Blue Trust Inc. Has $198,000 Stock Holdings in Elastic (NYSE:ESTC)

Blue Trust Inc. boosted its position in shares of Elastic (NYSE:ESTC) by 21.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,582 shares of the company’s stock after purchasing an additional 452 shares during the period. Blue Trust Inc.’s holdings in Elastic were worth $198,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Advisors Asset Management Inc. raised its stake in shares of Elastic by 12.7% during the 1st quarter. Advisors Asset Management Inc. now owns 1,053 shares of the company’s stock worth $106,000 after purchasing an additional 119 shares in the last quarter. Signaturefd LLC raised its position in Elastic by 44.1% during the second quarter. Signaturefd LLC now owns 389 shares of the company’s stock valued at $44,000 after acquiring an additional 119 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Elastic by 8.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,469 shares of the company’s stock valued at $278,000 after acquiring an additional 185 shares during the last quarter. Headlands Technologies LLC grew its position in Elastic by 75.4% in the second quarter. Headlands Technologies LLC now owns 628 shares of the company’s stock worth $72,000 after acquiring an additional 270 shares in the last quarter. Finally, Asset Dedication LLC increased its stake in shares of Elastic by 1,333.3% during the 2nd quarter. Asset Dedication LLC now owns 301 shares of the company’s stock worth $34,000 after purchasing an additional 280 shares during the last quarter. Hedge funds and other institutional investors own 97.03% of the company’s stock.

Insider Transactions at Elastic

In related news, insider Carolyn Herzog sold 4,489 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $70.25, for a total value of $315,352.25. Following the sale, the insider now owns 102,959 shares of the company’s stock, valued at $7,232,869.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Carolyn Herzog sold 4,489 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 value of $315,352.25. Following the sale, the insider now owns 102,959 shares of the company’s stock, valued at $7,232,869.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Mark Eugene Dodds sold 3,661 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $70.25, for a total value of $257,185.25. Following the transaction, the executive now owns 102,683 shares of the company’s stock, valued at $7,213,480.75. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 37,406 shares of company stock valued at $2,627,772. Company insiders own 18.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Wedbush upgraded shares of Elastic to a “hold” rating in a report on Thursday, October 17th. Rosenblatt Securities reiterated a “buy” rating and set a $136.00 price target on shares of Elastic in a research note on Tuesday, August 27th. TD Cowen cut their price objective on Elastic from $110.00 to $80.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. Citigroup boosted their target price on Elastic from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Finally, Royal Bank of Canada lowered their price target on Elastic from $135.00 to $110.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $103.71.

Elastic Price Performance

Shares of ESTC stock opened at $79.35 on Friday. Elastic has a 12 month low of $69.00 and a 12 month high of $136.06. The company has a market capitalization of $8.07 billion, a P/E ratio of 149.72 and a beta of 0.94. The stock has a 50 day moving average of $82.52 and a two-hundred day moving average of $99.01. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.75.

Elastic (NYSE:ESTC) last issued its earnings results on Thursday, August 29th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.25 by $0.10. The firm had revenue of $347.42 million during the quarter, compared to analysts’ expectations of $344.67 million. Elastic had a negative return on equity of 17.54% and a net margin of 4.62%. Elastic’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period last year, the business earned ($0.35) earnings per share. As a group, equities analysts expect that Elastic will post -0.91 EPS for the current year.

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.