Elastic N.V. $ESTC Stock Holdings Lifted by Cwm LLC

Cwm LLC lifted its holdings in Elastic N.V. (NYSE:ESTC) by 94.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 246,264 shares of the company’s stock after buying an additional 119,354 shares during the quarter. Cwm LLC’s holdings in Elastic were worth $18,578,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of ESTC. Sound Income Strategies LLC bought a new position in shares of Elastic in the 4th quarter worth about $25,000. Geneos Wealth Management Inc. bought a new stake in Elastic in the 2nd quarter valued at about $31,000. True Wealth Design LLC lifted its position in Elastic by 391.2% in the 3rd quarter. True Wealth Design LLC now owns 673 shares of the company’s stock valued at $57,000 after purchasing an additional 536 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in Elastic by 75.6% in the 3rd quarter. Smartleaf Asset Management LLC now owns 662 shares of the company’s stock valued at $58,000 after purchasing an additional 285 shares during the last quarter. Finally, Larson Financial Group LLC lifted its position in Elastic by 1,347.1% in the 3rd quarter. Larson Financial Group LLC now owns 738 shares of the company’s stock valued at $62,000 after purchasing an additional 687 shares during the last quarter. 97.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ESTC. Oppenheimer cut their price objective on shares of Elastic from $100.00 to $85.00 and set an “outperform” rating on the stock in a research report on Friday, February 27th. Jefferies Financial Group cut their price objective on shares of Elastic from $105.00 to $95.00 and set a “buy” rating on the stock in a research report on Monday, January 5th. Truist Financial cut their price objective on shares of Elastic from $105.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Rosenblatt Securities cut their price objective on shares of Elastic from $130.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. Finally, Canaccord Genuity Group dropped their price target on shares of Elastic from $115.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Seventeen analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Elastic has an average rating of “Moderate Buy” and a consensus price target of $94.21.

Elastic Stock Down 0.2%

ESTC stock opened at $47.54 on Friday. Elastic N.V. has a 52 week low of $42.05 and a 52 week high of $96.07. The company has a market capitalization of $4.92 billion, a price-to-earnings ratio of -59.43, a price-to-earnings-growth ratio of 61.23 and a beta of 1.03. The firm’s 50-day moving average is $53.30 and its two-hundred day moving average is $69.67. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.72.

Elastic (NYSE:ESTC) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.09. Elastic had a negative net margin of 5.04% and a negative return on equity of 2.34%. The company had revenue of $449.88 million for the quarter, compared to the consensus estimate of $438.37 million. During the same period in the previous year, the firm earned $0.63 EPS. Elastic’s revenue was up 17.7% on a year-over-year basis. Elastic has set its FY 2026 guidance at 2.500-2.540 EPS and its Q4 2026 guidance at 0.550-0.570 EPS. On average, analysts forecast that Elastic N.V. will post -0.77 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Ken Exner sold 4,310 shares of Elastic stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $52.28, for a total value of $225,326.80. Following the transaction, the insider owned 222,728 shares of the company’s stock, valued at $11,644,219.84. The trade was a 1.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CTO Shay Banon sold 4,283 shares of Elastic stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $52.28, for a total transaction of $223,915.24. Following the completion of the transaction, the chief technology officer directly owned 4,354,945 shares in the company, valued at $227,676,524.60. This represents a 0.10% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 38,188 shares of company stock worth $1,996,469. 12.70% of the stock is owned by insiders.

About Elastic

Elastic N.V. operates as a search and analytics company, offering a suite of open source and subscription-based solutions for search, observability and security use cases. Its flagship product, Elasticsearch, enables fast and scalable full-text search and analytics across large volumes of structured and unstructured data. Complementary tools such as Kibana provide visualization capabilities, while Beats and Logstash serve as lightweight data shippers and data processing pipelines, respectively.

The company was founded in 2012 by Shay Banon, who serves as chief technology officer, and Steven Schuurman.