Elastic (NYSE:ESTC) Director Paul R. Auvil III Buys 20,000 Shares

Elastic (NYSE:ESTC) Director Paul R. Auvil III acquired 20,000 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was bought at an average price of $74.25 per share, for a total transaction of $1,485,000.00. Following the completion of the purchase, the director now owns 22,627 shares in the company, valued at approximately $1,680,054.75. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Elastic Stock Performance

ESTC stock opened at $72.53 on Friday. The business’s fifty day moving average is $106.75 and its 200-day moving average is $106.96. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.77. The company has a market cap of $7.38 billion, a P/E ratio of 136.85 and a beta of 0.94. Elastic has a twelve month low of $69.66 and a twelve month high of $136.06.

Elastic (NYSE:ESTC) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.10. Elastic had a net margin of 4.62% and a negative return on equity of 18.41%. The business had revenue of $347.42 million during the quarter, compared to analysts’ expectations of $344.67 million. During the same quarter in the prior year, the company earned ($0.35) EPS. The firm’s quarterly revenue was up 18.3% on a year-over-year basis. Equities research analysts forecast that Elastic will post -1.12 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group lowered their price objective on Elastic from $140.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. JPMorgan Chase & Co. reduced their target price on Elastic from $138.00 to $125.00 and set an “overweight” rating on the stock in a report on Friday, May 24th. Stifel Nicolaus reduced their target price on Elastic from $120.00 to $98.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Oppenheimer reduced their target price on Elastic from $150.00 to $125.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Finally, Baird R W downgraded Elastic from a “strong-buy” rating to a “hold” rating in a report on Friday, August 30th. Nine equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Elastic presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.45.

Institutional Trading of Elastic

A number of large investors have recently made changes to their positions in the company. Baillie Gifford & Co. increased its position in shares of Elastic by 30.8% in the 1st quarter. Baillie Gifford & Co. now owns 10,156,726 shares of the company’s stock valued at $1,018,110,000 after buying an additional 2,392,356 shares in the last quarter. Vanguard Group Inc. increased its holdings in Elastic by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 8,613,723 shares of the company’s stock worth $863,440,000 after purchasing an additional 44,597 shares in the last quarter. 1832 Asset Management L.P. bought a new position in Elastic during the 2nd quarter worth about $248,335,000. Optimus Prime Fund Management Co. Ltd. increased its holdings in Elastic by 5.2% during the 4th quarter. Optimus Prime Fund Management Co. Ltd. now owns 1,004,000 shares of the company’s stock worth $113,151,000 after purchasing an additional 50,000 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in Elastic during the 2nd quarter worth about $102,169,000. Institutional investors own 97.03% of the company’s stock.

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.