Elastic (NYSE:ESTC – Get Free Report) insider Carolyn Herzog sold 3,334 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $90.78, for a total transaction of $302,660.52. Following the sale, the insider now directly owns 84,152 shares in the company, valued at $7,639,318.56. This trade represents a 3.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Elastic Price Performance
ESTC opened at $95.00 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.99 and a quick ratio of 1.99. The stock’s 50 day simple moving average is $105.80 and its 200 day simple moving average is $95.07. The firm has a market cap of $9.92 billion, a price-to-earnings ratio of 172.73 and a beta of 1.20. Elastic has a 1 year low of $69.00 and a 1 year high of $123.96.
Elastic (NYSE:ESTC – Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.48). Elastic had a negative return on equity of 13.20% and a net margin of 4.39%. The firm had revenue of $382.08 million during the quarter, compared to the consensus estimate of $368.85 million. As a group, analysts predict that Elastic will post -0.77 earnings per share for the current year.
Hedge Funds Weigh In On Elastic
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on ESTC. Oppenheimer upped their price target on shares of Elastic from $125.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Stifel Nicolaus upped their target price on Elastic from $98.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Wedbush downgraded Elastic from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Scotiabank restated an “outperform” rating on shares of Elastic in a research report on Friday, February 28th. Finally, Wells Fargo & Company raised their target price on shares of Elastic from $135.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Seven research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $131.52.
Check Out Our Latest Report on Elastic
Elastic Company 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.
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