Elastic (NYSE:ESTC) Insider Carolyn Herzog Sells 3,334 Shares

Elastic (NYSE:ESTC) 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) 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

A number of research analysts recently weighed in on the company. Morgan Stanley raised their price objective on Elastic from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. JPMorgan Chase & Co. lifted 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. Wedbush downgraded Elastic from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. DA Davidson lifted their price target on Elastic from $75.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Finally, Robert W. Baird lifted their price target on Elastic from $135.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, February 28th. Seven analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Elastic presently has an average rating of “Moderate Buy” and a consensus target price of $131.52.

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.