1,309 Shares in Elastic N.V. $ESTC Acquired by WD Rutherford LLC

WD Rutherford LLC acquired a new position in Elastic N.V. (NYSE:ESTC) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,309 shares of the company’s stock, valued at approximately $110,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ESTC. Cloud Capital Management LLC acquired a new position in Elastic in the first quarter valued at approximately $25,000. Signaturefd LLC lifted its stake in Elastic by 53.7% in the first quarter. Signaturefd LLC now owns 335 shares of the company’s stock valued at $30,000 after buying an additional 117 shares during the period. North Capital Inc. acquired a new position in Elastic in the first quarter valued at approximately $37,000. Smartleaf Asset Management LLC increased its holdings in shares of Elastic by 53.7% during the first quarter. Smartleaf Asset Management LLC now owns 435 shares of the company’s stock valued at $40,000 after acquiring an additional 152 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Elastic by 134.6% during the first quarter. GAMMA Investing LLC now owns 570 shares of the company’s stock worth $51,000 after purchasing an additional 327 shares during the period. 97.03% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Elastic

In other news, CRO Mark Eugene Dodds sold 5,037 shares of the firm’s stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $90.12, for a total transaction of $453,934.44. Following the completion of the sale, the executive directly owned 167,284 shares of the company’s stock, valued at $15,075,634.08. This trade represents a 2.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Ashutosh Kulkarni sold 19,622 shares of the firm’s stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $90.12, for a total value of $1,768,334.64. Following the sale, the chief executive officer directly owned 457,314 shares of the company’s stock, valued at approximately $41,213,137.68. This represents a 4.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 349,536 shares of company stock worth $30,872,136. Company insiders own 12.70% of the company’s stock.

Analysts Set New Price Targets

ESTC has been the topic of a number of research reports. Scotiabank reaffirmed an “outperform” rating on shares of Elastic in a research report on Friday, August 29th. Morgan Stanley upped their target price on Elastic from $115.00 to $120.00 and gave the stock an “overweight” rating in a research report on Friday, August 29th. Royal Bank Of Canada upped their target price on Elastic from $106.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Elastic in a research report on Friday, August 29th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $130.00 target price on shares of Elastic in a research report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $120.00.

Elastic Trading Up 0.9%

Shares of Elastic stock opened at $85.93 on Friday. The stock has a fifty day simple moving average of $83.84 and a 200 day simple moving average of $85.30. Elastic N.V. has a 12-month low of $70.14 and a 12-month high of $118.84. The company has a market capitalization of $9.13 billion, a P/E ratio of -107.41 and a beta of 1.04. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.59.

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.