SG Americas Securities LLC boosted its stake in Elastic N.V. (NYSE:ESTC – Free Report) by 6,125.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 548,722 shares of the company’s stock after purchasing an additional 539,908 shares during the quarter. SG Americas Securities LLC’s holdings in Elastic were worth $27,431,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of ESTC. AQR Capital Management LLC raised its holdings in shares of Elastic by 153.4% during the fourth quarter. AQR Capital Management LLC now owns 7,545,081 shares of the company’s stock valued at $569,201,000 after purchasing an additional 4,567,720 shares during the period. FIL Ltd grew its stake in shares of Elastic by 36.9% in the 4th quarter. FIL Ltd now owns 3,628,748 shares of the company’s stock valued at $273,753,000 after buying an additional 977,578 shares during the period. Alyeska Investment Group L.P. increased its position in Elastic by 490.4% in the 3rd quarter. Alyeska Investment Group L.P. now owns 1,113,503 shares of the company’s stock valued at $94,080,000 after buying an additional 924,911 shares in the last quarter. Goldentree Asset Management LP bought a new stake in Elastic in the 4th quarter valued at about $49,323,000. Finally, BNP Paribas Financial Markets raised its stake in Elastic by 305.9% during the 2nd quarter. BNP Paribas Financial Markets now owns 832,353 shares of the company’s stock worth $70,192,000 after buying an additional 627,284 shares during the period. 97.03% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on ESTC. Wells Fargo & Company cut their price target on Elastic from $75.00 to $60.00 and set an “equal weight” rating on the stock in a report on Friday, February 27th. Canaccord Genuity Group lowered their target price on Elastic from $90.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday, May 29th. DA Davidson cut their target price on Elastic from $65.00 to $60.00 and set a “neutral” rating on the stock in a report on Friday, May 29th. Royal Bank Of Canada reduced their price target on shares of Elastic from $80.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, April 16th. Finally, Rosenblatt Securities restated a “buy” rating and set a $110.00 price objective on shares of Elastic in a report on Tuesday, May 26th. Eighteen research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $80.04.
Insider Activity
In other Elastic news, insider Ken Exner sold 18,449 shares of Elastic stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $60.61, for a total transaction of $1,118,193.89. Following the transaction, the insider directly owned 360,037 shares of the company’s stock, valued at $21,821,842.57. The trade was a 4.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CRO Mark Eugene Dodds sold 18,439 shares of the company’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $60.61, for a total transaction of $1,117,587.79. Following the completion of the sale, the executive directly owned 298,211 shares of the company’s stock, valued at $18,074,568.71. The trade was a 5.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 110,099 shares of company stock worth $6,673,100. Company insiders own 12.70% of the company’s stock.
Elastic Stock Performance
Shares of Elastic stock opened at $58.71 on Thursday. The company has a market cap of $6.10 billion, a PE ratio of 16.77, a price-to-earnings-growth ratio of 15.16 and a beta of 1.00. Elastic N.V. has a 52 week low of $42.05 and a 52 week high of $96.07. The business has a 50 day moving average price of $54.62 and a 200-day moving average price of $60.36. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.45.
Elastic (NYSE:ESTC – Get Free Report) last announced its earnings results on Thursday, May 28th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.05. Elastic had a negative return on equity of 1.82% and a net margin of 21.14%.The company had revenue of $450.68 million for the quarter, compared to analysts’ expectations of $446.66 million. During the same quarter in the previous year, the firm earned $0.47 earnings per share. Elastic’s quarterly revenue was up 16.0% on a year-over-year basis. Elastic has set its FY 2027 guidance at 3.210-3.290 EPS and its Q1 2027 guidance at 0.570-0.590 EPS. Equities analysts anticipate that Elastic N.V. will post 0.23 earnings per share for the current fiscal year.
Elastic Company Profile
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.
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