New York State Common Retirement Fund Purchases 29,408 Shares of Elastic (NYSE:ESTC)

New York State Common Retirement Fund grew its position in Elastic (NYSE:ESTC) by 20.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 172,707 shares of the company’s stock after purchasing an additional 29,408 shares during the period. New York State Common Retirement Fund owned approximately 0.17% of Elastic worth $17,112,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Geneos Wealth Management Inc. acquired a new stake in shares of Elastic in the fourth quarter valued at about $25,000. Venturi Wealth Management LLC increased its position in shares of Elastic by 793.3% in the fourth quarter. Venturi Wealth Management LLC now owns 268 shares of the company’s stock valued at $27,000 after acquiring an additional 238 shares during the last quarter. Eastern Bank acquired a new stake in shares of Elastic in the third quarter valued at about $61,000. FNY Investment Advisers LLC increased its position in shares of Elastic by 87.3% in the fourth quarter. FNY Investment Advisers LLC now owns 749 shares of the company’s stock valued at $74,000 after acquiring an additional 349 shares during the last quarter. Finally, Blue Trust Inc. increased its position in shares of Elastic by 21.2% in the third quarter. Blue Trust Inc. now owns 2,582 shares of the company’s stock valued at $198,000 after acquiring an additional 452 shares during the last quarter. 97.03% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ESTC. Stifel Nicolaus lifted their target price on Elastic from $98.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Canaccord Genuity Group boosted their price target on Elastic from $110.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Robert W. Baird raised Elastic from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $95.00 to $135.00 in a research report on Friday, November 22nd. Barclays boosted their price target on Elastic from $105.00 to $138.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. Finally, DA Davidson boosted their price target on Elastic from $75.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Seven research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Elastic presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.35.

Elastic Trading Down 3.0 %

Shares of ESTC stock opened at $106.30 on Friday. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.70. The stock has a market cap of $11.02 billion, a P/E ratio of 193.27 and a beta of 1.07. The stock has a 50 day simple moving average of $105.99 and a 200 day simple moving average of $95.46. Elastic has a 1 year low of $69.00 and a 1 year high of $136.06.

Insider Activity at Elastic

In other Elastic news, CEO Ashutosh Kulkarni sold 7,017 shares of the company’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $108.12, for a total transaction of $758,678.04. Following the completion of the sale, the chief executive officer now directly owns 395,326 shares in the company, valued at $42,742,647.12. This represents a 1.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Carolyn Herzog sold 11,145 shares of the company’s 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 sale, the insider now owns 92,011 shares of the company’s stock, valued at $10,244,504.74. The trade was a 10.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 168,162 shares of company stock worth $18,637,562. Company insiders own 15.90% of the company’s stock.

Elastic 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.