Elastic NV (NYSE:ESTC) SVP Sells $511,620.00 in Stock

Elastic NV (NYSE:ESTC) SVP W.H. Baird Garrett sold 6,000 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $85.27, for a total value of $511,620.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

W.H. Baird Garrett also recently made the following trade(s):

  • On Friday, July 19th, W.H. Baird Garrett sold 9,000 shares of Elastic stock. The stock was sold at an average price of $99.04, for a total value of $891,360.00.
  • On Monday, July 15th, W.H. Baird Garrett sold 6,000 shares of Elastic stock. The stock was sold at an average price of $94.00, for a total value of $564,000.00.
  • On Tuesday, July 9th, W.H. Baird Garrett sold 4,000 shares of Elastic stock. The stock was sold at an average price of $79.00, for a total value of $316,000.00.
  • On Friday, June 21st, W.H. Baird Garrett sold 2,000 shares of Elastic stock. The stock was sold at an average price of $76.40, for a total value of $152,800.00.

ESTC opened at $84.07 on Thursday. The stock has a fifty day moving average of $90.51 and a 200-day moving average of $85.64. The firm has a market capitalization of $6.18 billion and a P/E ratio of -46.71. Elastic NV has a 12-month low of $58.55 and a 12-month high of $104.10.

Elastic (NYSE:ESTC) last released its earnings results on Wednesday, June 5th. The company reported ($0.28) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.45) by $0.17. The business had revenue of $80.60 million during the quarter, compared to analysts’ expectations of $75.79 million. The business’s quarterly revenue was up 62.5% compared to the same quarter last year. On average, equities analysts expect that Elastic NV will post -2.17 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pearl River Capital LLC purchased a new stake in shares of Elastic in the first quarter valued at $32,000. US Bancorp DE purchased a new stake in shares of Elastic during the second quarter worth $37,000. Machina Capital S.A.S. purchased a new stake in shares of Elastic during the second quarter worth $52,000. Botty Investors LLC purchased a new stake in shares of Elastic during the first quarter worth $66,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Elastic during the second quarter worth $82,000. Institutional investors own 49.06% of the company’s stock.

Several research firms have recently weighed in on ESTC. Stifel Nicolaus began coverage on Elastic in a research note on Monday, May 13th. They set a “hold” rating and a $75.00 price objective for the company. Royal Bank of Canada raised Elastic from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $94.00 to $112.00 in a research note on Wednesday, August 14th. Monness Crespi & Hardt reissued a “buy” rating and set a $125.00 price objective (up from $120.00) on shares of Elastic in a research note on Thursday, June 6th. Bank of America raised their price objective on Elastic from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th. Finally, Zacks Investment Research raised Elastic from a “sell” rating to a “hold” rating in a research note on Monday, August 5th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $97.33.

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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