Elastic (NYSE:ESTC) Stock Holdings Raised by Cota Capital Management LLC

Cota Capital Management LLC boosted its holdings in shares of Elastic (NYSE:ESTC) by 14.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,143 shares of the company’s stock after acquiring an additional 6,752 shares during the quarter. Elastic accounts for 16.0% of Cota Capital Management LLC’s portfolio, making the stock its 4th biggest holding. Cota Capital Management LLC owned about 0.05% of Elastic worth $4,002,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Fifth Third Wealth Advisors LLC bought a new position in Elastic in the 3rd quarter worth about $1,262,000. WD Rutherford LLC bought a new position in Elastic in the second quarter worth approximately $422,000. Assenagon Asset Management S.A. purchased a new position in Elastic during the 2nd quarter worth $102,169,000. Daventry Group LP raised its position in Elastic by 8.6% during the 2nd quarter. Daventry Group LP now owns 316,975 shares of the company’s stock valued at $36,107,000 after purchasing an additional 25,008 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Elastic in the 1st quarter worth $1,823,000. Institutional investors own 97.03% of the company’s stock.

Insider Transactions at Elastic

In related news, Director Paul R. Auvil III purchased 20,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was bought at an average cost of $74.25 per share, with a total value of $1,485,000.00. Following the completion of the acquisition, the director now owns 22,627 shares of the company’s stock, valued at $1,680,054.75. The trade was a 761.32 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Shay Banon sold 150,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $110.92, for a total transaction of $16,638,000.00. Following the sale, the chief technology officer now directly owns 2,604,978 shares in the company, valued at $288,944,159.76. The trade was a 5.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 198,551 shares of company stock worth $20,506,656 over the last 90 days. 15.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Royal Bank of Canada raised their price target on Elastic from $110.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Rosenblatt Securities reiterated a “buy” rating and set a $120.00 price objective on shares of Elastic in a research note on Wednesday, November 20th. Bank of America upped their target price on Elastic from $94.00 to $120.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. The Goldman Sachs Group upped their price objective on Elastic from $99.00 to $113.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Finally, Needham & Company LLC reissued a “hold” rating on shares of Elastic in a research report on Friday, November 22nd. Five equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Elastic has an average rating of “Moderate Buy” and a consensus target price of $126.33.

Elastic Trading Down 1.3 %

Shares of NYSE:ESTC opened at $110.13 on Thursday. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.75. Elastic has a 52-week low of $69.00 and a 52-week high of $136.06. The stock has a market cap of $11.32 billion, a price-to-earnings ratio of 200.24 and a beta of 0.94. The business has a 50-day moving average price of $83.22 and a 200-day moving average price of $96.99.

Elastic (NYSE:ESTC) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.10. The company had revenue of $347.42 million during the quarter, compared to analyst estimates of $344.67 million. Elastic had a net margin of 4.39% and a negative return on equity of 13.54%. Elastic’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period last year, the firm posted ($0.35) EPS. Equities analysts predict that Elastic will post -0.92 EPS for the current year.

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.