Elastic (NYSE:ESTC) CTO Sells $578,021.40 in Stock

Elastic (NYSE:ESTCGet Free Report) CTO Shay Banon sold 5,260 shares of Elastic stock in a transaction on Monday, June 10th. The stock was sold at an average price of $109.89, for a total transaction of $578,021.40. Following the completion of the transaction, the chief technology officer now owns 4,545,856 shares in the company, valued at approximately $499,544,115.84. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shay Banon also recently made the following trade(s):

  • On Wednesday, March 20th, Shay Banon sold 20,000 shares of Elastic stock. The stock was sold at an average price of $101.52, for a total value of $2,030,400.00.
  • On Monday, March 18th, Shay Banon sold 100,000 shares of Elastic stock. The shares were sold at an average price of $101.73, for a total value of $10,173,000.00.

Elastic Trading Down 1.8 %

NYSE:ESTC opened at $112.55 on Friday. Elastic has a one year low of $57.38 and a one year high of $136.06. The company’s 50-day simple moving average is $104.04 and its 200 day simple moving average is $109.66. The firm has a market capitalization of $11.35 billion, a P/E ratio of 216.77 and a beta of 0.92. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.87 and a quick ratio of 1.87.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on ESTC shares. Royal Bank of Canada boosted their price objective on Elastic from $134.00 to $147.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. Barclays dropped their price target on shares of Elastic from $128.00 to $117.00 and set an “equal weight” rating for the company in a research report on Friday, May 31st. Bank of America decreased their price objective on shares of Elastic from $150.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. Canaccord Genuity Group dropped their target price on shares of Elastic from $130.00 to $125.00 and set a “buy” rating for the company in a report on Friday, May 31st. Finally, Oppenheimer boosted their price target on Elastic from $110.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, March 1st. Seven analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $118.05.

View Our Latest Stock Analysis on Elastic

Institutional Trading of Elastic

Hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. raised its stake in Elastic by 5.9% during the third quarter. Victory Capital Management Inc. now owns 8,761 shares of the company’s stock valued at $712,000 after buying an additional 490 shares during the last quarter. Barclays PLC raised its position in shares of Elastic by 4.7% in the 3rd quarter. Barclays PLC now owns 20,153 shares of the company’s stock worth $1,636,000 after purchasing an additional 904 shares during the last quarter. Swiss National Bank boosted its stake in Elastic by 1.9% in the 3rd quarter. Swiss National Bank now owns 171,300 shares of the company’s stock worth $13,916,000 after purchasing an additional 3,200 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Elastic by 3.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 485,270 shares of the company’s stock valued at $39,423,000 after purchasing an additional 17,287 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its position in Elastic by 46.0% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 4,880 shares of the company’s stock valued at $396,000 after purchasing an additional 1,538 shares during the last quarter. 97.03% of the stock is owned by institutional investors.

About Elastic

(Get Free Report)

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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Insider Buying and Selling by Quarter for Elastic (NYSE:ESTC)

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