Elastic (NYSE:ESTC – Get Free Report) CEO Ashutosh Kulkarni sold 19,649 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $70.25, for a total transaction of $1,380,342.25. Following the transaction, the chief executive officer now directly owns 432,648 shares of the company’s stock, valued at approximately $30,393,522. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Ashutosh Kulkarni also recently made the following trade(s):
- On Monday, June 24th, Ashutosh Kulkarni sold 9,664 shares of Elastic stock. The stock was sold at an average price of $109.88, for a total value of $1,061,880.32.
Elastic Stock Up 1.4 %
Shares of NYSE:ESTC traded up $1.00 during trading on Tuesday, hitting $72.10. The stock had a trading volume of 1,286,644 shares, compared to its average volume of 1,348,552. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.75. Elastic has a 12 month low of $69.00 and a 12 month high of $136.06. The company has a market capitalization of $7.41 billion, a PE ratio of 136.04 and a beta of 0.95. The firm’s fifty day moving average is $104.14 and its 200 day moving average is $105.50.
Institutional Investors Weigh In On Elastic
Several hedge funds have recently bought and sold shares of ESTC. Advisors Asset Management Inc. boosted its holdings in Elastic by 12.7% in the first quarter. Advisors Asset Management Inc. now owns 1,053 shares of the company’s stock worth $106,000 after acquiring an additional 119 shares in the last quarter. Signaturefd LLC increased its holdings in Elastic by 44.1% in the 2nd quarter. Signaturefd LLC now owns 389 shares of the company’s stock worth $44,000 after buying an additional 119 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Elastic by 8.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,469 shares of the company’s stock worth $278,000 after buying an additional 185 shares during the last quarter. Headlands Technologies LLC lifted its stake in Elastic by 75.4% during the 2nd quarter. Headlands Technologies LLC now owns 628 shares of the company’s stock valued at $72,000 after acquiring an additional 270 shares during the period. Finally, Asset Dedication LLC boosted its holdings in shares of Elastic by 1,333.3% during the 2nd quarter. Asset Dedication LLC now owns 301 shares of the company’s stock valued at $34,000 after acquiring an additional 280 shares during the last quarter. Institutional investors own 97.03% of the company’s stock.
Analyst Ratings Changes
Several research analysts recently weighed in on the stock. Citigroup upped their price objective on shares of Elastic from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Royal Bank of Canada dropped their price target on Elastic from $135.00 to $110.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. Stifel Nicolaus reduced their price objective on Elastic from $120.00 to $98.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Canaccord Genuity Group dropped their target price on Elastic from $125.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, September 3rd. Finally, Jefferies Financial Group decreased their price target on shares of Elastic from $140.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Nine equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $104.45.
Get Our Latest Stock Report on ESTC
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.
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