Elastic NV (NYSE:ESTC) SVP Kevin Kluge sold 70,000 shares of Elastic stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $84.52, for a total value of $5,916,400.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
NYSE:ESTC traded up $0.61 during trading hours on Monday, reaching $84.99. The company had a trading volume of 1,483,376 shares, compared to its average volume of 437,438. Elastic NV has a 1-year low of $58.55 and a 1-year high of $100.43.
Elastic (NYSE:ESTC) last posted its quarterly earnings data on Wednesday, February 27th. The company reported ($0.16) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.37) by $0.21. The business had revenue of $70.80 million during the quarter, compared to analysts’ expectations of $65.77 million. The business’s revenue was up 69.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Elastic NV will post -1.65 EPS for the current year.
Institutional investors have recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in shares of Elastic in the fourth quarter valued at approximately $5,426,000. Focused Wealth Management Inc purchased a new stake in shares of Elastic during the fourth quarter worth approximately $32,000. Victory Capital Management Inc. purchased a new stake in shares of Elastic during the fourth quarter worth approximately $42,000. Intel Corp purchased a new stake in shares of Elastic during the fourth quarter worth approximately $21,571,000. Finally, AGF Investments Inc. purchased a new stake in shares of Elastic during the fourth quarter worth approximately $7,878,000. Institutional investors and hedge funds own 12.79% of the company’s stock.
A number of brokerages have issued reports on ESTC. Jefferies Financial Group boosted their price target on Elastic to $90.00 and gave the company a “hold” rating in a report on Thursday, February 28th. They noted that the move was a valuation call. Citigroup boosted their price target on Elastic from $82.00 to $97.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Oppenheimer began coverage on Elastic in a report on Wednesday, March 6th. They issued an “outperform” rating and a $110.00 price target for the company. Zacks Investment Research downgraded Elastic from a “buy” rating to a “hold” rating in a report on Tuesday, February 5th. Finally, Barclays boosted their price target on Elastic to $85.00 and gave the company an “overweight” rating in a report on Wednesday, December 5th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Elastic currently has a consensus rating of “Hold” and a consensus target price of $89.10.
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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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