Elastic (NYSE:ESTC – Get Free Report) insider Carolyn Herzog sold 3,334 shares of the firm’s stock in a transaction that occurred on 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. The trade was a 3.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Elastic Price Performance
Shares of ESTC stock opened at $91.49 on Friday. The stock’s fifty day simple moving average is $105.96 and its 200 day simple moving average is $95.10. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.99 and a quick ratio of 1.99. The firm has a market cap of $9.55 billion, a price-to-earnings ratio of 166.35 and a beta of 1.20. Elastic has a one year low of $69.00 and a one year high of $123.96.
Elastic (NYSE:ESTC – Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported ($0.01) 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 expect that Elastic will post -0.77 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Read Our Latest Stock Report on Elastic
Institutional Trading of Elastic
Several institutional investors have recently bought and sold shares of the stock. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Elastic in the 4th quarter valued at $3,558,000. Jefferies Financial Group Inc. bought a new stake in shares of Elastic during the fourth quarter worth $456,000. Infinitum Asset Management LLC bought a new stake in shares of Elastic during the fourth quarter worth $6,936,000. Public Employees Retirement System of Ohio grew its holdings in shares of Elastic by 1.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 29,907 shares of the company’s stock worth $2,963,000 after purchasing an additional 359 shares during the last quarter. Finally, Fourth Dimension Wealth LLC bought a new stake in shares of Elastic during the fourth quarter worth $26,000. Institutional investors and hedge funds own 97.03% of the company’s stock.
About Elastic
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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