72,789 Shares in Elastic (NYSE:ESTC) Purchased by Savant Capital LLC

Savant Capital LLC acquired a new stake in shares of Elastic (NYSE:ESTC) during the 4th quarter, Holdings Channel.com reports. The fund acquired 72,789 shares of the company’s stock, valued at approximately $7,212,000.

A number of other large investors also recently bought and sold shares of ESTC. Geneos Wealth Management Inc. acquired a new stake in Elastic during the fourth quarter worth about $25,000. Eastern Bank bought a new position in shares of Elastic during the third quarter valued at approximately $61,000. FNY Investment Advisers LLC raised its position in shares of Elastic by 87.3% during the 4th quarter. FNY Investment Advisers LLC now owns 749 shares of the company’s stock worth $74,000 after purchasing an additional 349 shares during the period. Blue Trust Inc. lifted its holdings in shares of Elastic by 21.2% in the 3rd quarter. Blue Trust Inc. now owns 2,582 shares of the company’s stock worth $198,000 after purchasing an additional 452 shares during the last quarter. Finally, Stephens Consulting LLC acquired a new position in Elastic during the 4th quarter valued at approximately $198,000. Institutional investors own 97.03% of the company’s stock.

Insider Transactions at Elastic

In other Elastic news, CTO Shay Banon sold 150,000 shares of the company’s stock in a transaction dated 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 sale, the chief technology officer now directly owns 2,604,978 shares of the company’s stock, valued at approximately $288,944,159.76. This represents a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ashutosh Kulkarni sold 7,017 shares of Elastic stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $108.12, for a total transaction of $758,678.04. Following the completion of the transaction, the chief executive officer now directly owns 395,326 shares in the company, valued at approximately $42,742,647.12. This trade represents a 1.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 168,162 shares of company stock valued at $18,637,562 in the last three months. 15.90% of the stock is currently owned by corporate insiders.

Elastic Trading Up 3.2 %

Elastic stock opened at $116.56 on Tuesday. The firm has a market cap of $12.08 billion, a price-to-earnings ratio of 211.92 and a beta of 1.07. Elastic has a 1 year low of $69.00 and a 1 year high of $136.06. The firm’s 50 day moving average price is $105.23 and its two-hundred day moving average price is $94.96. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.99 and a current ratio of 1.99.

Analysts Set New Price Targets

ESTC has been the topic of a number of recent research reports. Cantor Fitzgerald began coverage on Elastic in a research note on Friday, January 17th. They issued a “neutral” rating and a $108.00 target price on the stock. Guggenheim boosted their target price on shares of Elastic from $100.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Bank of America raised their price target on shares of Elastic from $94.00 to $120.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. Needham & Company LLC reiterated a “hold” rating on shares of Elastic in a research report on Friday, November 22nd. Finally, The Goldman Sachs Group increased their price objective on Elastic from $99.00 to $113.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Seven investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $125.35.

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.