7,315 Shares in Elastic NV (ESTC) Acquired by Glaxis Capital Management LLC

Share on StockTwits

Glaxis Capital Management LLC bought a new stake in Elastic NV (NYSE:ESTC) during the 1st quarter, HoldingsChannel reports. The institutional investor bought 7,315 shares of the company’s stock, valued at approximately $584,000. Elastic makes up about 1.7% of Glaxis Capital Management LLC’s investment portfolio, making the stock its 13th biggest position.

A number of other large investors have also bought and sold shares of the stock. Greenspring Associates Inc. purchased a new position in shares of Elastic during the fourth quarter worth about $256,206,000. Lunia Capital LP purchased a new position in shares of Elastic during the fourth quarter worth about $2,072,000. FMR LLC purchased a new position in shares of Elastic during the fourth quarter worth about $35,499,000. Lord Abbett & CO. LLC purchased a new position in shares of Elastic during the fourth quarter worth about $32,012,000. Finally, BlackRock Inc. purchased a new position in shares of Elastic during the fourth quarter worth about $30,062,000. 37.50% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE ESTC traded up $1.34 during midday trading on Monday, reaching $83.86. 510,813 shares of the company were exchanged, compared to its average volume of 618,893. Elastic NV has a 1 year low of $58.55 and a 1 year high of $100.43.

Elastic (NYSE:ESTC) last released its quarterly earnings results on Wednesday, February 27th. The company reported ($0.29) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.37) by $0.08. The company had revenue of $70.80 million for the quarter, compared to analysts’ expectations of $65.77 million. Elastic’s quarterly revenue was up 69.8% compared to the same quarter last year. Analysts predict that Elastic NV will post -1.78 earnings per share for the current fiscal year.

Several brokerages have issued reports on ESTC. KeyCorp reaffirmed a “buy” rating and set a $102.00 price objective on shares of Elastic in a report on Thursday. Jefferies Financial Group raised their price objective on Elastic to $90.00 and gave the stock a “hold” rating in a report on Thursday, February 28th. They noted that the move was a valuation call. FBN Securities began coverage on Elastic in a report on Tuesday, April 2nd. They set an “outperform” rating on the stock. Zacks Investment Research lowered Elastic from a “buy” rating to a “hold” rating in a report on Tuesday, February 5th. Finally, Citigroup raised their price objective on Elastic from $82.00 to $97.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $90.27.

In related news, SVP Kevin Kluge sold 70,000 shares of the firm’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $79.79, for a total transaction of $5,585,300.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP W.H. Baird Garrett sold 20,000 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $88.40, for a total value of $1,768,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,881,322 shares of company stock worth $156,132,760. Corporate insiders own 51.80% of the company’s stock.

WARNING: This news story was first posted by Highlight Press and is the property of of Highlight Press. If you are accessing this news story on another domain, it was copied illegally and reposted in violation of US & international trademark & copyright laws. The legal version of this news story can be viewed at https://highlightpress.com/2019/04/22/7315-shares-in-elastic-nv-estc-acquired-by-glaxis-capital-management-llc.html.

About Elastic

Elastic N.V. develops and delivers technology that enables users to search structured and unstructured data for a range of consumer and enterprise applications. It primarily provides 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.

See Also: What is the yield curve?

Want to see what other hedge funds are holding ESTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Elastic NV (NYSE:ESTC).

Institutional Ownership by Quarter for Elastic (NYSE:ESTC)

Receive News & Ratings for Elastic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Elastic and related companies with MarketBeat.com's FREE daily email newsletter.