1 week Ago By ABMN Staff
Orion Portfolio Solutions LLC lessened its holdings in shares of Elastic ( NYSE:ESTC – Free Report ) by 25.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,905 shares of the company’s stock after selling 1,313 shares during the period.
Orion Portfolio Solutions LLC’s holdings in Elastic were worth $387,000 at the end of the most recent reporting period. Several other hedge funds also recently modified their holdings of the business. Pictet Asset Management Holding SA lifted its position in shares of Elastic by 15.
6% in the 4th quarter. Pictet Asset Management Holding SA now owns 3,429,756 shares of the company’s stock worth $339,820,000 after acquiring an additional 462,974 shares during the period. Norges Bank acquired a new stake in Elastic in the 4th quarter valued at about $102,485,000.
WINTON GROUP Ltd bought a new position in Elastic in the 4th quarter worth approximately $1,642,000. Artisan Partners Limited Partnership lifted its stake in shares of Elastic by 4.6% during the fourth quarter.
Artisan Partners Limited Partnership now owns 485,436 shares of the company’s stock valued at $48,097,000 after acquiring an additional 21,160 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Elastic by 1.
8% in the 4th quarter. Vanguard Group Inc. now owns 9,352,108 shares of the company’s stock valued at $926,607,000 after purchasing an additional 168,483 shares during the last quarter.
97.03% of the stock is owned by institutional investors. Insider Activity In related news, CEO Ashutosh Kulkarni sold 5,000 shares of Elastic stock in a transaction on Tuesday, March 25th.
The shares were sold at an average price of $102.64, for a total transaction of $513,200.00.
Following the completion of the transaction, the chief executive officer now owns 371,591 shares of the company’s stock, valued at $38,140,100.24. This trade represents a 1.
33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website . Also, insider Carolyn Herzog sold 3,334 shares of the business’s stock in a transaction dated Monday, March 10th.
The shares were sold at an average price of $90.78, for a total value of $302,660.52.
Following the completion of the transaction, the insider now directly owns 84,152 shares in the company, valued at $7,639,318.56. This represents a 3.
81 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Over the last 90 days, insiders sold 198,304 shares of company stock valued at $20,847,452.
Insiders own 15.90% of the company’s stock. Analyst Upgrades and Downgrades Check Out Our Latest Stock Report on ESTC Elastic Price Performance Elastic stock opened at $73.
03 on Wednesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.
99 and a current ratio of 1.99. The stock has a market capitalization of $7.
62 billion, a P/E ratio of 132.77 and a beta of 1.19.
Elastic has a 52 week low of $69.00 and a 52 week high of $123.96.
The stock has a fifty day moving average of $101.34 and a 200-day moving average of $96.47.
Elastic ( NYSE:ESTC – Get Free Report ) last announced its quarterly 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). Elastic had a negative return on equity of 13.
20% and a net margin of 4.39%. The company had revenue of $382.
08 million for the quarter, compared to analyst estimates of $368.85 million. On average, sell-side analysts expect that Elastic will post -0.
77 earnings per share for the current fiscal year. Elastic 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. See Also Receive News & Ratings for Elastic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Elastic and related companies with MarketBeat.
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