Y.D. More Investments Ltd Has $2.93 Million Stake in Elastic (NYSE:ESTC)

Y.D. More Investments Ltd grew its holdings in Elastic (NYSE:ESTC) by 9.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,597 shares of the company’s stock after purchasing an additional 2,660 shares during the period. Y.D. More Investments Ltd’s holdings in Elastic were worth $2,932,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ESTC. Slow Capital Inc. acquired a new position in Elastic in the 4th quarter worth about $5,039,000. Wealth Effects LLC raised its position in Elastic by 25.4% during the fourth quarter. Wealth Effects LLC now owns 28,800 shares of the company’s stock valued at $2,854,000 after acquiring an additional 5,830 shares in the last quarter. Blueshift Asset Management LLC acquired a new stake in Elastic in the third quarter valued at approximately $585,000. Charles Schwab Investment Management Inc. grew its position in Elastic by 2.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 545,870 shares of the company’s stock worth $41,901,000 after acquiring an additional 14,590 shares in the last quarter. Finally, Bangor Savings Bank acquired a new position in shares of Elastic during the 4th quarter worth $1,657,000. 97.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ESTC has been the subject of several analyst reports. The Goldman Sachs Group lifted their price objective on shares of Elastic from $99.00 to $113.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. Guggenheim boosted their target price on Elastic from $100.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Bank of America increased their price target on Elastic from $94.00 to $120.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. Barclays lifted their target price on shares of Elastic from $105.00 to $138.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. Finally, Robert W. Baird raised Elastic from a “neutral” rating to an “outperform” rating and raised their price target for the company from $95.00 to $135.00 in a research report on Friday, November 22nd. Seven analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Elastic has a consensus rating of “Moderate Buy” and an average target price of $125.35.

Elastic Trading Up 3.6 %

ESTC opened at $115.49 on Wednesday. Elastic has a fifty-two week low of $69.00 and a fifty-two week high of $136.06. The company has a market cap of $11.97 billion, a price-to-earnings ratio of 209.98 and a beta of 1.07. 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 firm has a 50 day simple moving average of $104.92 and a 200 day simple moving average of $94.93.

Insider Buying and Selling at Elastic

In other news, CTO Shay Banon sold 150,000 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $110.92, for a total transaction of $16,638,000.00. Following the completion of the transaction, the chief technology officer now directly owns 2,604,978 shares in the company, valued at approximately $288,944,159.76. The trade was a 5.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Carolyn Herzog sold 11,145 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $111.34, for a total value of $1,240,884.30. Following the completion of the sale, the insider now directly owns 92,011 shares of the company’s stock, valued at approximately $10,244,504.74. This trade represents a 10.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 168,162 shares of company stock worth $18,637,562. Insiders own 15.90% of the company’s stock.

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.