Elastic (NYSE:ESTC) CRO Mark Eugene Dodds Sells 2,755 Shares

Elastic (NYSE:ESTC) CRO Mark Eugene Dodds sold 2,755 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $90.77, for a total transaction of $250,071.35. Following the sale, the executive now directly owns 96,484 shares in the company, valued at approximately $8,757,852.68. The trade was a 2.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Elastic Stock Up 3.6 %

Shares of NYSE:ESTC opened at $95.00 on Friday. The company has a market capitalization of $9.92 billion, a price-to-earnings ratio of 172.73 and a beta of 1.20. Elastic has a 12-month low of $69.00 and a 12-month high of $123.96. The business has a 50-day moving average price of $105.80 and a 200 day moving average price of $95.07. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.70.

Elastic (NYSE:ESTC) last released its quarterly earnings results on Thursday, February 27th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.48). The company had revenue of $382.08 million during the quarter, compared to analysts’ expectations of $368.85 million. Elastic had a net margin of 4.39% and a negative return on equity of 13.20%. Sell-side analysts expect that Elastic will post -0.77 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. increased their price target on Elastic from $100.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. The Goldman Sachs Group lifted their price target on shares of Elastic from $99.00 to $113.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. Needham & Company LLC restated a “hold” rating on shares of Elastic in a research report on Friday, November 22nd. Oppenheimer lifted their target price on shares of Elastic from $125.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. Finally, Barclays upped their price target on shares of Elastic from $105.00 to $138.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. Seven equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Elastic has an average rating of “Moderate Buy” and a consensus price target of $131.52.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new stake in shares of Elastic in the 4th quarter valued at $25,000. Geneos Wealth Management Inc. acquired a new position in Elastic in the 4th quarter valued at about $25,000. Fourth Dimension Wealth LLC purchased a new stake in Elastic during the fourth quarter worth about $26,000. Venturi Wealth Management LLC lifted its position in shares of Elastic by 793.3% during the fourth quarter. Venturi Wealth Management LLC now owns 268 shares of the company’s stock worth $27,000 after purchasing an additional 238 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Elastic by 126.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 283 shares of the company’s stock valued at $28,000 after purchasing an additional 158 shares during the period. 97.03% of the stock is currently owned by hedge funds and other institutional investors.

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.