Oddo BHF Asset Management Sas Purchases Shares of 186,608 Elastic (NYSE:ESTC)

Oddo BHF Asset Management Sas purchased a new position in shares of Elastic (NYSE:ESTC) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 186,608 shares of the company’s stock, valued at approximately $14,324,000. Oddo BHF Asset Management Sas owned 0.18% of Elastic as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of ESTC. Asset Dedication LLC raised its holdings in Elastic by 1,333.3% in the 2nd quarter. Asset Dedication LLC now owns 301 shares of the company’s stock valued at $34,000 after acquiring an additional 280 shares in the last quarter. AlphaCentric Advisors LLC bought a new position in shares of Elastic during the 2nd quarter worth $40,000. Quarry LP bought a new position in shares of Elastic in the second quarter valued at approximately $40,000. Signaturefd LLC increased its holdings in shares of Elastic by 44.1% in the 2nd quarter. Signaturefd LLC now owns 389 shares of the company’s stock worth $44,000 after buying an additional 119 shares during the last quarter. Finally, Headlands Technologies LLC boosted its stake in Elastic by 75.4% in the second quarter. Headlands Technologies LLC now owns 628 shares of the company’s stock worth $72,000 after buying an additional 270 shares in the last quarter. 97.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on ESTC shares. William Blair raised shares of Elastic from a “market perform” rating to an “outperform” rating in a report on Monday, October 14th. Oppenheimer raised their price target on Elastic from $125.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Rosenblatt Securities reaffirmed a “buy” rating and set a $120.00 price target on shares of Elastic in a research report on Wednesday, November 20th. Truist Financial increased their target price on Elastic from $105.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Finally, Wells Fargo & Company raised their price target on Elastic from $100.00 to $135.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Five investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $126.33.

Insider Transactions at Elastic

In other Elastic news, insider Carolyn Herzog sold 11,145 shares of Elastic stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $111.34, for a total value of $1,240,884.30. Following the sale, the insider now directly owns 92,011 shares in the company, valued at approximately $10,244,504.74. The trade was a 10.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Shay Banon sold 150,000 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $110.92, for a total transaction of $16,638,000.00. Following the completion of the transaction, the chief technology officer now owns 2,604,978 shares in the company, valued at approximately $288,944,159.76. This represents a 5.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.90% of the stock is currently owned by corporate insiders.

Elastic Stock Up 0.2 %

Shares of Elastic stock opened at $107.26 on Friday. The stock’s fifty day moving average is $91.22 and its 200-day moving average is $97.28. The firm has a market capitalization of $11.12 billion, a PE ratio of 195.02 and a beta of 1.02. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.70. Elastic has a 12-month low of $69.00 and a 12-month high of $136.06.

Elastic Company 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.