11,904 Shares of Elastic N.V. $ESTC Bought by Mirae Asset Global Investments Co. Ltd.

Posted by Brian Himes on Nov 9th, 2026

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Elastic N.V. (NYSE:ESTC – Free Report) during the third quarter, Holdings Channel.com reports. The fund purchased 11,904 shares of the company’s stock, valued at approximately $1,092,000.

Other hedge funds have also recently modified their holdings of the company. Vise Technologies Inc. purchased a new position in shares of Elastic in the 3rd quarter valued at approximately $262,000. Americana Partners LLC acquired a new stake in Elastic in the 3rd quarter worth approximately $228,000. Modera Wealth Management LLC purchased a new stake in Elastic during the 3rd quarter worth approximately $321,000. VIRGINIA RETIREMENT SYSTEMS ET Al grew its position in Elastic by 1.8% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 5,700 shares of the company’s stock worth $523,000 after purchasing an additional 100 shares during the last quarter. Finally, Parcion Private Wealth LLC purchased a new stake in Elastic during the 3rd quarter worth approximately $399,000. Institutional investors and hedge funds own 97.03% of the company’s stock.

Elastic Trading Down 0.1%

Shares of NYSE:ESTC opened at $85.96 on Monday. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.44. Elastic N.V. has a 12-month low of $42.05 and a 12-month high of $108.00. The business has a 50 day moving average of $92.84 and a two-hundred day moving average of $67.87. The company has a market capitalization of $9.03 billion, a PE ratio of 24.08, a PEG ratio of 7.23 and a beta of 0.97.

Elastic (NYSE:ESTC – Get Free Report) last issued its quarterly earnings data on Thursday, August 27th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.12. The business had revenue of $478.11 million for the quarter, compared to analysts’ expectations of $469.75 million. Elastic had a net margin of 20.84% and a negative return on equity of 0.35%. The business’s revenue was up 15.2% on a year-over-year basis. During the same quarter last year, the company earned $0.60 EPS. 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, analysts forecast that Elastic N.V. will post 0.65 EPS for the current year.

Insider Activity

In related news, insider Carolyn Herzog sold 5,485 shares of Elastic stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $87.78, for a total value of $481,473.30. Following the completion of the transaction, the insider owned 112,954 shares in the company, valued at $9,915,102.12. The trade was a 4.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Shay Banon sold 84,207 shares of Elastic stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $84.64, for a total value of $7,127,280.48. Following the completion of the transaction, the chief technology officer owned 3,910,563 shares of the company’s stock, valued at approximately $330,990,052.32. This represents a 2.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 4,585,641 shares of company stock valued at $422,851,366 in the last three months. Corporate insiders own 12.70% of the company’s stock.

Analysts Set New Price Targets

ESTC has been the subject of a number of research analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $83.00 price target on shares of Elastic in a report on Wednesday, August 26th. UBS Group boosted their price objective on shares of Elastic from $85.00 to $105.00 and gave the company a “buy” rating in a report on Friday, August 28th. Citigroup upped their target price on Elastic from $104.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, August 28th. Bank of America raised their target price on Elastic from $90.00 to $108.00 and gave the stock a “neutral” rating in a research note on Friday, August 28th. Finally, Yorkville Ives assumed coverage on Elastic in a research report on Monday, October 5th. They set an “outperform” rating and a $115.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat, Elastic has an average rating of “Moderate Buy” and an average target price of $98.56.

Get Our Latest Analysis on Elastic

Elastic Company Profile

(Free Report)

Elastic N.V. develops software for search, observability and security. Its products help organizations search and analyze data, monitor applications and infrastructure, and detect and respond to cybersecurity threats.

The company’s offerings include the Elastic Stack—built around Elasticsearch and including Kibana, Logstash and Beats—as well as cloud-based services through Elastic Cloud. These tools can be used to work with data from a range of sources and support applications such as enterprise search, log analytics and security monitoring.

Founded in 2012, Elastic grew from the open-source Elasticsearch project, first released in 2010.