Dynamic Technology Lab Private Ltd Has $885,000 Stock Holdings in Elastic (NYSE:ESTC)

Dynamic Technology Lab Private Ltd boosted its holdings in shares of Elastic (NYSE:ESTC) by 12.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,932 shares of the company’s stock after buying an additional 985 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Elastic were worth $885,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Slow Capital Inc. purchased a new position in shares of Elastic during the 4th quarter valued at $5,039,000. Wealth Effects LLC boosted its position in Elastic by 25.4% during the fourth quarter. Wealth Effects LLC now owns 28,800 shares of the company’s stock valued at $2,854,000 after purchasing an additional 5,830 shares during the last quarter. Bangor Savings Bank acquired a new stake in Elastic during the fourth quarter valued at $1,657,000. Smith Group Asset Management LLC purchased a new position in Elastic in the fourth quarter valued at about $3,408,000. Finally, Nisa Investment Advisors LLC increased its position in Elastic by 3,442.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 14,525 shares of the company’s stock worth $1,439,000 after purchasing an additional 14,115 shares during the last quarter. 97.03% of the stock is owned by hedge funds and other institutional investors.

Elastic Trading Down 7.3 %

Shares of Elastic stock opened at $76.20 on Monday. Elastic has a 52-week low of $69.00 and a 52-week high of $123.96. The firm has a market capitalization of $7.96 billion, a PE ratio of 138.55 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. The company’s fifty day moving average price is $103.65 and its two-hundred day moving average price is $96.68.

Elastic (NYSE:ESTC) last posted its quarterly earnings results on Thursday, February 27th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.48). The business had revenue of $382.08 million during the quarter, compared to analyst estimates of $368.85 million. Elastic had a negative return on equity of 13.20% and a net margin of 4.39%. On average, analysts expect that Elastic will post -0.77 EPS for the current year.

Insider Buying and Selling

In related news, CTO Shay Banon sold 25,668 shares of the stock in a transaction dated Sunday, March 2nd. The shares were sold at an average price of $112.53, for a total transaction of $2,888,420.04. Following the completion of the sale, the chief technology officer now owns 2,408,541 shares in the company, valued at $271,033,118.73. This trade represents a 1.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CRO Mark Eugene Dodds sold 2,755 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $90.77, for a total transaction of $250,071.35. Following the completion of the transaction, the executive now owns 96,484 shares in the company, valued at approximately $8,757,852.68. This trade represents a 2.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 198,304 shares of company stock worth $20,847,452 in the last 90 days. 15.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ESTC has been the subject of several recent research reports. Guggenheim boosted their price target on Elastic from $130.00 to $136.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Cantor Fitzgerald assumed coverage on shares of Elastic in a research note on Friday, January 17th. They set a “neutral” rating and a $108.00 price target on the stock. Wells Fargo & Company lifted their price objective on shares of Elastic from $135.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. UBS Group increased their target price on shares of Elastic from $140.00 to $148.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Finally, Wedbush cut Elastic from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Seven 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 has a consensus rating of “Moderate Buy” and a consensus target price of $130.74.

Elastic 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.