd LLC

Signaturefd LLC lifted its position in Elastic N.V. (NYSE:ESTC) by 53.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 335 shares of the company’s stock after acquiring an additional 117 shares during the period. Signaturefd LLC’s holdings in Elastic were worth $30,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Thrivent Financial for Lutherans boosted its holdings in Elastic by 187.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 9,073 shares of the company’s stock valued at $899,000 after purchasing an additional 5,919 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Elastic by 4.6% in the first quarter. Bank of New York Mellon Corp now owns 504,823 shares of the company’s stock valued at $44,980,000 after purchasing an additional 22,005 shares during the last quarter. Cetera Investment Advisers boosted its holdings in Elastic by 13.3% in the fourth quarter. Cetera Investment Advisers now owns 7,203 shares of the company’s stock valued at $714,000 after purchasing an additional 843 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in Elastic in the first quarter valued at $205,000. Finally, Teacher Retirement System of Texas boosted its holdings in Elastic by 26.6% in the first quarter. Teacher Retirement System of Texas now owns 18,130 shares of the company’s stock valued at $1,615,000 after purchasing an additional 3,813 shares during the last quarter. 97.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Elastic news, CEO Ashutosh Kulkarni sold 22,901 shares of the stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $86.91, for a total value of $1,990,325.91. Following the completion of the sale, the chief executive officer owned 454,841 shares in the company, valued at approximately $39,530,231.31. This represents a 4.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Carolyn Herzog sold 5,702 shares of the stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $86.91, for a total transaction of $495,560.82. Following the completion of the sale, the insider owned 93,985 shares of the company’s stock, valued at approximately $8,168,236.35. The trade was a 5.72% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,913 shares of company stock worth $4,416,324 in the last 90 days. Corporate insiders own 15.90% of the company’s stock.

Elastic Trading Down 0.2%

Shares of Elastic stock opened at $87.17 on Thursday. The firm has a market capitalization of $9.20 billion, a PE ratio of -83.01 and a beta of 1.07. Elastic N.V. has a twelve month low of $69.00 and a twelve month high of $118.84. The firm’s 50-day moving average price is $86.15 and its 200 day moving average price is $92.76. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.61.

Elastic (NYSE:ESTC) last released its quarterly earnings data on Thursday, May 29th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.10. The company had revenue of $388.43 million during the quarter, compared to the consensus estimate of $380.61 million. Elastic had a negative net margin of 7.29% and a negative return on equity of 4.46%. Elastic’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.21 EPS. On average, sell-side analysts predict that Elastic N.V. will post -0.77 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on ESTC. KeyCorp began coverage on shares of Elastic in a report on Tuesday, June 10th. They issued a “sector weight” rating on the stock. Barclays lowered their price target on shares of Elastic from $124.00 to $105.00 and set an “overweight” rating on the stock in a report on Friday, May 30th. TD Securities lowered their price target on shares of Elastic from $125.00 to $105.00 and set a “hold” rating on the stock in a report on Wednesday, May 21st. Guggenheim lowered their price target on shares of Elastic from $136.00 to $107.00 and set a “buy” rating on the stock in a report on Friday, May 30th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Elastic from $120.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday, May 30th. Eight research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Elastic currently has an average rating of “Moderate Buy” and a consensus price target of $112.72.

Elastic Profile

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.