Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Elastic NV (NYSE:ESTC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,098 shares of the company’s stock, valued at approximately $82,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ESTC. Northern Trust Corp purchased a new position in shares of Elastic in the 4th quarter worth about $2,235,000. Pier Capital LLC boosted its holdings in shares of Elastic by 122.2% in the 1st quarter. Pier Capital LLC now owns 87,111 shares of the company’s stock worth $6,958,000 after buying an additional 47,910 shares during the last quarter. B. Riley Wealth Management Inc. purchased a new position in shares of Elastic in the 1st quarter worth about $301,000. Landsberg Bennett & Dubbaneh LLC purchased a new position in shares of Elastic in the 2nd quarter worth about $239,000. Finally, FMR LLC boosted its holdings in shares of Elastic by 110.7% in the 1st quarter. FMR LLC now owns 1,046,489 shares of the company’s stock worth $83,582,000 after buying an additional 549,862 shares during the last quarter. 49.06% of the stock is currently owned by hedge funds and other institutional investors.

In related news, SVP W.H. Baird Garrett sold 2,000 shares of the business’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $76.40, for a total value of $152,800.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Kevin Kluge sold 25,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $98.22, for a total value of $2,455,500.00. The disclosure for this sale can be found here. Insiders sold a total of 1,958,440 shares of company stock worth $166,065,906 over the last 90 days. 51.80% of the stock is currently owned by company insiders.

A number of brokerages recently weighed in on ESTC. Monness Crespi & Hardt reissued a “buy” rating and issued a $125.00 price target (up from $120.00) on shares of Elastic in a report on Thursday, June 6th. Zacks Investment Research raised shares of Elastic from a “sell” rating to a “hold” rating in a report on Monday, August 5th. Bank of America boosted their price target on shares of Elastic from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. Stifel Nicolaus began coverage on shares of Elastic in a report on Monday, May 13th. They issued a “hold” rating and a $75.00 price target on the stock. Finally, Royal Bank of Canada raised shares of Elastic from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $94.00 to $112.00 in a report on Wednesday, August 14th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Elastic presently has an average rating of “Buy” and a consensus target price of $97.33.

Elastic stock traded down $0.75 during midday trading on Thursday, reaching $83.32. The stock had a trading volume of 9,773 shares, compared to its average volume of 843,345. Elastic NV has a 12 month low of $58.55 and a 12 month high of $104.10. The firm’s 50-day moving average price is $90.51 and its 200 day moving average price is $85.64. The firm has a market capitalization of $6.44 billion and a PE ratio of -46.30.

Elastic (NYSE:ESTC) last announced its quarterly earnings data on Wednesday, June 5th. The company reported ($0.28) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.45) by $0.17. The firm had revenue of $80.60 million during the quarter, compared to the consensus estimate of $75.79 million. The business’s quarterly revenue was up 62.5% on a year-over-year basis. On average, equities research analysts anticipate that Elastic NV will post -2.17 earnings per share for the current fiscal year.

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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Institutional Ownership by Quarter for Elastic (NYSE:ESTC)

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