Styrax Capital LP Makes New $29.74 Million Investment in Elastic N.V. $ESTC

Posted by Francis Steltz on Jun 17th, 2026

Styrax Capital LP purchased a new position in shares of Elastic N.V. (NYSE:ESTC – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 394,225 shares of the company’s stock, valued at approximately $29,740,000. Elastic accounts for 2.3% of Styrax Capital LP’s investment portfolio, making the stock its 13th biggest position.

Other large investors also recently bought and sold shares of the company. J. Safra Sarasin Holding AG increased its holdings in Elastic by 43.0% during the 4th quarter. J. Safra Sarasin Holding AG now owns 189,138 shares of the company’s stock worth $14,269,000 after purchasing an additional 56,892 shares during the period. Cinctive Capital Management LP purchased a new position in shares of Elastic in the 3rd quarter valued at about $13,608,000. Thematics Asset Management increased its holdings in shares of Elastic by 10.2% in the 3rd quarter. Thematics Asset Management now owns 523,283 shares of the company’s stock valued at $44,212,000 after acquiring an additional 48,346 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Elastic by 50.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 891,279 shares of the company’s stock valued at $75,304,000 after acquiring an additional 300,264 shares during the last quarter. Finally, Citigroup Inc. increased its holdings in shares of Elastic by 89.0% in the 3rd quarter. Citigroup Inc. now owns 89,357 shares of the company’s stock valued at $7,550,000 after acquiring an additional 42,087 shares during the last quarter. Hedge funds and other institutional investors own 97.03% of the company’s stock.

Elastic Stock Down 3.4%

Elastic stock opened at $60.21 on Wednesday. Elastic N.V. has a twelve month low of $42.05 and a twelve month high of $96.07. The stock has a 50 day moving average of $53.22 and a two-hundred day moving average of $60.92. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $6.26 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 20.60 and a beta of 1.00.

Elastic (NYSE:ESTC – Get Free Report) last posted its quarterly earnings data on Thursday, May 28th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $446.66 million. During the same period last year, the firm earned $0.47 EPS. The firm’s revenue for the quarter 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. As a group, research analysts expect that Elastic N.V. will post 0.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ESTC shares. Stifel Nicolaus set a $65.00 price objective on Elastic in a report on Friday, May 29th. TD Cowen dropped their price objective on Elastic from $65.00 to $60.00 and set a “hold” rating on the stock in a report on Tuesday, May 26th. Wolfe Research set a $55.00 price objective on Elastic in a report on Friday, May 29th. Wells Fargo & Company dropped their price objective on Elastic from $75.00 to $60.00 and set an “equal weight” rating on the stock in a report on Friday, February 27th. Finally, Zacks Research downgraded Elastic from a “hold” rating to a “strong sell” rating in a report on Thursday, May 28th. Eighteen investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Elastic presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.04.

Read Our Latest Stock Analysis on Elastic

Insiders Place Their Bets

In other news, CAO Jane E. Bone sold 1,104 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $60.61, for a total value of $66,913.44. Following the completion of the sale, the chief accounting officer directly owned 53,415 shares of the company’s stock, valued at $3,237,483.15. This trade represents a 2.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Ken Exner sold 18,449 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $60.61, for a total value of $1,118,193.89. Following the completion of the sale, the insider directly owned 360,037 shares of the company’s stock, valued at $21,821,842.57. This represents a 4.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Corporate insiders own 12.70% of the company’s stock.

Elastic Company Profile

(Free Report)

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.