Elastic NV (NYSE:ESTC) CRO Aaron Katz sold 25,000 shares of the company’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $83.79, for a total transaction of $2,094,750.00.

Aaron Katz also recently made the following trade(s):

  • On Monday, August 5th, Aaron Katz sold 25,000 shares of Elastic stock. The stock was sold at an average price of $89.68, for a total transaction of $2,242,000.00.

Elastic stock traded up $1.69 during mid-day trading on Wednesday, hitting $85.81. 84,317 shares of the company’s stock were exchanged, compared to its average volume of 1,023,681. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.11. The stock has a market cap of $6.44 billion and a P/E ratio of -47.67. Elastic NV has a 1-year low of $58.55 and a 1-year high of $104.10. The stock has a 50 day moving average of $86.58 and a two-hundred day moving average of $85.13.

Elastic (NYSE:ESTC) last posted its earnings results on Wednesday, August 28th. The company reported ($0.51) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.60) by $0.09. The firm had revenue of $89.70 million for the quarter, compared to the consensus estimate of $83.49 million. Elastic had a negative net margin of 41.18% and a negative return on equity of 44.92%. Elastic’s revenue was up 58.5% compared to the same quarter last year. As a group, research analysts predict that Elastic NV will post -2.07 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the business. Park West Asset Management LLC acquired a new position in Elastic during the second quarter worth $12,692,000. Treasurer of the State of North Carolina increased its position in Elastic by 345.4% during the second quarter. Treasurer of the State of North Carolina now owns 14,978 shares of the company’s stock worth $1,118,000 after buying an additional 11,615 shares during the last quarter. D L Carlson Investment Group Inc. acquired a new position in Elastic during the second quarter worth $1,723,000. Kayne Anderson Rudnick Investment Management LLC increased its position in Elastic by 68.1% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 140,697 shares of the company’s stock worth $10,504,000 after buying an additional 56,991 shares during the last quarter. Finally, Phocas Financial Corp. acquired a new position in Elastic during the second quarter worth $2,195,000. 52.08% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently weighed in on the stock. Stifel Nicolaus upped their price target on shares of Elastic from $85.00 to $100.00 and gave the stock a “hold” rating in a research note on Thursday, August 29th. Zacks Investment Research raised shares of Elastic from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a research note on Wednesday, September 4th. JPMorgan Chase & Co. upped their price target on shares of Elastic from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Royal Bank of Canada upped their price target on shares of Elastic from $112.00 to $117.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Finally, Canaccord Genuity upped their price target on shares of Elastic from $85.00 to $90.00 and gave the stock a “hold” rating in a research note on Thursday, August 29th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $104.00.

Elastic Company Profile

Elastic N.V. develops and delivers technology that enables users to search structured and unstructured data for a range of consumer and enterprise applications. It primarily provides 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.

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

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