Elastic (NYSE:ESTC) Shares Bought by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. raised its position in Elastic (NYSE:ESTC) by 143.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,123 shares of the company’s stock after purchasing an additional 5,972 shares during the quarter. Lecap Asset Management Ltd.’s holdings in Elastic were worth $777,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in ESTC. Baillie Gifford & Co. increased its stake in shares of Elastic by 30.8% during the first quarter. Baillie Gifford & Co. now owns 10,156,726 shares of the company’s stock valued at $1,018,110,000 after acquiring an additional 2,392,356 shares during the period. 1832 Asset Management L.P. acquired a new position in shares of Elastic during the second quarter valued at approximately $248,335,000. Assenagon Asset Management S.A. acquired a new position in shares of Elastic during the second quarter valued at approximately $102,169,000. Federated Hermes Inc. increased its stake in shares of Elastic by 32,630.2% during the second quarter. Federated Hermes Inc. now owns 615,655 shares of the company’s stock valued at $70,129,000 after acquiring an additional 613,774 shares during the period. Finally, Neumann Advisory Hong Kong Ltd acquired a new position in shares of Elastic during the third quarter valued at approximately $12,078,000. Institutional investors and hedge funds own 97.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on ESTC shares. Needham & Company LLC restated a “hold” rating on shares of Elastic in a report on Tuesday, October 8th. Citigroup raised their target price on shares of Elastic from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Wells Fargo & Company reduced their target price on shares of Elastic from $145.00 to $100.00 and set an “overweight” rating for the company in a report on Friday, August 30th. DA Davidson reduced their target price on shares of Elastic from $100.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, August 30th. Finally, William Blair upgraded shares of Elastic from a “market perform” rating to an “outperform” rating in a report on Monday, October 14th. Eight analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Elastic presently has an average rating of “Moderate Buy” and an average target price of $103.71.

Insider Activity

In other news, CFO Janesh Moorjani sold 6,941 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $70.25, for a total transaction of $487,605.25. Following the transaction, the chief financial officer now owns 195,550 shares in the company, valued at approximately $13,737,387.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Janesh Moorjani sold 6,941 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $70.25, for a total transaction of $487,605.25. Following the transaction, the chief financial officer now owns 195,550 shares in the company, valued at approximately $13,737,387.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul R. Auvil III purchased 20,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were acquired at an average price of $74.25 per share, for a total transaction of $1,485,000.00. Following the acquisition, 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 position. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 37,406 shares of company stock worth $2,627,772. 18.10% of the stock is owned by corporate insiders.

Elastic Stock Up 1.0 %

ESTC stock opened at $78.40 on Friday. Elastic has a 12-month low of $69.00 and a 12-month 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 cap of $7.97 billion, a price-to-earnings ratio of 147.92 and a beta of 0.94. The company has a 50 day moving average of $83.11 and a two-hundred day moving average of $99.15.

Elastic (NYSE:ESTC) last released its earnings results on Thursday, August 29th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.10. The company had revenue of $347.42 million during the quarter, compared to the consensus estimate of $344.67 million. Elastic had a net margin of 4.62% and a negative return on equity of 17.54%. The company’s revenue was up 18.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.35) EPS. On average, equities analysts anticipate that Elastic will post -0.91 earnings per share for the current fiscal year.

Elastic Profile

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.