Elastic (NYSE:ESTC) CRO Sells $382,966.46 in Stock

Elastic (NYSE:ESTCGet Free Report) CRO Mark Eugene Dodds sold 3,457 shares of the stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $110.78, for a total value of $382,966.46. Following the transaction, the executive now owns 82,498 shares in the company, valued at approximately $9,139,128.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Mark Eugene Dodds also recently made the following trade(s):

  • On Monday, June 10th, Mark Eugene Dodds sold 2,281 shares of Elastic stock. The shares were sold at an average price of $109.90, for a total value of $250,681.90.

Elastic Stock Performance

NYSE ESTC opened at $112.55 on Friday. The stock’s fifty day moving average is $104.04 and its two-hundred day 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 quick ratio of 1.87 and a current ratio of 1.87. Elastic has a fifty-two week low of $57.38 and a fifty-two week high of $136.06.

Hedge Funds Weigh In On Elastic

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rakuten Securities Inc. acquired a new position in Elastic during the fourth quarter worth $25,000. GAMMA Investing LLC purchased a new stake in Elastic in the fourth quarter valued at $39,000. Cypress Capital Management LLC WY purchased a new stake in Elastic in the fourth quarter valued at $45,000. Covestor Ltd raised its position in Elastic by 168.3% in the third quarter. Covestor Ltd now owns 448 shares of the company’s stock valued at $36,000 after purchasing an additional 281 shares during the period. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Elastic in the first quarter valued at $64,000. Institutional investors and hedge funds own 97.03% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on ESTC shares. Bank of America dropped their price objective on Elastic from $150.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, May 31st. UBS Group started coverage on Elastic in a report on Wednesday, May 22nd. They issued a “buy” rating and a $135.00 price objective on the stock. Stifel Nicolaus dropped their price objective on Elastic from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, May 31st. Royal Bank of Canada raised their price objective on Elastic from $134.00 to $147.00 and gave the company an “overweight” rating in a report on Monday, March 4th. Finally, Citigroup raised their price objective on Elastic from $145.00 to $155.00 and gave the company a “buy” rating in a report on Monday, June 3rd. Seven research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $118.05.

Check Out Our Latest Report on Elastic

Elastic Company Profile

(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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