16,300 Shares in Elastic N.V. $ESTC Acquired by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC acquired a new stake in shares of Elastic N.V. (NYSE:ESTC) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 16,300 shares of the company’s stock, valued at approximately $1,377,000.

Several other hedge funds also recently bought and sold shares of ESTC. Geneos Wealth Management Inc. purchased a new stake in shares of Elastic during the second quarter valued at $31,000. Huntington National Bank lifted its holdings in Elastic by 97.5% during the 2nd quarter. Huntington National Bank now owns 468 shares of the company’s stock valued at $39,000 after buying an additional 231 shares in the last quarter. Plato Investment Management Ltd bought a new stake in Elastic during the 2nd quarter valued at about $40,000. Promus Capital LLC bought a new position in Elastic in the 2nd quarter worth about $45,000. Finally, True Wealth Design LLC grew its stake in Elastic by 391.2% in the 3rd quarter. True Wealth Design LLC now owns 673 shares of the company’s stock worth $57,000 after acquiring an additional 536 shares in the last quarter. Institutional investors own 97.03% of the company’s stock.

Elastic Trading Down 0.7%

Shares of NYSE:ESTC opened at $65.44 on Tuesday. The company has a market capitalization of $6.90 billion, a PE ratio of -63.53, a P/E/G ratio of 268.19 and a beta of 0.93. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.64. Elastic N.V. has a 12-month low of $64.28 and a 12-month high of $118.84. The business’s fifty day simple moving average is $73.97 and its 200-day simple moving average is $80.96.

Elastic (NYSE:ESTC) last issued its quarterly earnings data on Thursday, November 20th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.06. Elastic had a negative return on equity of 2.02% and a negative net margin of 6.79%.The firm had revenue of $423.48 million during the quarter, compared to analysts’ expectations of $418.27 million. During the same period in the prior year, the business posted $0.59 EPS. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. Elastic has set its Q3 2026 guidance at 0.630-0.65 EPS. As a group, equities research analysts predict that Elastic N.V. will post -0.77 earnings per share for the current fiscal year.

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

Insider Transactions at Elastic

In other news, Director Paul R. Auvil III purchased 10,000 shares of the business’s stock in a transaction on Monday, December 1st. The shares were acquired at an average cost of $71.02 per share, with a total value of $710,200.00. Following the completion of the acquisition, the director owned 37,956 shares of the company’s stock, valued at $2,695,635.12. This trade represents a 35.77% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Ken Exner sold 6,544 shares of the company’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $75.05, for a total value of $491,127.20. Following the transaction, the insider directly owned 227,038 shares in the company, valued at approximately $17,039,201.90. The trade was a 2.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 61,828 shares of company stock worth $4,641,010. 12.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on ESTC. Wells Fargo & Company reduced their target price on shares of Elastic from $90.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Friday, November 21st. Wall Street Zen upgraded Elastic from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. Piper Sandler lowered their target price on Elastic from $125.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, November 21st. Citigroup dropped their price target on Elastic from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, November 24th. Finally, UBS Group cut their price target on Elastic from $125.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, November 21st. Seventeen analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.88.

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.