Xponance Inc. increased its position in shares of Elastic (NYSE:ESTC – Get Rating) by 3.9% during the 1st quarter, according to its latest 13F filing with the Securities and Exchange Commission (SEC). The institutional investor held 8,592 shares of the company after acquiring an additional 323 shares during the period. Xponance Inc.’s holdings in Elastic were worth $764,000 when it last filed with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently changed their stakes in the company. WINTON GROUP Ltd purchased a new stake in Elastic during Q4, valued at $237,000. Oppenheimer Asset Management Inc. increased its stake in Elastic by 3.0% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 9,885 shares of the company worth $1,217,000 after purchasing an additional 284 shares during the period. Sigma Planning Corp increased its stake in Elastic by 3.9% in the fourth quarter. Sigma Planning Corp now owns 4,033 shares of the company worth $496,000 after purchasing an additional 150 shares during the period. Eagle Asset Management Inc. increased its stake in Elastic by 0.6% in the fourth quarter. Eagle Asset Management Inc. now owns 870,719 shares of the company worth $108,648,000 after purchasing an additional 5,064 shares during the period. Finally, Bluefin Capital Management LLC increased its stake in Elastic by 185.4% in the fourth quarter. Bluefin Capital Management LLC now owns 41,574 shares of the company worth $5,117,000 after purchasing an additional 27,005 shares during the period. 77.44% of the shares are currently held by institutional investors and hedge funds.

ESTC stock opened at $75.49 on Thursday. The company’s fifty-day simple moving average is $67.17 and its 200-day simple moving average is $83.73. The company has a market capitalization of $7.16 billion, a P/E ratio of -34.31 and a beta of 1.11. The company has a debt ratio of 1.36, a current ratio of 1.96 and a quick ratio of 1.96. Elastic has a 12-month low of $50.74 and a 12-month high of $189.84.

Elastic (NYSE:ESTC – Get Rating) last released its quarterly earnings data on Wednesday, June 1. The company reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.22) by $0.06. The company posted revenue of $239.36 million for the quarter, versus a consensus estimate of $232.38 million. Elastic had a negative net margin of 23.64% and a negative return on equity of 39.42%. The company’s revenue for the quarter increased 34.8% year over year. During the same period of the previous year, the company achieved EPS of ($0.44). As a group, sell-side analysts expect Elastic to post -1.92 earnings per share for the current year.

A number of analysts have weighed in on the company. William Blair assumed cover for Elastic in a research note on Monday, April 25. They issued an “outperformance” rating on the stock. Truist Financial lowered its price target on Elastic from $135.00 to $110.00 in a Tuesday, May 10 research report. Royal Bank of Canada lowered its price target on Elastic from $133.00 to $110.00 in a Tuesday, May 31 research report. Barclays lowered its price target on Elastic from $135.00 to $80.00 and set an “overweight” rating on the stock in a Friday May 20 research report. Finally, Jefferies Financial Group lowered its price target on Elastic from $90.00 to $60.00 in a Monday, May 23 research report. Three research analysts gave the stock a hold rating and twelve gave the stock a buy rating. According to data from MarketBeat.com, the stock has a consensus rating of “moderate buy” and a consensus target price of $126.15.

Separately, CFO Janesh Moorjani sold 2,663 shares in a trade on Thursday, June 9. The shares were sold at an average price of $75.82, for a total transaction of $201,908.66. Following the sale, the CFO now directly owns 78,924 shares of the company, valued at $5,984,017.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this link. Additionally, CEO Ashutosh Kulkarni sold 3,690 shares in a trade on Thursday, June 9. The stock was sold at an average price of $75.82, for a total transaction of $279,775.80. Following the sale, the CEO now directly owns 133,622 shares of the company, valued at $10,131,220.04. The disclosure of this sale can be found here. Insiders have sold 12,603 ​​shares of the company worth $995,997 over the past three months. 18.90% of the shares are currently held by insiders.

Elastic profile (Get a rating)

Elastic NV, a search company, provides technology that allows users to search structured and unstructured data for a range of consumer and enterprise applications. It primarily offers Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as search, analysis, and visualization.

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Want to see which other hedge funds hold ESTCs? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Elastic (NYSE:ESTC – Get Rating).

Institutional ownership by quarter for Elastic (NYSE: ESTC)



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