JPMorgan Chase & Co. lowered its stake in Elastic (NYSE:ESTC – Get Rating) by 27.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,408,582 shares of the company’s stock after selling 916,370 shares during the period. JPMorgan Chase & Co. owned 2.52% of Elastic worth $124,044,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of ESTC. Altshuler Shaham Ltd acquired a new stake in Elastic during the 3rd quarter worth $43,000. Focused Wealth Management Inc grew its holdings in Elastic by 25.8% during the 4th quarter. Focused Wealth Management Inc now owns 2,000 shares of the company’s stock worth $103,000 after acquiring an additional 410 shares during the period. Advisors Asset Management Inc. grew its holdings in Elastic by 51.1% during the 1st quarter. Advisors Asset Management Inc. now owns 1,517 shares of the company’s stock worth $135,000 after acquiring an additional 513 shares during the period. CWM LLC grew its holdings in Elastic by 134.1% during the 4th quarter. CWM LLC now owns 3,350 shares of the company’s stock worth $173,000 after acquiring an additional 1,919 shares during the period. Finally, Lido Advisors LLC acquired a new position in shares of Elastic in the 3rd quarter valued at $201,000. Institutional investors and hedge funds own 78.40% of the company’s stock.
Insider Activity
In other news, insider Ken Exner sold 2,064 shares of the company’s stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $58.28, for a total value of $120,289.92. Following the sale, the insider now directly owns 123,117 shares of the company’s stock, valued at approximately $7,175,258.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CFO Janesh Moorjani sold 3,956 shares of the company’s stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $58.28, for a total value of $230,555.68. Following the transaction, the chief financial officer now owns 178,235 shares in the company, valued at approximately $10,387,535.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Ken Exner sold 2,064 shares of the company’s stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $58.28, for a total transaction of $120,289.92. Following the completion of the transaction, the insider now owns 123,117 shares in the company, valued at approximately $7,175,258.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,118 shares of company stock valued at $1,055,917. 18.80% of the stock is owned by company insiders.
Analyst Ratings Changes
Elastic Price Performance
Shares of NYSE:ESTC opened at $72.29 on Monday. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.89 and a quick ratio of 1.89. The company’s 50-day moving average price is $60.34 and its two-hundred day moving average price is $57.76. Elastic has a one year low of $46.18 and a one year high of $91.30.
Elastic (NYSE:ESTC – Get Rating) last issued its earnings results on Thursday, June 1st. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.13. The company had revenue of $279.94 million for the quarter, compared to analysts’ expectations of $277.63 million. Elastic had a negative net margin of 22.09% and a negative return on equity of 46.75%. Elastic’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.64) EPS. Research analysts anticipate that Elastic will post -1.04 earnings per share for the current year.
Elastic Company Profile
Elastic NV engages in the provision of open-source search and analytics engine services. It offers Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as perform search, analysis, and visualization. The firms Elastic Stack product comprises Elasticsearch, a distributed, real-time search and analytics engine, and data store for various types of data, including textual, numerical, geospatial, structured, and unstructured, Kibana, a user interface, management, and configuration interface for the Elastic Stack, Beats, a single-purpose data shippers for sending data from edge machines to Elasticsearch or Logstash, and Logstash, a data processing pipeline for ingesting data into Elasticsearch or other storage systems.
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