Aaron Katz Sells 15,000 Shares of Elastic NV (NYSE:ESTC) Stock

Elastic NV (NYSE:ESTC) CRO Aaron Katz sold 15,000 shares of Elastic stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $80.38, for a total value of $1,205,700.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Aaron Katz also recently made the following trade(s):

  • On Tuesday, June 11th, Aaron Katz sold 35,000 shares of Elastic stock. The shares were sold at an average price of $79.47, for a total value of $2,781,450.00.
  • On Monday, May 6th, Aaron Katz sold 15,000 shares of Elastic stock. The shares were sold at an average price of $84.74, for a total value of $1,271,100.00.
  • On Thursday, April 4th, Aaron Katz sold 15,000 shares of Elastic stock. The shares were sold at an average price of $82.73, for a total value of $1,240,950.00.
  • On Tuesday, March 12th, Aaron Katz sold 15,000 shares of Elastic stock. The shares were sold at an average price of $82.76, for a total value of $1,241,400.00.

Shares of ESTC stock traded up $0.46 during trading hours on Friday, hitting $74.66. 3,045,796 shares of the company were exchanged, compared to its average volume of 811,606. Elastic NV has a one year low of $58.55 and a one year high of $100.43. The firm has a 50-day moving average price of $80.42. The company has a market cap of $5.41 billion and a PE ratio of -41.48.

Elastic (NYSE:ESTC) last issued its quarterly earnings results on Wednesday, June 5th. The company reported ($0.28) EPS for the quarter, topping the consensus estimate of ($0.45) by $0.17. The company had revenue of $80.60 million for the quarter, compared to the consensus estimate of $75.79 million. The firm’s revenue for the quarter was up 62.5% compared to the same quarter last year. As a group, equities analysts predict that Elastic NV will post -2.17 earnings per share for the current fiscal year.

Several brokerages have recently commented on ESTC. Monness Crespi & Hardt reissued a “buy” rating and set a $125.00 price target (up previously from $120.00) on shares of Elastic in a research note on Thursday, June 6th. Citigroup boosted their price target on Elastic from $82.00 to $97.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. Stifel Nicolaus began coverage on Elastic in a research note on Monday, May 13th. They set a “hold” rating and a $75.00 price target on the stock. Bank of America boosted their price target on Elastic from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th. Finally, Barclays reaffirmed a “buy” rating and issued a $107.00 target price on shares of Elastic in a research note on Friday, March 1st. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Elastic currently has an average rating of “Hold” and a consensus price target of $93.92.

Several hedge funds have recently modified their holdings of the company. Greenspring Associates Inc. acquired a new stake in Elastic during the fourth quarter worth about $256,206,000. FIL Ltd raised its stake in Elastic by 203.3% during the first quarter. FIL Ltd now owns 3,750,978 shares of the company’s stock worth $299,591,000 after acquiring an additional 2,514,334 shares during the period. Lunia Capital LP acquired a new stake in Elastic during the fourth quarter worth about $2,072,000. FMR LLC raised its stake in Elastic by 110.7% during the first quarter. FMR LLC now owns 1,046,489 shares of the company’s stock worth $83,582,000 after acquiring an additional 549,862 shares during the period. Finally, Lord Abbett & CO. LLC acquired a new stake in Elastic during the fourth quarter worth about $32,012,000. 41.66% of the stock is currently owned by institutional investors and hedge funds.

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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