2 weeks Ago By ABMN Staff
Invesco Ltd. boosted its stake in shares of Elastic ( NYSE:ESTC – Free Report ) by 5.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.
The firm owned 76,329 shares of the company’s stock after buying an additional 3,887 shares during the quarter. Invesco Ltd. owned 0.
07% of Elastic worth $7,563,000 as of its most recent filing with the Securities and Exchange Commission. Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Elastic during the fourth quarter worth $102,485,000.
Arrowstreet Capital Limited Partnership grew its stake in Elastic by 5,972.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 744,358 shares of the company’s stock valued at $73,751,000 after acquiring an additional 732,100 shares during the last quarter.
Pictet Asset Management Holding SA increased its holdings in Elastic by 15.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 3,429,756 shares of the company’s stock valued at $339,820,000 after acquiring an additional 462,974 shares in the last quarter.
American Century Companies Inc. raised its position in Elastic by 592.1% during the fourth quarter.
American Century Companies Inc. now owns 366,103 shares of the company’s stock worth $36,274,000 after acquiring an additional 313,207 shares during the last quarter. Finally, Franklin Resources Inc.
lifted its holdings in shares of Elastic by 256.3% in the third quarter. Franklin Resources Inc.
now owns 341,524 shares of the company’s stock valued at $28,387,000 after purchasing an additional 245,680 shares in the last quarter. 97.03% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets In other news, CEO Ashutosh Kulkarni sold 18,735 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $90.77, for a total transaction of $1,700,575.
95. Following the completion of the transaction, the chief executive officer now directly owns 376,591 shares in the company, valued at approximately $34,183,165.07.
The trade was a 4.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website .
Also, CTO Shay Banon sold 25,668 shares of the business’s stock in a transaction on Sunday, March 2nd. The stock was sold at an average price of $112.53, for a total value of $2,888,420.
04. Following the transaction, the chief technology officer now owns 2,408,541 shares of the company’s stock, valued at $271,033,118.73.
This trade represents a 1.05 % decrease in their position. The disclosure for this sale can be found here .
Over the last three months, insiders have sold 198,304 shares of company stock valued at $20,847,452. Company insiders own 15.90% of the company’s stock.
Analysts Set New Price Targets Get Our Latest Analysis on Elastic Elastic Trading Up 5.6 % NYSE ESTC opened at $81.89 on Friday.
The company has a market capitalization of $8.55 billion, a price-to-earnings ratio of 148.89 and a beta of 1.
19. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.
99 and a quick ratio of 1.99. Elastic has a 12 month low of $69.
00 and a 12 month high of $123.96. The company’s fifty day moving average price is $92.
21 and its two-hundred day moving average price is $96.39. Elastic ( NYSE:ESTC – Get Free Report ) last released its earnings results on Thursday, February 27th.
The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.
48). The firm had revenue of $382.08 million for the quarter, compared to the consensus estimate of $368.
85 million. Elastic had a negative return on equity of 13.20% and a net margin of 4.
39%. As a group, research analysts predict that Elastic will post -0.77 earnings per share for the current fiscal year.
Elastic Profile ( 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. See Also Want to see what other hedge funds are holding ESTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Elastic ( NYSE:ESTC – Free Report ).
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