B. Riley Wealth Management Inc. purchased a new position in shares of Elastic NV (NYSE:ESTC) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 3,770 shares of the company’s stock, valued at approximately $301,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Rhumbline Advisers bought a new position in Elastic during the fourth quarter valued at approximately $470,000. Victory Capital Management Inc. bought a new position in Elastic during the fourth quarter valued at approximately $42,000. Toronto Dominion Bank bought a new position in Elastic during the fourth quarter valued at approximately $1,509,000. PNC Financial Services Group Inc. bought a new position in Elastic during the fourth quarter valued at approximately $100,000. Finally, BlackRock Inc. bought a new position in Elastic during the fourth quarter valued at approximately $30,062,000. Hedge funds and other institutional investors own 41.66% of the company’s stock.
In related news, SVP Kevin Kluge sold 25,000 shares of Elastic stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $75.09, for a total value of $1,877,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michelangelo Volpi sold 658,540 shares of Elastic stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $81.42, for a total value of $53,618,326.80. The disclosure for this sale can be found here. Insiders sold a total of 1,523,440 shares of company stock valued at $121,369,434 over the last quarter. 51.80% of the stock is owned by corporate insiders.
A number of analysts have recently weighed in on the company. Zacks Investment Research lowered ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday. Monness Crespi & Hardt reissued a “buy” rating and set a $185.00 price objective (up previously from $150.00) on shares of Mongodb in a research note on Thursday, June 6th. KeyCorp dropped their price objective on PolyOne from $36.00 to $34.00 and set an “overweight” rating for the company in a research note on Thursday, April 18th. FBN Securities assumed coverage on Elastic in a research note on Tuesday, April 2nd. They set an “outperform” rating for the company. Finally, Bank of America set a $20.00 price target on Fiat Chrysler Automobiles and gave the stock a “hold” rating in a research note on Thursday, June 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $93.92.
ESTC traded up $4.99 during trading on Thursday, reaching $89.16. The stock had a trading volume of 1,974,932 shares, compared to its average volume of 835,398. The firm’s 50 day simple moving average is $78.79. The company has a market capitalization of $5.91 billion and a P/E ratio of -49.53. Elastic NV has a one year low of $58.55 and a one year high of $100.43.
Elastic (NYSE:ESTC) last issued its quarterly earnings results 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 company had revenue of $80.60 million for the quarter, compared to the consensus estimate of $75.79 million. The business’s revenue was up 62.5% compared to the same quarter last year. On average, equities research analysts predict that Elastic NV will post -2.17 EPS for the current fiscal year.
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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