Vanguard Personalized Indexing Management LLC Purchases 1,123 Shares of Elastic (NYSE:ESTC)

Vanguard Personalized Indexing Management LLC boosted its position in shares of Elastic (NYSE:ESTC) by 20.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,710 shares of the company’s stock after buying an additional 1,123 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Elastic were worth $764,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Nordea Investment Management AB purchased a new stake in shares of Elastic during the 1st quarter valued at about $3,104,000. Toronto Dominion Bank purchased a new stake in Elastic during the first quarter valued at approximately $5,780,000. Quantbot Technologies LP lifted its stake in shares of Elastic by 165.2% in the 1st quarter. Quantbot Technologies LP now owns 12,921 shares of the company’s stock valued at $1,295,000 after purchasing an additional 8,048 shares during the last quarter. CenterBook Partners LP boosted its holdings in shares of Elastic by 13.1% in the 4th quarter. CenterBook Partners LP now owns 27,985 shares of the company’s stock worth $3,154,000 after purchasing an additional 3,245 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Elastic by 737.7% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 17,617 shares of the company’s stock valued at $1,766,000 after purchasing an additional 15,514 shares during the last quarter. Hedge funds and other institutional investors own 97.03% of the company’s stock.

Elastic Price Performance

ESTC opened at $78.19 on Wednesday. The firm has a market capitalization of $7.95 billion, a PE ratio of 147.53 and a beta of 0.94. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.91 and a quick ratio of 1.91. The business’s 50-day moving average is $95.89 and its two-hundred day moving average is $102.53. Elastic has a 1 year low of $69.00 and a 1 year high of $136.06.

Elastic (NYSE:ESTC) last issued its quarterly earnings data on Thursday, August 29th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.10. The firm had revenue of $347.42 million for the quarter, compared to the consensus estimate of $344.67 million. Elastic had a net margin of 4.62% and a negative return on equity of 17.54%. The company’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.35) EPS. Research analysts anticipate that Elastic will post -0.94 earnings per share for the current fiscal year.

Insider Activity

In related news, CTO Shay Banon sold 2,666 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $70.25, for a total transaction of $187,286.50. Following the transaction, the chief technology officer now directly owns 4,543,190 shares in the company, valued at approximately $319,159,097.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Paul R. Auvil III acquired 20,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were acquired at an average cost of $74.25 per share, with a total value of $1,485,000.00. Following the completion of the acquisition, the director now owns 22,627 shares of the company’s stock, valued at $1,680,054.75. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CTO Shay Banon sold 2,666 shares of Elastic stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $70.25, for a total value of $187,286.50. Following the sale, the chief technology officer now directly owns 4,543,190 shares of the company’s stock, valued at approximately $319,159,097.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,406 shares of company stock worth $2,627,772. Insiders own 18.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Jefferies Financial Group lowered their price target on Elastic from $140.00 to $110.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Needham & Company LLC reaffirmed a “hold” rating on shares of Elastic in a research note on Friday, August 30th. DA Davidson cut their price target on shares of Elastic from $100.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday, August 30th. UBS Group decreased their price objective on shares of Elastic from $135.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Finally, Citigroup increased their price target on Elastic from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Nine analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $103.48.

Elastic 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.