Jackson Square Partners LLC Sells 9,041 Shares of Elastic N.V. $ESTC

Jackson Square Partners LLC decreased its stake in Elastic N.V. (NYSE:ESTC) by 22.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,034 shares of the company’s stock after selling 9,041 shares during the period. Jackson Square Partners LLC’s holdings in Elastic were worth $2,707,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its holdings in Elastic by 75.6% in the 3rd quarter. Smartleaf Asset Management LLC now owns 662 shares of the company’s stock valued at $58,000 after purchasing an additional 285 shares during the period. Savant Capital LLC lifted its stake in shares of Elastic by 0.9% in the third quarter. Savant Capital LLC now owns 103,651 shares of the company’s stock valued at $8,758,000 after buying an additional 943 shares during the period. Penserra Capital Management LLC lifted its stake in shares of Elastic by 43.4% in the third quarter. Penserra Capital Management LLC now owns 333,369 shares of the company’s stock valued at $28,166,000 after buying an additional 100,851 shares during the period. Jackson Creek Investment Advisors LLC acquired a new stake in Elastic during the third quarter worth about $1,377,000. Finally, Jones Financial Companies Lllp increased its stake in Elastic by 6.9% during the third quarter. Jones Financial Companies Lllp now owns 3,020 shares of the company’s stock valued at $260,000 after acquiring an additional 194 shares during the period. 97.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Elastic

In related news, CRO Mark Eugene Dodds sold 5,800 shares of Elastic stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $74.60, for a total value of $432,680.00. Following the completion of the transaction, the executive directly owned 161,484 shares of the company’s stock, valued at $12,046,706.40. The trade was a 3.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Ken Exner sold 6,544 shares of the company’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $75.05, for a total transaction of $491,127.20. Following the transaction, the insider owned 227,038 shares in the company, valued at approximately $17,039,201.90. This trade represents a 2.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 61,828 shares of company stock worth $4,641,010. 12.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ESTC. Jefferies Financial Group reduced their price objective on Elastic from $105.00 to $95.00 and set a “buy” rating for the company in a research report on Monday, January 5th. Barclays reduced their target price on Elastic from $107.00 to $100.00 and set an “overweight” rating for the company in a research report on Monday, January 12th. Scotiabank lowered their price target on shares of Elastic from $90.00 to $76.00 and set a “sector perform” rating on the stock in a report on Friday, November 21st. Morgan Stanley dropped their price objective on shares of Elastic from $120.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, November 21st. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Elastic in a report on Wednesday, January 21st. Seventeen research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Elastic currently has a consensus rating of “Moderate Buy” and an average target price of $104.88.

Elastic Price Performance

Shares of Elastic stock opened at $59.04 on Friday. The stock has a market capitalization of $6.22 billion, a price-to-earnings ratio of -57.32, a P/E/G ratio of 240.49 and a beta of 0.93. The firm’s 50-day moving average price is $73.10 and its two-hundred day moving average price is $80.23. 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 1-year low of $56.69 and a 1-year high of $118.84.

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