Elastic NV (NYSE:ESTC) SVP Sells $494,820.00 in Stock

Elastic NV (NYSE:ESTC) SVP W.H. Baird Garrett sold 6,000 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $82.47, for a total value of $494,820.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Monday, April 22nd, W.H. Baird Garrett sold 20,000 shares of Elastic stock. The stock was sold at an average price of $83.29, for a total value of $1,665,800.00.
  • On Friday, March 22nd, W.H. Baird Garrett sold 20,000 shares of Elastic stock. The stock was sold at an average price of $88.40, for a total value of $1,768,000.00.

NYSE ESTC opened at $78.41 on Thursday. Elastic NV has a 1-year low of $58.55 and a 1-year high of $100.43. The company has a market capitalization of $5.85 billion and a P/E ratio of -43.56.

Elastic (NYSE:ESTC) last released its quarterly earnings data on Wednesday, June 5th. The company reported ($0.28) earnings per share for the quarter, beating the consensus estimate of ($0.45) by $0.17. The firm had revenue of $80.60 million during the quarter, compared to analysts’ expectations of $75.79 million. The firm’s quarterly revenue was up 62.5% on a year-over-year basis. As a group, equities analysts predict that Elastic NV will post -2.02 earnings per share for the current fiscal year.

A number of analysts have weighed in on the company. Monness Crespi & Hardt reaffirmed a “buy” rating and set a $125.00 price objective (up from $120.00) on shares of Elastic in a research report on Thursday, June 6th. Bank of America raised their price target on Elastic from $115.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, June 6th. KeyCorp reissued a “buy” rating and issued a $102.00 price target on shares of Elastic in a report on Thursday, April 18th. Jefferies Financial Group raised 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. Finally, FBN Securities initiated coverage on Elastic in a report on Tuesday, April 2nd. They issued an “outperform” rating for the company. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Elastic currently has an average rating of “Hold” and a consensus target price of $93.92.

Institutional investors have recently added to or reduced their stakes in the business. Tyers Asset Management LLC purchased a new stake in shares of Elastic in the first quarter valued at $25,000. Coastal Investment Advisors Inc. purchased a new stake in shares of Elastic in the first quarter valued at $26,000. Focused Wealth Management Inc purchased a new stake in shares of Elastic in the fourth quarter valued at $32,000. Pearl River Capital LLC purchased a new stake in shares of Elastic in the first quarter valued at $32,000. Finally, Neuburgh Advisers LLC purchased a new stake in shares of Elastic in the first quarter valued at $38,000. 46.54% of the stock is owned by institutional investors.

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About Elastic

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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