Eastern Bank bought a new position in shares of Elastic (NYSE:ESTC – Free Report) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 800 shares of the company’s stock, valued at approximately $61,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Advisors Asset Management Inc. grew its holdings in Elastic by 12.7% during the first quarter. Advisors Asset Management Inc. now owns 1,053 shares of the company’s stock worth $106,000 after acquiring an additional 119 shares during the period. Signaturefd LLC grew its holdings in Elastic by 44.1% in the second quarter. Signaturefd LLC now owns 389 shares of the company’s stock valued at $44,000 after purchasing an additional 119 shares during the period. PNC Financial Services Group Inc. grew its holdings in Elastic by 8.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,469 shares of the company’s stock valued at $278,000 after purchasing an additional 185 shares during the period. Headlands Technologies LLC grew its holdings in Elastic by 75.4% in the second quarter. Headlands Technologies LLC now owns 628 shares of the company’s stock valued at $72,000 after purchasing an additional 270 shares during the period. Finally, Asset Dedication LLC grew its holdings in Elastic by 1,333.3% in the second quarter. Asset Dedication LLC now owns 301 shares of the company’s stock valued at $34,000 after purchasing an additional 280 shares during the period. 97.03% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other news, CTO Shay Banon sold 2,666 shares of Elastic stock in a transaction on Monday, September 9th. The stock was sold at an average price of $70.25, for a total value of $187,286.50. Following the completion of the sale, the chief technology officer now directly owns 4,543,190 shares of the company’s stock, valued at approximately $319,159,097.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CTO Shay Banon sold 2,666 shares of Elastic stock in a transaction on Monday, September 9th. The stock was sold at an average price of $70.25, for a total value of $187,286.50. Following the completion of the sale, the chief technology officer now directly owns 4,543,190 shares of the company’s stock, valued at approximately $319,159,097.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Paul R. Auvil III bought 20,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were bought at an average cost of $74.25 per share, with a total value of $1,485,000.00. Following the completion of the purchase, the director now directly owns 22,627 shares in the company, valued at $1,680,054.75. This represents a 700.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 37,406 shares of company stock valued at $2,627,772. 18.10% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
View Our Latest Report on Elastic
Elastic Price Performance
NYSE:ESTC opened at $79.35 on Friday. Elastic has a 52 week low of $69.00 and a 52 week high of $136.06. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $8.07 billion, a P/E ratio of 149.72 and a beta of 0.94. The stock’s fifty day moving average is $82.52 and its two-hundred day moving average is $99.01.
Elastic (NYSE:ESTC – Get Free Report) last posted its earnings results on Thursday, August 29th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.10. Elastic had a negative return on equity of 17.54% and a net margin of 4.62%. The company had revenue of $347.42 million for the quarter, compared to the consensus estimate of $344.67 million. During the same quarter in the previous year, the business earned ($0.35) earnings per share. The company’s revenue for the quarter was up 18.3% on a year-over-year basis. Equities analysts expect that Elastic will post -0.91 EPS for the current year.
About Elastic
Elastic N.V., a data analytics company, delivers solutions designed to run in public or private clouds in multi-cloud environments. It primarily offers 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 on that data.
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