2,037 Shares in Elastic (NYSE:ESTC) Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC acquired a new stake in shares of Elastic (NYSE:ESTC) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,037 shares of the company’s stock, valued at approximately $202,000.

Other institutional investors also recently bought and sold shares of the company. Blueshift Asset Management LLC purchased a new stake in Elastic during the 3rd quarter valued at about $585,000. Charles Schwab Investment Management Inc. grew its position in Elastic by 2.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 545,870 shares of the company’s stock valued at $41,901,000 after purchasing an additional 14,590 shares during the last quarter. Bangor Savings Bank purchased a new stake in Elastic during the 4th quarter valued at about $1,657,000. Fifth Third Wealth Advisors LLC purchased a new stake in shares of Elastic during the 3rd quarter valued at about $1,262,000. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Elastic by 3,442.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 14,525 shares of the company’s stock valued at $1,439,000 after acquiring an additional 14,115 shares during the last quarter. 97.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ESTC has been the topic of a number of recent analyst reports. Canaccord Genuity Group raised their price target on shares of Elastic from $110.00 to $130.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Robert W. Baird raised shares of Elastic from a “neutral” rating to an “outperform” rating and raised their price target for the company from $95.00 to $135.00 in a report on Friday, November 22nd. DA Davidson raised their price target on shares of Elastic from $75.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. Jefferies Financial Group raised their price target on shares of Elastic from $110.00 to $135.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Finally, The Goldman Sachs Group raised their price target on shares of Elastic from $99.00 to $113.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. Seven investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Elastic currently has an average rating of “Moderate Buy” and a consensus target price of $125.35.

Elastic Price Performance

NYSE ESTC opened at $117.80 on Friday. Elastic has a 12 month low of $69.00 and a 12 month high of $136.06. The stock has a market cap of $12.21 billion, a price-to-earnings ratio of 214.19 and a beta of 1.07. The company’s 50 day moving average is $105.43 and its two-hundred day moving average is $95.29. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.70.

Insiders Place Their Bets

In other news, insider Carolyn Herzog sold 11,145 shares of Elastic stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $111.34, for a total transaction of $1,240,884.30. Following the sale, the insider now owns 92,011 shares in the company, valued at $10,244,504.74. This trade represents a 10.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Ashutosh Kulkarni sold 7,017 shares of Elastic stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $108.12, for a total transaction of $758,678.04. Following the sale, the chief executive officer now owns 395,326 shares in the company, valued at approximately $42,742,647.12. The trade was a 1.74 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 168,162 shares of company stock worth $18,637,562. Company insiders own 15.90% of the company’s stock.

Elastic Company Profile

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.