2 weeks Ago By Defense World Staff
HighTower Advisors LLC decreased its position in Elastic (NYSE:ESTC – Free Report) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,497 shares of the company’s stock after selling 212 shares during the period.
HighTower Advisors LLC’s holdings in Elastic were worth $545,000 as of its most recent SEC filing. A number of other institutional investors have also recently made changes to their positions in the company. M&T Bank Corp lifted its stake in Elastic by 3.
1% in the 3rd quarter. M&T Bank Corp now owns 4,652 shares of the company’s stock worth $357,000 after purchasing an additional 139 shares in the last quarter. Sigma Planning Corp lifted its stake in shares of Elastic by 3.
7% in the 4th quarter. Sigma Planning Corp now owns 3,929 shares of the company’s stock valued at $389,000 after acquiring an additional 139 shares during the last quarter. CIBC Asset Management Inc boosted its stake in shares of Elastic by 5.
2% during the fourth quarter. CIBC Asset Management Inc now owns 3,053 shares of the company’s stock valued at $302,000 after purchasing an additional 151 shares during the period. Smartleaf Asset Management LLC boosted its position in Elastic by 126.
4% during the 4th quarter. Smartleaf Asset Management LLC now owns 283 shares of the company’s stock valued at $28,000 after buying an additional 158 shares during the period. Finally, Van ECK Associates Corp boosted its holdings in shares of Elastic by 0.
7% during the fourth quarter. Van ECK Associates Corp now owns 32,954 shares of the company’s stock worth $3,265,000 after purchasing an additional 220 shares during the period. Hedge funds and other institutional investors own 97.
03% of the company’s stock. Insider Buying and Selling at ElasticIn other news, CTO Shay Banon sold 25,668 shares of Elastic stock in a transaction dated Sunday, March 2nd. The shares were sold at an average price of $112.
53, for a total transaction of $2,888,420.04. Following the completion of the sale, the chief technology officer now directly owns 2,408,541 shares in the company, valued at $271,033,118.
73. The trade was a 1.05 % decrease in their ownership of the stock.
The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ashutosh Kulkarni sold 18,735 shares of Elastic stock in a transaction on Monday, March 10th. The shares were sold at an average price of $90.
77, for a total value of $1,700,575.95. Following the completion of the sale, the chief executive officer now directly owns 376,591 shares of the company’s stock, valued at approximately $34,183,165.
07. This represents a 4.74 % decrease in their position.
The disclosure for this sale can be found here. In the last three months, insiders have sold 198,304 shares of company stock valued at $20,847,452. 15.
90% of the stock is owned by company insiders. Elastic Stock PerformanceShares of ESTC opened at $91.55 on Friday.
The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.99 and a current ratio of 1.
99. Elastic has a 1 year low of $69.00 and a 1 year high of $123.
96. The stock has a market capitalization of $9.56 billion, a PE ratio of 166.
46 and a beta of 1.20. The stock has a 50-day simple moving average of $105.
25 and a 200-day simple moving average of $96.13. Elastic (NYSE:ESTC – Get Free Report) last issued its earnings results on Thursday, February 27th.
The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.
48). The company had revenue of $382.08 million during the quarter, compared to analyst estimates of $368.
85 million. Elastic had a net margin of 4.39% and a negative return on equity of 13.
20%. On average, analysts predict that Elastic will post -0.77 earnings per share for the current fiscal year.
Analyst Upgrades and DowngradesSeveral equities research analysts have recently commented on the stock. Wedbush cut shares of Elastic from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Wells Fargo & Company increased their target price on Elastic from $135.
00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Scotiabank reduced their price target on shares of Elastic from $140.
00 to $137.00 and set a “sector outperform” rating for the company in a research report on Thursday. Canaccord Genuity Group lifted their price objective on Elastic from $130.
00 to $135.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Finally, Morgan Stanley boosted their target price on shares of Elastic from $130.
00 to $140.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock.
According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $131.39.Check Out Our Latest Research Report on ESTCElastic Company Profile (Free Report)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.
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