Elastic N.V. $ESTC Shares Sold by Savant Capital LLC

Savant Capital LLC reduced its stake in Elastic N.V. (NYSE:ESTC) by 28.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,614 shares of the company’s stock after selling 29,037 shares during the period. Savant Capital LLC’s holdings in Elastic were worth $5,629,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Baker Avenue Asset Management LP acquired a new stake in Elastic in the 4th quarter valued at $296,000. Geode Capital Management LLC boosted its position in Elastic by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 1,724,508 shares of the company’s stock valued at $130,124,000 after buying an additional 49,198 shares during the last quarter. Clearstead Advisors LLC boosted its position in Elastic by 319.5% in the 4th quarter. Clearstead Advisors LLC now owns 5,412 shares of the company’s stock valued at $408,000 after buying an additional 4,122 shares during the last quarter. Legal & General Group Plc boosted its position in Elastic by 15.6% in the 4th quarter. Legal & General Group Plc now owns 396,595 shares of the company’s stock valued at $29,919,000 after buying an additional 53,523 shares during the last quarter. Finally, Prospera Financial Services Inc purchased a new position in Elastic in the 4th quarter valued at about $210,000. 97.03% of the stock is currently owned by institutional investors and hedge funds.

Elastic Stock Performance

Shares of ESTC stock opened at $64.82 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.82 and a current ratio of 1.82. Elastic N.V. has a one year low of $42.05 and a one year high of $96.07. The company’s 50-day simple moving average is $50.38 and its 200-day simple moving average is $62.83. The stock has a market capitalization of $6.71 billion, a price-to-earnings ratio of 18.52, a PEG ratio of 122.43 and a beta of 0.88.

Elastic (NYSE:ESTC) last issued its quarterly earnings results on Thursday, May 28th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.56 by $0.05. Elastic had a net margin of 21.14% and a negative return on equity of 2.02%. The business had revenue of $450.68 million for the quarter, compared to analysts’ expectations of $446.66 million. During the same quarter last year, the company posted $0.47 earnings per share. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. Elastic has set its FY 2027 guidance at 3.210-3.290 EPS and its Q1 2027 guidance at 0.570-0.590 EPS. Equities analysts anticipate that Elastic N.V. will post 0.02 earnings per share for the current fiscal year.

Elastic News Summary

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Elastic beat fiscal Q4 expectations, reporting EPS of $0.61 versus $0.56 expected and revenue of $450.7 million versus $446.7 million expected, with revenue up 16% year over year. Elastic Reports Fourth Quarter and Fiscal 2026 Financial Results
• Positive Sentiment: The company also issued first-quarter and full-year guidance above consensus for EPS, suggesting management sees continued earnings momentum. Elastic Reports Fourth Quarter and Fiscal 2026 Financial Results
• Positive Sentiment: Wall Street remains broadly constructive: Citigroup raised its price target to $104, and other firms like Jefferies, Canaccord, Oppenheimer, and Barclays still have buy/outperform-style ratings even after trimming targets. Analyst target updates
• Neutral Sentiment: Several analysts cut price targets after the report, including Barclays, Jefferies, Canaccord Genuity, Wedbush, and Oppenheimer, which signals some valuation caution rather than a thesis change. Analyst target updates
• Neutral Sentiment: Some investors may also be focusing on management’s fiscal 2027 outlook implying mid-teens revenue growth, which is still healthy but may look slower than the market hoped for after a strong quarter. Elastic shares fall 3.2% as investors digest Q4 results and fiscal 2027 outlook
• Negative Sentiment: Despite the beat, the stock has been volatile because investors were disappointed by the initial post-earnings reaction and are weighing strong growth against the company’s still-negative margins. Elastic N.V. (ESTC) Stock Falls on Q4 2026 Earnings

Insider Buying and Selling at Elastic

In other news, insider Ken Exner sold 4,310 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $52.28, for a total transaction of $225,326.80. Following the transaction, the insider owned 222,728 shares of the company’s stock, valued at approximately $11,644,219.84. This trade represents a 1.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CRO Mark Eugene Dodds sold 3,723 shares of the firm’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $52.28, for a total transaction of $194,638.44. Following the completion of the transaction, the executive directly owned 152,563 shares in the company, valued at $7,975,993.64. This represents a 2.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 38,188 shares of company stock valued at $1,996,469. Corporate insiders own 12.70% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on ESTC. Oppenheimer decreased their price objective on shares of Elastic from $85.00 to $75.00 and set an “outperform” rating for the company in a research report on Friday. Stifel Nicolaus set a $65.00 price objective on shares of Elastic in a research report on Friday. William Blair began coverage on shares of Elastic in a research report on Friday, May 22nd. They issued an “outperform” rating for the company. Rothschild & Co Redburn began coverage on shares of Elastic in a research report on Thursday, April 23rd. They issued a “neutral” rating and a $49.00 price objective for the company. Finally, Citigroup upped their price objective on shares of Elastic from $95.00 to $104.00 and gave the company a “buy” rating in a research report on Friday. Eighteen equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Elastic currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.04.

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.