denkapparat Operations GmbH purchased a new stake in shares of Elastic N.V. (NYSE:ESTC – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 5,648 shares of the company’s stock, valued at approximately $322,000.
Other institutional investors also recently bought and sold shares of the company. AQR Capital Management LLC grew its position in shares of Elastic by 153.4% in the 4th quarter. AQR Capital Management LLC now owns 7,545,081 shares of the company’s stock worth $569,201,000 after buying an additional 4,567,720 shares during the period. First Trust Advisors LP boosted its stake in Elastic by 516.1% during the first quarter. First Trust Advisors LP now owns 2,627,636 shares of the company’s stock worth $131,356,000 after acquiring an additional 2,201,140 shares in the last quarter. Pictet Asset Management Holding SA grew its holdings in Elastic by 43.2% in the first quarter. Pictet Asset Management Holding SA now owns 6,492,717 shares of the company’s stock worth $324,550,000 after purchasing an additional 1,958,219 shares during the period. FIL Ltd lifted its holdings in shares of Elastic by 36.9% during the fourth quarter. FIL Ltd now owns 3,628,748 shares of the company’s stock valued at $273,753,000 after purchasing an additional 977,578 shares during the last quarter. Finally, Alyeska Investment Group L.P. increased its position in Elastic by 490.4% during 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. 97.03% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several research firms have commented on ESTC. Robert W. Baird boosted their target price on Elastic from $95.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, August 28th. Wedbush lowered their price target on Elastic from $74.00 to $65.00 and set an “outperform” rating for the company in a research report on Friday, May 29th. Morgan Stanley upped their price target on shares of Elastic from $66.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Friday, August 28th. Bank of America increased their price objective on shares of Elastic from $90.00 to $108.00 and gave the company a “neutral” rating in a research report on Friday, August 28th. Finally, Piper Sandler restated a “hold” rating on shares of Elastic in a research note on Friday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $94.12.
Insider Buying and Selling
In related news, CFO Navam Welihinda sold 12,961 shares of Elastic stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $60.61, for a total transaction of $785,566.21. Following the sale, the chief financial officer owned 209,254 shares of the company’s stock, valued at approximately $12,682,884.94. This trade represents a 5.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 business’s stock in a transaction on Tuesday, June 9th. The stock was 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 directly owned 628,752 shares in the company, valued at $38,108,658.72. This trade represents a 6.03% decrease in their position. 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. Insiders have sold a total of 600,573 shares of company stock worth $52,492,868 in the last three months. Corporate insiders own 12.70% of the company’s stock.
Elastic Price Performance
NYSE ESTC opened at $91.74 on Friday. Elastic N.V. has a 12 month low of $42.05 and a 12 month high of $108.00. The stock has a market cap of $9.63 billion, a price-to-earnings ratio of 25.70, a PEG ratio of 9.31 and a beta of 1.03. The company’s 50 day moving average is $71.88 and its two-hundred day moving average is $60.16. The company has a current ratio of 1.81, a quick ratio of 1.68 and a debt-to-equity ratio of 0.44.
Elastic (NYSE:ESTC – Get Free Report) last posted its quarterly earnings results on Thursday, August 27th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.12. The business had revenue of $478.11 million during the quarter, compared to analyst estimates of $469.75 million. Elastic had a net margin of 20.84% and a negative return on equity of 0.35%. The company’s revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.60 earnings per share. Elastic has set its FY 2027 guidance at 3.290-3.370 EPS and its Q2 2027 guidance at 0.800-0.820 EPS. As a group, research analysts anticipate that Elastic N.V. will post 0.56 earnings per share for the current year.
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.
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