Knight stops 20 shots, Florida rolls past Carolina 6-0 for 2nd win over 'Canes in as many days
Elastic ( NYSE:ESTC – Get Free Report ) had its target price boosted by stock analysts at Bank of America from $94.00 to $120.00 in a report released on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Bank of America ‘s target price would indicate a potential upside of 11.08% from the company’s current price. A number of other brokerages have also weighed in on ESTC. Oppenheimer lowered their price objective on Elastic from $150.00 to $125.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. TD Cowen decreased their price target on Elastic from $110.00 to $80.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. Stifel Nicolaus cut their price objective on Elastic from $120.00 to $98.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Baird R W lowered shares of Elastic from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 30th. Finally, Canaccord Genuity Group cut their price target on shares of Elastic from $125.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, September 3rd. Six analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $122.00. Read Our Latest Research Report on Elastic Elastic Trading Up 14.8 % Elastic ( NYSE:ESTC – Get Free Report ) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.10. Elastic had a net margin of 4.39% and a negative return on equity of 13.54%. The company had revenue of $347.42 million for the quarter, compared to analysts’ expectations of $344.67 million. During the same period in the previous year, the company posted ($0.35) EPS. Elastic’s revenue was up 18.3% compared to the same quarter last year. Equities analysts forecast that Elastic will post -0.92 EPS for the current year. Insider Activity at Elastic In other news, CFO Janesh Moorjani sold 6,941 shares of Elastic stock in a transaction on Monday, September 9th. The stock was sold at an average price of $70.25, for a total value of $487,605.25. Following the completion of the sale, the chief financial officer now owns 195,550 shares of the company’s stock, valued at $13,737,387.50. The trade was a 3.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website . Also, CEO Ashutosh Kulkarni sold 19,649 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $70.25, for a total value of $1,380,342.25. Following the transaction, the chief executive officer now owns 432,648 shares in the company, valued at $30,393,522. This trade represents a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here . In the last quarter, insiders sold 37,406 shares of company stock valued at $2,627,772. 15.90% of the stock is owned by insiders. Hedge Funds Weigh In On Elastic Hedge funds have recently made changes to their positions in the stock. 1832 Asset Management L.P. purchased a new stake in shares of Elastic during the 2nd quarter worth about $248,335,000. FMR LLC grew its stake in Elastic by 25.6% during the third quarter. FMR LLC now owns 5,475,297 shares of the company’s stock worth $420,284,000 after buying an additional 1,115,750 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of Elastic in the second quarter worth $102,169,000. Atreides Management LP raised its stake in shares of Elastic by 57.2% in the 3rd quarter. Atreides Management LP now owns 1,687,791 shares of the company’s stock valued at $129,555,000 after acquiring an additional 614,309 shares during the period. Finally, Federated Hermes Inc. lifted its holdings in shares of Elastic by 32,630.2% during the 2nd quarter. Federated Hermes Inc. now owns 615,655 shares of the company’s stock valued at $70,129,000 after acquiring an additional 613,774 shares in the last quarter. Institutional investors and hedge funds own 97.03% of the company’s stock. About Elastic ( Get Free Report ) 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. Featured Stories Five stocks we like better than Elastic What is an Earnings Surprise? Vertiv’s Cool Tech Makes Its Stock Red-Hot Are Penny Stocks a Good Fit for Your Portfolio? MarketBeat Week in Review – 11/18 – 11/22 Top Stocks Investing in 5G Technology 2 Finance Stocks With Competitive Advantages You Can’t Ignore 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 .
Mark Few likes No. 3 Gonzaga's toughness after win over future Pac-12 'partner' SDSUARLINGTON, Texas (AP) — The roof at the home of the Dallas Cowboys opened without incident and will stay that way for a Monday night meeting with the Cincinnati Bengals. It was to be the first game with the roof open at AT&T Stadium since Oct. 30, 2022, a 49-29 Dallas victory over Chicago. The roof was supposed to be open three weeks ago for Houston's 34-10 victory on another Monday night, but a large piece of metal and other debris fell roughly 300 feet to the field as the retractable roof was opening about three hours before kickoff. The Cowboys decided to close the roof after the incident, and it remained that way for the game. There were no injuries, and the start of the game wasn't delayed. The club said at the time it would investigate the cause with a plan to reopen the roof when it was deemed safe. Wind was cited as a cause for the falling debris. There were gusts of at least 30 mph in the afternoon before the meeting with the Texans. It was sunny with a high in the 70s Monday in the Dallas area, and winds were in the 10 mph range. ___ AP NFL: https://apnews.com/hub/NFL The Associated Press
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Citi Bike is set to expand significantly in fall 2025, bringing bike-share access to underserved Brooklyn neighborhoods, including Bay Ridge , Brownsville, East New York and Kensington. The expansion will add more than 250 new stations and 2,900 bikes citywide, half of which will be electric, increasing access to convenient, affordable transportation across the boroughs. Our civic and sacred duty to hold onto hope “This Citi Bike expansion is the latest way we’re making it easier and more affordable to get around New York City, particularly for low-income New Yorkers,” Mayor Eric Adams said in a statement. “People in Brownsville and other low-income neighborhoods deserve Citi Bike access as much as any other New Yorker, and this expansion brings us closer to ensuring just that.” The four underserved Brooklyn neighborhoods will see new stations alongside Queens communities west of Flushing Meadows Corona Park and parts of the Bronx. The expansion also includes high-demand Kings County nabes such as Downtown Brooklyn, Williamsburg, Greenpoint and Park Slope, as well as Midtown Manhattan and Harlem. “Citi Bike is more popular than ever because it’s convenient, sustainable, and a quick way to get around,” said New York City Department of Transportation Commissioner Ydanis Rodriguez. “Bike share has become an integral part of our transportation landscape, and this expansion will bring this great service to even more communities.” With the addition of new stations, the Citi Bike network will bring bike-share access within a five-minute walk of 64% of New Yorkers — more than 5.6 million residents. Combined with the city’s e-scooter share program in the East Bronx and Eastern Queens, over 75% of New York City’s population will have access to shared micromobility services. “It’s been astounding to see Citi Bike grow from an idea into a critical part of New York City’s transportation network, now supporting over 1.6 million unique riders on their 44 million journeys this year,” said Caroline Samponaro, vice president of external affairs at Lyft Urban Solutions, which operates Citi Bike. Brooklyn residents will benefit from the expansion as the system grows to over 36,000 bikes and 2,400 stations, nearly seven times its original size at launch in 2013. The network continues to meet record demand, officials said, with October 2024 marking a monthly record of 5.1 million rides, including a single-day record of 193,645 rides. “This is about giving New Yorkers more ways to quickly and safely get where they need to go,” said New York State Senator Andrew Gounardes, whose district includes Bay Ridge, and parts of Kensington and Downtown Brooklyn. “Expanding Citi Bike to neighborhoods like Bay Ridge means more people can bike to work, school, the doctor’s office, or even a subway station that’s further away. This is a win for our environment, our economy, and most importantly, our communities.” Additional reporting by Christian Murray
