Elastic NV (NYSE:ESTC) SVP W.H. Baird Garrett Sells 3,000 Shares

Elastic NV (NYSE:ESTC) SVP W.H. Baird Garrett sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $94.00, for a total value of $282,000.00.

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

  • On Friday, August 16th, W.H. Baird Garrett sold 6,000 shares of Elastic stock. The shares were sold at an average price of $85.27, for a total value of $511,620.00.
  • On Friday, July 19th, W.H. Baird Garrett sold 9,000 shares of Elastic stock. The shares were 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 shares were 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 shares were 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 shares were sold at an average price of $76.40, for a total value of $152,800.00.

Shares of NYSE ESTC opened at $92.05 on Thursday. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.11. Elastic NV has a 1-year low of $58.55 and a 1-year high of $104.10. The business’s 50 day moving average is $87.98 and its 200-day moving average is $85.16.

Elastic (NYSE:ESTC) last announced its earnings results on Wednesday, August 28th. The company reported ($0.51) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.60) by $0.09. The company had revenue of $89.70 million for the quarter, compared to analyst estimates of $83.49 million. Elastic had a negative return on equity of 44.92% and a negative net margin of 41.18%. The company’s revenue for the quarter was up 58.5% on a year-over-year basis. On average, sell-side analysts forecast that Elastic NV will post -2.08 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in ESTC. Bank of Montreal Can bought a new position in shares of Elastic during the first quarter worth approximately $277,000. Rhumbline Advisers increased its stake in Elastic by 20.2% during the 1st quarter. Rhumbline Advisers now owns 7,898 shares of the company’s stock worth $631,000 after acquiring an additional 1,327 shares during the period. Teacher Retirement System of Texas bought a new position in Elastic during the 1st quarter worth $2,805,000. Raymond James & Associates bought a new position in Elastic during the 1st quarter worth $5,611,000. Finally, New York State Common Retirement Fund bought a new position in Elastic during the 1st quarter worth $1,166,000. Institutional investors own 52.10% of the company’s stock.

A number of analysts have recently issued reports on the company. Canaccord Genuity raised their price objective on Elastic from $85.00 to $90.00 and gave the company a “hold” rating in a research report on Thursday, August 29th. JPMorgan Chase & Co. raised their price objective on Elastic from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. Barclays raised their price objective on Elastic from $108.00 to $109.00 and gave the company an “overweight” rating in a research report on Thursday, August 29th. Monness Crespi & Hardt raised their price objective on Elastic from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Finally, Royal Bank of Canada raised their price objective on Elastic from $112.00 to $117.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus 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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