Krilogy Financial LLC Takes Position in Elastic N.V. $ESTC

Krilogy Financial LLC bought a new stake in shares of Elastic N.V. (NYSE:ESTC) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 16,515 shares of the company’s stock, valued at approximately $1,437,000.

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

Elastic Stock Performance

Shares of ESTC opened at $60.32 on Friday. The company has a 50-day simple moving average of $72.21 and a two-hundred day simple moving average of $79.54. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.97 and a quick ratio of 1.97. The firm has a market capitalization of $6.36 billion, a PE ratio of -58.57, a price-to-earnings-growth ratio of 251.60 and a beta of 0.93. Elastic N.V. has a one year low of $56.69 and a one year high of $118.46.

Elastic (NYSE:ESTC) last released its earnings results 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 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 period in the prior year, the firm earned $0.59 EPS. The company’s revenue was up 15.9% compared to the same quarter last year. Elastic has set its Q3 2026 guidance at 0.630-0.65 EPS. On average, analysts anticipate that Elastic N.V. will post -0.77 EPS for the current fiscal year.

Insider Transactions at Elastic

In other news, CRO Mark Eugene Dodds sold 5,800 shares of the company’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $74.60, for a total transaction of $432,680.00. Following the completion of the sale, the executive owned 161,484 shares of the company’s stock, valued at $12,046,706.40. This represents a 3.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ashutosh Kulkarni sold 20,413 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $75.05, for a total transaction of $1,531,995.65. Following the sale, the chief executive officer directly owned 431,901 shares of the company’s stock, valued at approximately $32,414,170.05. This represents a 4.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 61,828 shares of company stock valued at $4,641,010. Insiders own 12.70% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on ESTC. Rosenblatt Securities cut their price target 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. Wells Fargo & Company dropped their target price on shares of Elastic from $90.00 to $75.00 and set an “equal weight” rating for the company in a report on Friday, November 21st. Bank of America reduced their price target on Elastic from $111.00 to $90.00 and set a “neutral” rating on the stock in a report on Friday, November 21st. JPMorgan Chase & Co. lowered their price target on Elastic from $120.00 to $113.00 and set an “overweight” rating for the company in a research report on Friday, November 21st. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Elastic in a research report on Wednesday, January 21st. Seventeen equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Elastic currently has an average 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.