Lbp Am Sa Purchases 98,679 Shares of Elastic (NYSE:ESTC)

Lbp Am Sa increased its position in Elastic (NYSE:ESTC) by 181.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 153,084 shares of the company’s stock after buying an additional 98,679 shares during the quarter. Lbp Am Sa owned 0.15% of Elastic worth $15,168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of ESTC. FMR LLC increased its stake in Elastic by 25.6% in the 3rd quarter. FMR LLC now owns 5,475,297 shares of the company’s stock worth $420,284,000 after purchasing an additional 1,115,750 shares during the period. Atreides Management LP increased its stake in Elastic by 57.2% in the 3rd quarter. Atreides Management LP now owns 1,687,791 shares of the company’s stock worth $129,555,000 after purchasing an additional 614,309 shares during the period. State Street Corp increased its stake in Elastic by 2.3% in the 3rd quarter. State Street Corp now owns 1,437,243 shares of the company’s stock worth $110,323,000 after purchasing an additional 31,663 shares during the period. Geode Capital Management LLC increased its stake in Elastic by 3.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,394,336 shares of the company’s stock worth $107,058,000 after purchasing an additional 50,355 shares during the period. Finally, Amundi increased its stake in shares of Elastic by 27.4% during the fourth quarter. Amundi now owns 832,470 shares of the company’s stock valued at $81,615,000 after buying an additional 179,054 shares during the period. Institutional investors own 97.03% of the company’s stock.

Elastic Trading Down 7.2 %

Elastic stock opened at $91.49 on Friday. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.70. The business’s fifty day simple moving average is $105.96 and its two-hundred day simple moving average is $95.10. Elastic has a 12 month low of $69.00 and a 12 month high of $123.96. The company has a market capitalization of $9.55 billion, a price-to-earnings ratio of 166.35 and a beta of 1.20.

Elastic (NYSE:ESTC) last announced its quarterly earnings results on Thursday, February 27th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.48). The business had revenue of $382.08 million for the quarter, compared to the consensus estimate of $368.85 million. Elastic had a net margin of 4.39% and a negative return on equity of 13.20%. As a group, equities analysts predict that Elastic will post -0.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on ESTC. Scotiabank reissued an “outperform” rating on shares of Elastic in a research note on Friday, February 28th. Cantor Fitzgerald began coverage on Elastic in a research note on Friday, January 17th. They set a “neutral” rating and a $108.00 target price on the stock. Canaccord Genuity Group boosted their target price on Elastic from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, February 28th. The Goldman Sachs Group boosted their target price on Elastic from $99.00 to $113.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. Finally, Rosenblatt Securities reissued a “buy” rating and set a $130.00 target price on shares of Elastic in a research note on Tuesday, February 25th. Seven analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $131.52.

Insider Activity

In other Elastic news, CEO Ashutosh Kulkarni sold 7,017 shares of the stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $108.12, for a total value of $758,678.04. Following the transaction, the chief executive officer now owns 395,326 shares of the company’s stock, valued at approximately $42,742,647.12. This represents a 1.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Shay Banon sold 140,129 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $106.68, for a total value of $14,948,961.72. Following the completion of the transaction, the chief technology officer now directly owns 2,254,978 shares in the company, valued at approximately $240,561,053.04. This represents a 5.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 200,321 shares of company stock valued at $21,092,930 over the last ninety days. 15.90% of the stock is currently owned by corporate insiders.

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.