Insider Selling: Elastic (NYSE:ESTC) CFO Sells 10,011 Shares of Stock

Elastic (NYSE:ESTCGet Free Report) CFO Janesh Moorjani sold 10,011 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $109.90, for a total transaction of $1,100,208.90. Following the completion of the transaction, the chief financial officer now owns 202,491 shares of the company’s stock, valued at $22,253,760.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Elastic Trading Down 1.8 %

ESTC stock opened at $112.55 on Friday. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.80. Elastic has a twelve month low of $57.38 and a twelve month high of $136.06. The stock has a market capitalization of $11.35 billion, a price-to-earnings ratio of 216.77 and a beta of 0.92. The firm’s fifty day simple moving average is $104.04 and its two-hundred day simple moving average is $109.66.

Analysts Set New Price Targets

A number of equities analysts have weighed in on ESTC shares. Oppenheimer upped their price target on shares of Elastic from $110.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Robert W. Baird lowered their target price on shares of Elastic from $137.00 to $135.00 and set an “outperform” rating on the stock in a report on Tuesday, May 28th. Needham & Company LLC reissued a “hold” rating on shares of Elastic in a report on Friday, May 31st. Citigroup boosted their target price on shares of Elastic from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, June 3rd. Finally, The Goldman Sachs Group boosted their target price on shares of Elastic from $93.00 to $106.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Seven research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $118.05.

Get Our Latest Stock Analysis on Elastic

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ESTC. Victory Capital Management Inc. increased its position in Elastic by 5.9% during the third quarter. Victory Capital Management Inc. now owns 8,761 shares of the company’s stock valued at $712,000 after acquiring an additional 490 shares during the last quarter. Barclays PLC grew its holdings in shares of Elastic by 4.7% in the third quarter. Barclays PLC now owns 20,153 shares of the company’s stock worth $1,636,000 after purchasing an additional 904 shares during the last quarter. Swiss National Bank grew its holdings in shares of Elastic by 1.9% in the third quarter. Swiss National Bank now owns 171,300 shares of the company’s stock worth $13,916,000 after purchasing an additional 3,200 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Elastic by 3.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 485,270 shares of the company’s stock worth $39,423,000 after purchasing an additional 17,287 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in shares of Elastic by 46.0% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 4,880 shares of the company’s stock worth $396,000 after purchasing an additional 1,538 shares during the last quarter. Institutional investors own 97.03% of the company’s stock.

About Elastic

(Get Free Report)

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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Insider Buying and Selling by Quarter for Elastic (NYSE:ESTC)

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