Elastic NV (NYSE:ESTC) SVP W.H. Baird Garrett sold 20,000 shares of Elastic stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $83.29, for a total transaction of $1,665,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

W.H. Baird Garrett also recently made the following trade(s):

  • On Friday, March 22nd, W.H. Baird Garrett sold 20,000 shares of Elastic stock. The shares were sold at an average price of $88.40, for a total transaction of $1,768,000.00.

Shares of ESTC traded up $2.09 during trading hours on Tuesday, hitting $85.95. The company had a trading volume of 816,000 shares, compared to its average volume of 621,452. Elastic NV has a 52-week low of $58.55 and a 52-week high of $100.43.

Elastic (NYSE:ESTC) last posted its quarterly earnings results on Wednesday, February 27th. The company reported ($0.29) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.37) by $0.08. The company had revenue of $70.80 million during the quarter, compared to analysts’ expectations of $65.77 million. The firm’s revenue was up 69.8% on a year-over-year basis. Sell-side analysts forecast that Elastic NV will post -1.78 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Focused Wealth Management Inc purchased a new position in Elastic in the 4th quarter worth about $32,000. Barclays PLC purchased a new position in Elastic in the 4th quarter worth about $40,000. Victory Capital Management Inc. purchased a new position in Elastic in the 4th quarter worth about $42,000. PNC Financial Services Group Inc. purchased a new position in Elastic in the 4th quarter worth about $100,000. Finally, Partner Investment Management L.P. purchased a new position in Elastic in the 4th quarter worth about $137,000. 37.50% of the stock is owned by hedge funds and other institutional investors.

ESTC has been the subject of several recent research reports. Monness Crespi & Hardt reissued a “buy” rating and set a $120.00 price objective (up previously from $100.00) on shares of Elastic in a research report on Thursday, February 28th. Goldman Sachs Group lowered Elastic from a “buy” rating to a “neutral” rating and raised their price objective for the company from $78.00 to $90.00 in a research report on Thursday, February 7th. Barclays reissued a “buy” rating and set a $107.00 price objective on shares of Elastic in a research report on Friday, March 1st. Royal Bank of Canada lowered Elastic from an “outperform” rating to a “sector perform” rating in a research report on Thursday, February 7th. Finally, Oppenheimer initiated coverage on Elastic in a research report on Wednesday, March 6th. They set an “outperform” rating and a $110.00 price objective for the company. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $90.27.

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Elastic Company Profile

Elastic N.V. develops and delivers technology that enables users to search structured and unstructured data for a range of consumer and enterprise applications. It primarily provides 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.

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