Oddo BHF Asset Management Sas Purchases Shares of 186,608 Elastic (NYSE:ESTC)

Oddo BHF Asset Management Sas purchased a new position in shares of Elastic (NYSE:ESTC) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 186,608 shares of the company’s stock, valued at approximately $14,324,000.

A number of other institutional investors also recently modified their holdings of ESTC. Blueshift Asset Management LLC acquired a new stake in Elastic in the third quarter valued at approximately $585,000. Charles Schwab Investment Management Inc. boosted its stake in Elastic by 2.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 545,870 shares of the company’s stock valued at $41,901,000 after purchasing an additional 14,590 shares during the last quarter. Fifth Third Wealth Advisors LLC purchased a new position in shares of Elastic during the third quarter valued at approximately $1,262,000. WD Rutherford LLC purchased a new stake in shares of Elastic in the second quarter valued at about $422,000. Finally, Daventry Group LP increased its position in shares of Elastic by 8.6% during the second quarter. Daventry Group LP now owns 316,975 shares of the company’s stock valued at $36,107,000 after acquiring an additional 25,008 shares during the last quarter. 97.03% of the stock is owned by institutional investors.

Insider Activity

In other Elastic news, CTO Shay Banon sold 150,000 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $110.92, for a total value of $16,638,000.00. Following the completion of the sale, the chief technology officer now directly owns 2,604,978 shares in the company, valued at approximately $288,944,159.76. This represents a 5.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Carolyn Herzog sold 11,145 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $111.34, for a total value of $1,240,884.30. Following the transaction, the insider now directly owns 92,011 shares in the company, valued at $10,244,504.74. The trade was a 10.80 % decrease in their position. The disclosure for this sale can be found here. Insiders own 15.90% of the company’s stock.

Analysts Set New Price Targets

ESTC has been the topic of a number of research analyst reports. Barclays raised their price target on Elastic from $105.00 to $138.00 and gave the company an “overweight” rating in a report on Monday, November 25th. Robert W. Baird raised Elastic from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $95.00 to $135.00 in a research note on Friday, November 22nd. Wells Fargo & Company upped their target price on Elastic from $100.00 to $135.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Baird R W upgraded shares of Elastic from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. Finally, Stifel Nicolaus increased their target price on Elastic from $98.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Five equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $126.33.

Elastic Stock Performance

NYSE ESTC opened at $107.26 on Friday. The company has a market cap of $11.12 billion, a P/E ratio of 195.02 and a beta of 1.02. The business’s 50 day moving average price is $91.22 and its 200-day moving average price is $97.28. Elastic has a fifty-two week low of $69.00 and a fifty-two week high of $136.06. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.99 and a current ratio of 1.99.

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.