Allianz Asset Management GmbH Sells 95,633 Shares of Elastic N.V. $ESTC

Allianz Asset Management GmbH reduced its holdings in shares of Elastic N.V. (NYSE:ESTC) by 30.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 213,960 shares of the company’s stock after selling 95,633 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.20% of Elastic worth $18,043,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Massachusetts Financial Services Co. MA grew its stake in shares of Elastic by 5,437.6% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,288,128 shares of the company’s stock worth $203,872,000 after acquiring an additional 2,246,808 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Elastic by 6,651.3% during the 1st quarter. AQR Capital Management LLC now owns 1,403,859 shares of the company’s stock worth $122,978,000 after acquiring an additional 1,383,065 shares in the last quarter. RGM Capital LLC boosted its holdings in shares of Elastic by 38.1% in the 1st quarter. RGM Capital LLC now owns 1,197,030 shares of the company’s stock valued at $106,655,000 after buying an additional 330,290 shares during the last quarter. Driehaus Capital Management LLC boosted its holdings in shares of Elastic by 1,450.8% in the 1st quarter. Driehaus Capital Management LLC now owns 880,454 shares of the company’s stock valued at $78,448,000 after buying an additional 823,680 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Elastic by 32.6% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 616,133 shares of the company’s stock valued at $54,897,000 after buying an additional 151,551 shares during the last quarter. 97.03% of the stock is owned by institutional investors.

Insider Activity at Elastic

In other news, insider Ken Exner sold 6,290 shares of Elastic stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $90.12, for a total transaction of $566,854.80. Following the completion of the sale, the insider owned 233,582 shares of the company’s stock, valued at approximately $21,050,409.84. This trade represents a 2.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jane E. Bone sold 1,250 shares of Elastic stock in a transaction on Monday, October 13th. The stock was sold at an average price of $87.22, for a total value of $109,025.00. Following the sale, the chief accounting officer directly owned 37,633 shares of the company’s stock, valued at $3,282,350.26. This represents a 3.21% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 352,042 shares of company stock valued at $31,087,394. 12.70% of the stock is currently owned by insiders.

Elastic Trading Up 0.7%

Shares of Elastic stock opened at $81.14 on Monday. The business has a fifty day simple moving average of $83.73 and a two-hundred day simple moving average of $84.14. Elastic N.V. has a 1 year low of $70.14 and a 1 year high of $118.84. The company has a market capitalization of $8.62 billion, a price-to-earnings ratio of -101.43 and a beta of 1.05. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.09 and a quick ratio of 2.09.

Elastic (NYSE:ESTC) last announced its quarterly earnings results on Thursday, August 28th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.50). Elastic had a negative net margin of 5.38% and a negative return on equity of 1.68%. The business had revenue of $415.29 million for the quarter, compared to analyst estimates of $397.13 million. During the same period in the prior year, the business earned $0.35 EPS. The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. Elastic has set its FY 2026 guidance at 2.290-2.350 EPS. Q2 2026 guidance at 0.560-0.580 EPS. Research analysts forecast that Elastic N.V. will post -0.77 EPS for the current year.

Elastic announced that its board has authorized a share buyback program on Thursday, October 9th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Royal Bank Of Canada increased their price objective on Elastic from $106.00 to $125.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Morgan Stanley increased their price objective on Elastic from $115.00 to $120.00 and gave the company an “overweight” rating in a report on Friday, August 29th. UBS Group increased their price objective on Elastic from $95.00 to $125.00 and gave the company a “buy” rating in a report on Friday, August 29th. Canaccord Genuity Group increased their price objective on Elastic from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, August 29th. Finally, Wells Fargo & Company assumed coverage on Elastic in a report on Tuesday, September 30th. They issued an “equal weight” rating and a $90.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $119.00.

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.