Elastic (NYSE:ESTC) SVP W.H. Baird Garrett Sells 192 Shares

Elastic (NYSE:ESTC) SVP W.H. Baird Garrett sold 192 shares of Elastic stock in a transaction dated Wednesday, June 9th. The shares were sold at an average price of $133.45, for a total transaction of $25,622.40. Following the transaction, the senior vice president now directly owns 38,098 shares of the company’s stock, valued at $5,084,178.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Elastic stock opened at $135.09 on Friday. The stock has a market capitalization of $12.13 billion, a P/E ratio of -91.28 and a beta of 1.06. The company’s fifty day simple moving average is $119.63. Elastic has a 52-week low of $78.00 and a 52-week high of $176.49.

Elastic (NYSE:ESTC) last released its quarterly earnings results on Tuesday, June 1st. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.08. The company had revenue of $177.60 million for the quarter, compared to the consensus estimate of $158.87 million. Elastic had a negative net margin of 21.27% and a negative return on equity of 23.24%. Elastic’s revenue was up 43.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.12) earnings per share. On average, analysts anticipate that Elastic will post -1.67 EPS for the current fiscal year.

A number of research analysts recently issued reports on ESTC shares. Citigroup lifted their price target on shares of Elastic from $190.00 to $200.00 in a research report on Friday, February 26th. Rosenblatt Securities lifted their target price on shares of Elastic from $175.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, June 3rd. Royal Bank of Canada lifted their target price on shares of Elastic from $183.00 to $194.00 and gave the stock an “outperform” rating in a report on Thursday, June 3rd. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their target price on shares of Elastic from $161.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, June 3rd. Finally, Barclays reduced their price target on shares of Elastic from $200.00 to $180.00 and set an “overweight” rating for the company in a research note on Thursday, June 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. Elastic currently has a consensus rating of “Buy” and a consensus price target of $169.26.

A number of hedge funds have recently bought and sold shares of the business. FMR LLC increased its position in Elastic by 10.7% during the fourth quarter. FMR LLC now owns 9,543,976 shares of the company’s stock valued at $1,394,661,000 after acquiring an additional 925,846 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Elastic by 3.4% in the first quarter. BlackRock Inc. now owns 5,253,919 shares of the company’s stock worth $584,236,000 after purchasing an additional 173,595 shares during the last quarter. Sylebra Capital Ltd grew its holdings in shares of Elastic by 7.3% in the first quarter. Sylebra Capital Ltd now owns 5,048,948 shares of the company’s stock worth $561,443,000 after purchasing an additional 343,631 shares during the last quarter. Capital International Investors grew its holdings in shares of Elastic by 5.1% in the first quarter. Capital International Investors now owns 2,436,820 shares of the company’s stock worth $270,974,000 after purchasing an additional 119,190 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Elastic by 16.5% in the first quarter. JPMorgan Chase & Co. now owns 2,305,150 shares of the company’s stock worth $256,333,000 after purchasing an additional 326,612 shares during the last quarter. Institutional investors and hedge funds own 76.70% of the company’s stock.

About Elastic

Elastic N.V., a search company, delivers technology that enables users to search through structured and unstructured data for a range of consumer and enterprise applications. It primarily offers Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as perform search, analysis, and visualization.

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Insider Buying and Selling by Quarter for Elastic (NYSE:ESTC)

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