WINTON GROUP Ltd Takes Position in Elastic (NYSE:ESTC)

WINTON GROUP Ltd acquired a new stake in shares of Elastic (NYSE:ESTC) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 16,568 shares of the company’s stock, valued at approximately $1,642,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in shares of Elastic during the fourth quarter valued at $25,000. Geneos Wealth Management Inc. acquired a new stake in Elastic in the fourth quarter valued at $25,000. Venturi Wealth Management LLC raised its position in Elastic by 793.3% during the 4th quarter. Venturi Wealth Management LLC now owns 268 shares of the company’s stock worth $27,000 after purchasing an additional 238 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in Elastic by 126.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 283 shares of the company’s stock worth $28,000 after buying an additional 158 shares during the period. Finally, Global Retirement Partners LLC grew its position in shares of Elastic by 1,065.2% in the 4th quarter. Global Retirement Partners LLC now owns 536 shares of the company’s stock valued at $53,000 after buying an additional 490 shares during the last quarter. Institutional investors own 97.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Robert W. Baird lifted their price objective on Elastic from $135.00 to $140.00 and gave the stock an “outperform” rating in a research note on Friday, February 28th. Piper Sandler boosted their price target on shares of Elastic from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Morgan Stanley increased their price objective on shares of Elastic from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Wells Fargo & Company boosted their target price on shares of Elastic from $135.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $130.00 price target on shares of Elastic in a report on Tuesday, February 25th. Seven equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $131.39.

Insiders Place Their Bets

In other Elastic news, CEO Ashutosh Kulkarni sold 5,000 shares of the stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $102.64, for a total value of $513,200.00. Following the completion of the sale, the chief executive officer now owns 371,591 shares in the company, valued at approximately $38,140,100.24. This trade represents a 1.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Carolyn Herzog sold 3,334 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $90.78, for a total value of $302,660.52. Following the completion of the transaction, the insider now owns 84,152 shares in the company, valued at $7,639,318.56. The trade was a 3.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 198,304 shares of company stock valued at $20,847,452 in the last three months. 15.90% of the stock is currently owned by insiders.

Elastic Price Performance

Shares of NYSE ESTC opened at $94.96 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.99 and a current ratio of 1.99. The firm’s 50-day simple moving average is $105.43 and its 200 day simple moving average is $95.83. The stock has a market cap of $9.91 billion, a price-to-earnings ratio of 172.65 and a beta of 1.20. Elastic has a fifty-two week low of $69.00 and a fifty-two week high of $123.96.

Elastic (NYSE:ESTC) last announced its 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). Elastic had a net margin of 4.39% and a negative return on equity of 13.20%. The company had revenue of $382.08 million for the quarter, compared to analysts’ expectations of $368.85 million. As a group, research analysts anticipate that Elastic will post -0.77 earnings per share for the current fiscal year.

Elastic Company 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.