Jump Financial LLC Invests $641,000 in Elastic (NYSE:ESTC)

Jump Financial LLC acquired a new stake in Elastic (NYSE:ESTCFree Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,888 shares of the company’s stock, valued at approximately $641,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Quarry LP increased its holdings in shares of Elastic by 79.6% in the 1st quarter. Quarry LP now owns 591 shares of the company’s stock valued at $34,000 after acquiring an additional 262 shares during the last quarter. Steward Partners Investment Advisory LLC increased its stake in Elastic by 50.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 707 shares of the company’s stock valued at $36,000 after purchasing an additional 238 shares during the last quarter. Activest Wealth Management bought a new stake in Elastic during the third quarter valued at $50,000. Amundi increased its stake in Elastic by 2,063.8% during the fourth quarter. Amundi now owns 1,017 shares of the company’s stock valued at $53,000 after purchasing an additional 970 shares during the last quarter. Finally, Advisory Services Network LLC increased its stake in Elastic by 144.1% during the first quarter. Advisory Services Network LLC now owns 1,355 shares of the company’s stock valued at $78,000 after purchasing an additional 800 shares during the last quarter. 74.66% of the stock is owned by hedge funds and other institutional investors.

Elastic Trading Up 0.9 %

Shares of Elastic stock opened at $126.58 on Friday. The stock has a fifty day simple moving average of $115.05 and a 200 day simple moving average of $87.41. Elastic has a 12-month low of $50.21 and a 12-month high of $128.48. The company has a market capitalization of $12.61 billion, a P/E ratio of -63.61 and a beta of 0.95. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 1.25.

Elastic (NYSE:ESTCGet Free Report) last posted its quarterly earnings data on Thursday, November 30th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.13. Elastic had a negative return on equity of 30.65% and a negative net margin of 16.62%. The business had revenue of $311.00 million for the quarter, compared to analysts’ expectations of $304.44 million. During the same quarter in the previous year, the firm earned ($0.50) earnings per share. The business’s revenue was up 17.6% on a year-over-year basis. On average, sell-side analysts anticipate that Elastic will post -1.17 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Carolyn Herzog sold 20,234 shares of the company’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $115.49, for a total transaction of $2,336,824.66. Following the transaction, the insider now owns 90,390 shares of the company’s stock, valued at approximately $10,439,141.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Ashutosh Kulkarni sold 10,708 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $114.97, for a total transaction of $1,231,098.76. Following the transaction, the chief executive officer now directly owns 380,013 shares of the company’s stock, valued at approximately $43,690,094.61. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Carolyn Herzog sold 20,234 shares of Elastic stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $115.49, for a total value of $2,336,824.66. Following the completion of the transaction, the insider now directly owns 90,390 shares in the company, valued at $10,439,141.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 128,867 shares of company stock valued at $14,928,615. Insiders own 18.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on ESTC shares. Oppenheimer boosted their target price on shares of Elastic from $95.00 to $110.00 and gave the company an “outperform” rating in a research note on Friday, December 1st. Jefferies Financial Group upgraded shares of Elastic from a “hold” rating to a “buy” rating and upped their price target for the stock from $75.00 to $100.00 in a research report on Wednesday, October 18th. Wedbush reiterated a “neutral” rating and issued a $67.00 target price on shares of Elastic in a research report on Friday, December 1st. JPMorgan Chase & Co. upped their price target on shares of Elastic from $87.00 to $98.00 and gave the company an “overweight” rating in a report on Friday, December 1st. Finally, Rosenblatt Securities increased their price target on shares of Elastic from $80.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, December 1st. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $94.61.

View Our Latest Stock Report on Elastic

About Elastic

(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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Institutional Ownership by Quarter for Elastic (NYSE:ESTC)

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