Elastic (NYSE:ESTC) Insider Carolyn Herzog Sells 11,145 Shares

Elastic (NYSE:ESTC) 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 completion of the sale, the insider now directly owns 92,011 shares of the company’s stock, valued at approximately $10,244,504.74. This represents a 10.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Carolyn Herzog also recently made the following trade(s):

• On Monday, September 9th, Carolyn Herzog sold 4,489 shares of Elastic stock. The stock was sold at an average price of $70.25, for a total value of $315,352.25.

Elastic Stock Performance

ESTC stock traded down $1.40 during mid-day trading on Wednesday, reaching $110.13. The company had a trading volume of 1,491,090 shares, compared to its average volume of 1,336,475. The stock’s 50-day simple moving average is $83.22 and its two-hundred day simple moving average is $96.99. The stock has a market capitalization of $11.32 billion, a P/E ratio of 204.47 and a beta of 0.94. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.75. Elastic has a one year low of $69.00 and a one year high of $136.06.

Elastic (NYSE:ESTC) last posted its earnings results on Thursday, August 29th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.25 by $0.10. Elastic had a net margin of 4.39% and a negative return on equity of 13.54%. The firm had revenue of $347.42 million during the quarter, compared to analysts’ expectations of $344.67 million. During the same quarter in the prior year, the firm earned ($0.35) EPS. Elastic’s quarterly revenue was up 18.3% on a year-over-year basis. Research analysts anticipate that Elastic will post -0.92 EPS for the current year.

Institutional Trading of Elastic

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Franklin Resources Inc. lifted its position in shares of Elastic by 256.3% during the 3rd quarter. Franklin Resources Inc. now owns 341,524 shares of the company’s stock valued at $28,387,000 after acquiring an additional 245,680 shares during the last quarter. Tidal Investments LLC increased its position in shares of Elastic by 239.1% in the third quarter. Tidal Investments LLC now owns 9,807 shares of the company’s stock worth $753,000 after acquiring an additional 6,915 shares in the last quarter. Virtu Financial LLC raised its holdings in shares of Elastic by 131.9% during the third quarter. Virtu Financial LLC now owns 4,338 shares of the company’s stock valued at $333,000 after acquiring an additional 2,467 shares during the period. Geode Capital Management LLC lifted its position in shares of Elastic by 3.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,394,336 shares of the company’s stock valued at $107,058,000 after acquiring an additional 50,355 shares in the last quarter. Finally, Vestcor Inc acquired a new position in Elastic in the 3rd quarter worth approximately $1,919,000. Institutional investors own 97.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Baird R W raised shares of Elastic from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. The Goldman Sachs Group raised their price objective on Elastic from $99.00 to $113.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. Truist Financial upped their target price on Elastic from $105.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Citigroup raised their target price on Elastic from $136.00 to $150.00 and gave the company a “buy” rating in a report on Monday. Finally, Bank of America upped their price target on Elastic from $94.00 to $120.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Five research 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 stock. According to data from MarketBeat.com, Elastic has an average rating of “Moderate Buy” and a consensus price target of $126.33.

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.