Trexquant Investment LP Has $25.01 Million Holdings in Elastic (NYSE:ESTC)

Trexquant Investment LP increased its holdings in Elastic (NYSE:ESTC) by 461.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 252,434 shares of the company’s stock after buying an additional 207,452 shares during the period. Trexquant Investment LP owned 0.24% of Elastic worth $25,011,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Cantor Fitzgerald initiated coverage on shares of Elastic in a research report on Friday, January 17th. They issued a “neutral” rating and a $108.00 target price for the company. Wedbush downgraded shares of Elastic from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Wells Fargo & Company upped their target price on Elastic from $135.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Scotiabank decreased their price target on Elastic from $140.00 to $137.00 and set a “sector outperform” rating on the stock in a research note on Thursday, March 27th. Finally, Robert W. Baird upped their price objective on Elastic from $135.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, February 28th. Seven investment 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’s stock. According to MarketBeat, Elastic presently has an average rating of “Moderate Buy” and an average target price of $130.74.

Elastic Trading Down 2.8 %

Shares of ESTC stock opened at $89.12 on Tuesday. Elastic has a 1-year low of $69.00 and a 1-year high of $123.96. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.70. The stock has a market cap of $9.31 billion, a price-to-earnings ratio of 162.04 and a beta of 1.20. The stock has a 50-day moving average of $105.03 and a 200-day moving average of $96.39.

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

Insider Buying and Selling at Elastic

In related news, CTO Shay Banon sold 25,668 shares of the stock in a transaction on 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 transaction, the chief technology officer now directly owns 2,408,541 shares of the company’s stock, valued at $271,033,118.73. This represents a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ashutosh Kulkarni sold 18,735 shares of Elastic stock in a transaction on Monday, March 10th. The shares were sold at an average price of $90.77, for a total transaction of $1,700,575.95. Following the completion of the sale, the chief executive officer now directly owns 376,591 shares of the company’s stock, valued at approximately $34,183,165.07. This trade represents a 4.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 198,304 shares of company stock valued at $20,847,452. 15.90% of the stock is currently owned by insiders.

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.