180 Wealth Advisors LLC Cuts Stock Holdings in Elastic N.V. $ESTC

180 Wealth Advisors LLC trimmed its holdings in shares of Elastic N.V. (NYSE:ESTC) by 5.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 5,797 shares of the company’s stock after selling 352 shares during the period. 180 Wealth Advisors LLC’s holdings in Elastic were worth $489,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ESTC. GAMMA Investing LLC boosted its position in Elastic by 134.6% during the first quarter. GAMMA Investing LLC now owns 570 shares of the company’s stock valued at $51,000 after buying an additional 327 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new stake in Elastic during the first quarter valued at about $1,835,000. Janney Montgomery Scott LLC boosted its position in Elastic by 86.7% during the first quarter. Janney Montgomery Scott LLC now owns 3,803 shares of the company’s stock valued at $339,000 after buying an additional 1,766 shares during the period. Oppenheimer Asset Management Inc. purchased a new stake in Elastic during the first quarter valued at about $205,000. Finally, Perigon Wealth Management LLC boosted its position in Elastic by 16.9% during the first quarter. Perigon Wealth Management LLC now owns 5,725 shares of the company’s stock valued at $510,000 after buying an additional 828 shares during the period. 97.03% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Elastic news, insider Ken Exner sold 6,290 shares of the firm’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $90.12, for a total value of $566,854.80. Following the completion of the sale, the insider directly owned 233,582 shares in the company, valued at $21,050,409.84. This trade represents a 2.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Carolyn Herzog sold 5,143 shares of the firm’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $90.12, for a total transaction of $463,487.16. Following the transaction, the insider directly owned 94,677 shares of the company’s stock, valued at $8,532,291.24. This represents a 5.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 352,042 shares of company stock valued at $31,087,394 over the last ninety days. 12.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

ESTC has been the subject of several analyst reports. Piper Sandler upped their price target on shares of Elastic from $120.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. Citigroup reiterated a “buy” rating on shares of Elastic in a report on Friday, October 10th. DA Davidson began coverage on shares of Elastic in a report on Friday, August 29th. They set a “neutral” rating and a $105.00 target price for the company. Zacks Research lowered shares of Elastic from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 26th. Finally, Cowen reiterated a “hold” rating on shares of Elastic in a report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Elastic presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.00.

Elastic Stock Performance

Shares of ESTC opened at $88.00 on Friday. 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 N.V. has a one year low of $70.14 and a one year high of $118.84. The company has a 50-day simple moving average of $84.85 and a two-hundred day simple moving average of $84.41. The firm has a market capitalization of $9.35 billion, a PE ratio of -110.00 and a beta of 1.05.

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

Elastic declared that its Board of Directors has authorized a share buyback plan on Thursday, October 9th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

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.