ING Groep NV Increases Stake in Elastic N.V. $ESTC

ING Groep NV boosted its stake in Elastic N.V. (NYSE:ESTC) by 37.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 369,100 shares of the company’s stock after purchasing an additional 100,700 shares during the quarter. ING Groep NV’s holdings in Elastic were worth $31,185,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Focus Partners Wealth acquired a new position in shares of Elastic in the 1st quarter valued at $494,000. Janney Montgomery Scott LLC raised its position in shares of Elastic by 5.1% in the 2nd quarter. Janney Montgomery Scott LLC now owns 3,997 shares of the company’s stock worth $337,000 after buying an additional 194 shares during the period. Truist Financial Corp boosted its holdings in Elastic by 11.4% in the second quarter. Truist Financial Corp now owns 7,616 shares of the company’s stock valued at $642,000 after acquiring an additional 781 shares during the last quarter. KLP Kapitalforvaltning AS grew its position in Elastic by 3.9% during the second quarter. KLP Kapitalforvaltning AS now owns 18,600 shares of the company’s stock valued at $1,569,000 after acquiring an additional 700 shares during the period. Finally, IFP Advisors Inc grew its position in Elastic by 21.6% during the second quarter. IFP Advisors Inc now owns 2,946 shares of the company’s stock valued at $248,000 after acquiring an additional 523 shares during the period. Institutional investors and hedge funds own 97.03% of the company’s stock.

Insider Buying and Selling at Elastic

In related news, CAO Jane E. Bone sold 1,187 shares of the business’s stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $80.31, for a total value of $95,327.97. Following the transaction, the chief accounting officer owned 43,171 shares in the company, valued at approximately $3,467,063.01. The trade was a 2.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ashutosh Kulkarni sold 5,000 shares of the stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $74.60, for a total value of $373,000.00. Following the completion of the transaction, the chief executive officer directly owned 426,901 shares of the company’s stock, valued at $31,846,814.60. This represents a 1.16% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 61,828 shares of company stock valued at $4,641,010. Company insiders own 12.70% of the company’s stock.

Elastic Trading Up 3.5%

NYSE ESTC opened at $63.47 on Wednesday. The stock has a market cap of $6.69 billion, a P/E ratio of -61.62, a PEG ratio of 249.48 and a beta of 0.93. The company’s fifty day simple moving average is $72.73 and its 200-day simple moving average is $79.80. 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 52 week low of $56.69 and a 52 week high of $118.46.

Elastic (NYSE:ESTC) last released its quarterly earnings results on Thursday, November 20th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.06. Elastic had a negative net margin of 6.79% and a negative return on equity of 2.02%. The firm had revenue of $423.48 million for the quarter, compared to the consensus estimate of $418.27 million. During the same quarter in the previous year, the firm 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. Equities research analysts predict that Elastic N.V. will post -0.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ESTC shares. Royal Bank Of Canada cut their price objective on Elastic from $115.00 to $95.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. Scotiabank cut 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. Monness Crespi & Hardt downgraded shares of Elastic from a “buy” rating to a “neutral” rating in a research note on Friday, November 21st. Wells Fargo & Company cut 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 note on Friday, November 21st. Finally, Rosenblatt Securities reduced their target price on shares of Elastic from $130.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, January 30th. Seventeen research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Elastic currently has a consensus rating of “Moderate Buy” and an average price target of $104.88.

Elastic Profile

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.