Elastic N.V. $ESTC Shares Acquired by Blue Zone Wealth Advisors LLC

Blue Zone Wealth Advisors LLC lifted its holdings in shares of Elastic N.V. (NYSE:ESTC) by 7.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 55,230 shares of the company’s stock after acquiring an additional 3,846 shares during the period. Blue Zone Wealth Advisors LLC’s holdings in Elastic were worth $4,658,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its holdings in Elastic by 21.6% in the second quarter. IFP Advisors Inc now owns 2,946 shares of the company’s stock valued at $248,000 after acquiring an additional 523 shares during the last quarter. Vontobel Holding Ltd. purchased a new position in Elastic in the second quarter valued at about $1,210,000. Slow Capital Inc. raised its position in Elastic by 4.5% in the second quarter. Slow Capital Inc. now owns 51,373 shares of the company’s stock valued at $4,332,000 after purchasing an additional 2,222 shares during the period. KLP Kapitalforvaltning AS raised its position in Elastic by 3.9% in the second quarter. KLP Kapitalforvaltning AS now owns 18,600 shares of the company’s stock valued at $1,569,000 after purchasing an additional 700 shares during the period. Finally, Vanderbilt University raised its position in Elastic by 12.2% in the second quarter. Vanderbilt University now owns 65,485 shares of the company’s stock valued at $5,522,000 after purchasing an additional 7,113 shares during the period. Institutional investors and hedge funds own 97.03% of the company’s stock.

Elastic Stock Up 6.1%

Shares of NYSE ESTC opened at $86.52 on Friday. Elastic N.V. has a 1 year low of $70.14 and a 1 year high of $118.84. The firm has a market cap of $9.19 billion, a price-to-earnings ratio of -108.15 and a beta of 1.05. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.09 and a current ratio of 2.09. The stock’s 50-day simple moving average is $83.40 and its 200-day simple moving average is $84.58.

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

Elastic declared that its Board of Directors has approved a share buyback plan on Thursday, October 9th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Transactions at Elastic

In related news, CRO Mark Eugene Dodds sold 5,037 shares of the business’s stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $90.12, for a total value of $453,934.44. Following the completion of the sale, the executive directly owned 167,284 shares of the company’s stock, valued at $15,075,634.08. The trade was a 2.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ashutosh Kulkarni sold 5,000 shares of Elastic stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $88.12, for a total value of $440,600.00. Following the completion of the transaction, the chief executive officer owned 452,314 shares of the company’s stock, valued at approximately $39,857,909.68. The trade was a 1.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 350,792 shares of company stock valued at $30,978,369 over the last 90 days. Corporate insiders own 12.70% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Robert W. Baird raised their price objective on Elastic from $120.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday. Needham & Company LLC reissued a “hold” rating on shares of Elastic in a research report on Friday. Stifel Nicolaus raised their price objective on Elastic from $112.00 to $134.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Zacks Research lowered Elastic from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 26th. Finally, Scotiabank set a $90.00 price objective on Elastic and gave the company a “sector perform” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, nineteen 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.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $119.00.

About Elastic

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.