Shay Banon Sells 5,260 Shares of Elastic (NYSE:ESTC) Stock

Elastic (NYSE:ESTCGet Free Report) CTO Shay Banon sold 5,260 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $109.89, for a total value of $578,021.40. Following the transaction, the chief technology officer now directly owns 4,545,856 shares of the company’s stock, valued at $499,544,115.84. The sale was disclosed in a filing with the SEC, which is available 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 transaction 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 transaction of $10,173,000.00.

Elastic Stock Down 1.8 %

Shares of NYSE ESTC opened at $112.55 on Friday. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.80. The business’s 50 day moving average is $104.04 and its two-hundred day moving average is $109.66. Elastic has a 52-week low of $57.38 and a 52-week high of $136.06. The firm has a market cap of $11.35 billion, a price-to-earnings ratio of 216.77 and a beta of 0.92.

Institutional Investors Weigh In On Elastic

A number of institutional investors have recently modified their holdings of the company. Baillie Gifford & Co. boosted its holdings in Elastic by 30.8% during the 1st quarter. Baillie Gifford & Co. now owns 10,156,726 shares of the company’s stock valued at $1,018,110,000 after acquiring an additional 2,392,356 shares during the period. FMR LLC boosted its stake in shares of Elastic by 4.7% in the third quarter. FMR LLC now owns 9,051,434 shares of the company’s stock valued at $735,338,000 after purchasing an additional 409,717 shares during the period. Vanguard Group Inc. grew its holdings in shares of Elastic by 0.5% in the first quarter. Vanguard Group Inc. now owns 8,613,723 shares of the company’s stock valued at $863,440,000 after purchasing an additional 44,597 shares in the last quarter. Sylebra Capital LLC purchased a new stake in Elastic during the 3rd quarter worth approximately $318,822,000. Finally, JPMorgan Chase & Co. lifted its holdings in Elastic by 5.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,969,585 shares of the company’s stock worth $241,249,000 after buying an additional 155,612 shares in the last quarter. 97.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ESTC has been the topic of a number of research reports. Robert W. Baird decreased their price target on shares of Elastic from $137.00 to $135.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 28th. Needham & Company LLC reaffirmed a “hold” rating on shares of Elastic in a research note on Friday, May 31st. Scotiabank reduced their price objective on Elastic from $154.00 to $135.00 and set a “sector outperform” rating for the company in a research note on Friday, May 31st. Stifel Nicolaus lowered their target price on shares of Elastic from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, May 31st. Finally, Royal Bank of Canada upped their target price on shares of Elastic from $134.00 to $147.00 and gave the stock an “overweight” rating in a report on Monday, March 4th. Seven research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $118.05.

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

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