Clearline Capital LP Acquires 43,350 Shares of Elastic N.V. $ESTC

Posted by George Bondi on Jun 18th, 2026

Clearline Capital LP lifted its holdings in Elastic N.V. (NYSE:ESTC – Free Report) by 224.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,650 shares of the company’s stock after purchasing an additional 43,350 shares during the quarter. Clearline Capital LP’s holdings in Elastic were worth $4,726,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Sound Income Strategies LLC bought a new stake in shares of Elastic in the fourth quarter worth $25,000. Geneos Wealth Management Inc. bought a new stake in shares of Elastic in the second quarter worth $31,000. Activest Wealth Management lifted its position in shares of Elastic by 3,181.3% in the fourth quarter. Activest Wealth Management now owns 525 shares of the company’s stock worth $40,000 after purchasing an additional 509 shares in the last quarter. Aster Capital Management DIFC Ltd lifted its position in shares of Elastic by 206.1% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 551 shares of the company’s stock worth $42,000 after purchasing an additional 371 shares in the last quarter. Finally, Quarry LP lifted its position in shares of Elastic by 16,200.0% in the fourth quarter. Quarry LP now owns 652 shares of the company’s stock worth $49,000 after purchasing an additional 648 shares in the last quarter. Institutional investors own 97.03% of the company’s stock.

Insider Transactions at Elastic

In other Elastic news, CRO Mark Eugene Dodds sold 18,439 shares of the company’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $60.61, for a total value of $1,117,587.79. Following the transaction, the executive directly owned 298,211 shares in the company, valued at $18,074,568.71. The trade was a 5.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Ashutosh Kulkarni sold 40,373 shares of the company’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $60.61, for a total transaction of $2,447,007.53. Following the completion of the transaction, the chief executive officer owned 628,752 shares in the company, valued at approximately $38,108,658.72. This represents a 6.03% 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 90 days, insiders sold 110,099 shares of company stock valued at $6,673,100. Corporate insiders own 12.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ESTC shares. Wedbush lowered their target price on shares of Elastic from $74.00 to $65.00 and set an “outperform” rating on the stock in a report on Friday, May 29th. Zacks Research downgraded shares of Elastic from a “hold” rating to a “strong sell” rating in a report on Thursday, May 28th. Weiss Ratings upgraded shares of Elastic from a “sell (e+)” rating to a “sell (d+)” rating in a report on Tuesday, June 9th. Guggenheim lowered their target price on shares of Elastic from $116.00 to $106.00 and set a “buy” rating on the stock in a report on Tuesday, May 19th. Finally, TD Cowen lowered their target price on shares of Elastic from $65.00 to $60.00 and set a “hold” rating on the stock in a report on Tuesday, May 26th. Eighteen investment 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $80.04.

Check Out Our Latest Report on ESTC

Elastic Price Performance

NYSE:ESTC opened at $58.50 on Thursday. Elastic N.V. has a one year low of $42.05 and a one year high of $96.07. The company has a market cap of $6.08 billion, a P/E ratio of 16.71, a P/E/G ratio of 19.87 and a beta of 1.00. The firm’s fifty day moving average price is $53.38 and its two-hundred day moving average price is $60.84. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.68 and a quick ratio of 1.68.

Elastic (NYSE:ESTC – Get Free Report) last released its quarterly earnings data on Thursday, May 28th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.56 by $0.05. Elastic had a net margin of 21.14% and a negative return on equity of 1.82%. The firm had revenue of $450.68 million for the quarter, compared to the consensus estimate of $446.66 million. During the same period in the previous year, the company earned $0.47 earnings per share. The company’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 expect that Elastic N.V. will post 0.18 earnings per share for the current year.

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.