Elastic N.V. (NYSE:ESTC) CRO Mark Eugene Dodds Sells 2,500 Shares

Elastic N.V. (NYSE:ESTC) CRO Mark Eugene Dodds sold 2,500 shares of Elastic stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $83.50, for a total value of $208,750.00. Following the completion of the transaction, the executive now directly owns 172,321 shares of the company’s stock, valued at approximately $14,388,803.50. This represents a 1.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Mark Eugene Dodds also recently made the following trade(s):

• On Monday, June 9th, Mark Eugene Dodds sold 5,514 shares of Elastic stock. The stock was sold at an average price of $86.91, for a total value of $479,221.74.

Elastic Trading Up 0.2%

Shares of NYSE:ESTC opened at $82.75 on Friday. The stock has a 50 day moving average of $85.73 and a 200 day moving average of $94.90. The company has a market cap of $8.73 billion, a PE ratio of -78.81 and a beta of 1.07. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.61. Elastic N.V. has a 12-month low of $69.00 and a 12-month high of $123.96.

Elastic (NYSE:ESTC) last announced its quarterly earnings data on Thursday, May 29th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.10. The company had revenue of $388.43 million during the quarter, compared to the consensus estimate of $380.61 million. Elastic had a negative return on equity of 4.46% and a negative net margin of 7.29%. The firm’s revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.21 EPS. As a group, equities research analysts expect that Elastic N.V. will post -0.77 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. SBI Securities Co. Ltd. bought a new position in Elastic in the 4th quarter worth approximately $25,000. Cloud Capital Management LLC bought a new position in Elastic in the 1st quarter worth approximately $25,000. Fourth Dimension Wealth LLC bought a new position in Elastic in the 4th quarter worth approximately $26,000. Venturi Wealth Management LLC boosted its stake in Elastic by 793.3% in the 4th quarter. Venturi Wealth Management LLC now owns 268 shares of the company’s stock worth $27,000 after purchasing an additional 238 shares during the period. Finally, Smartleaf Asset Management LLC boosted its stake in Elastic by 126.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 283 shares of the company’s stock worth $28,000 after purchasing an additional 158 shares during the period. 97.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on ESTC shares. Piper Sandler decreased their target price on Elastic from $135.00 to $120.00 and set an “overweight” rating for the company in a research report on Friday, May 30th. Scotiabank decreased their target price on Elastic from $137.00 to $95.00 and set a “sector outperform” rating for the company in a research report on Friday, May 30th. Guggenheim decreased their target price on Elastic from $136.00 to $107.00 and set a “buy” rating for the company in a research report on Friday, May 30th. Truist Financial decreased their target price on Elastic from $145.00 to $140.00 and set a “buy” rating for the company in a research report on Monday, March 31st. Finally, Monness Crespi & Hardt raised Elastic from a “neutral” rating to a “buy” rating and set a $111.00 target price for the company in a research report on Friday. Eight equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $113.52.

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.