2,061 Shares in Elastic (NYSE:ESTC) Bought by Aigen Investment Management LP

Aigen Investment Management LP purchased a new position in shares of Elastic (NYSE:ESTC) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 2,061 shares of the company’s stock, valued at approximately $204,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. SBI Securities Co. Ltd. acquired a new stake in Elastic during the fourth quarter valued at approximately $25,000. Geneos Wealth Management Inc. bought a new position in shares of Elastic during the 4th quarter worth approximately $25,000. Venturi Wealth Management LLC boosted its stake in Elastic by 793.3% in the 4th quarter. Venturi Wealth Management LLC now owns 268 shares of the company’s stock valued at $27,000 after buying an additional 238 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Elastic by 126.4% in 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 in the last quarter. Finally, Global Retirement Partners LLC grew its position in Elastic by 1,065.2% in the fourth quarter. Global Retirement Partners LLC now owns 536 shares of the company’s stock valued at $53,000 after acquiring an additional 490 shares during the period. Institutional investors own 97.03% of the company’s stock.

Insider Activity at Elastic

In other Elastic news, CTO Shay Banon sold 140,129 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $106.68, for a total value of $14,948,961.72. Following the sale, the chief technology officer now owns 2,254,978 shares in the company, valued at $240,561,053.04. This trade represents a 5.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Ashutosh Kulkarni sold 7,017 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $108.12, for a total transaction of $758,678.04. Following the sale, the chief executive officer now directly owns 395,326 shares in the company, valued at approximately $42,742,647.12. The trade was a 1.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 172,814 shares of company stock valued at $18,596,060 over the last ninety days. 15.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

ESTC has been the subject of several analyst reports. Wells Fargo & Company lifted their price target on shares of Elastic from $135.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Scotiabank boosted their target price on Elastic from $127.00 to $140.00 and gave the stock a “sector outperform” rating in a report on Friday, February 28th. Jefferies Financial Group increased their price target on Elastic from $110.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Stifel Nicolaus lifted their price objective on Elastic from $98.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Finally, DA Davidson increased their target price on Elastic from $75.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Seven 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 stock. According to MarketBeat.com, Elastic currently has an average rating of “Moderate Buy” and an average price target of $131.52.

Elastic Price Performance

Shares of NYSE:ESTC opened at $94.94 on Monday. The firm has a 50 day moving average of $106.19 and a 200-day moving average of $95.24. Elastic has a 12 month low of $69.00 and a 12 month high of $123.96. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $9.84 billion, a PE ratio of 172.61 and a beta of 1.20.

Elastic (NYSE:ESTC) last released its earnings results on Thursday, February 27th. The company reported ($0.01) earnings per share 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 business had revenue of $382.08 million for the quarter, compared to the consensus estimate of $368.85 million. On average, equities research analysts predict that Elastic will post -0.77 EPS for the current fiscal year.

Elastic 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.