Elastic N.V. $ESTC Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP increased its holdings in shares of Elastic N.V. (NYSE:ESTC) by 13.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 468,884 shares of the company’s stock after buying an additional 57,191 shares during the quarter. Quantinno Capital Management LP’s holdings in Elastic were worth $23,440,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Sound Income Strategies LLC purchased a new stake in shares of Elastic during the fourth quarter worth about $25,000. Geneos Wealth Management Inc. purchased a new position in shares of Elastic in the 2nd quarter valued at approximately $31,000. Bessemer Group Inc. purchased a new position in shares of Elastic in the 1st quarter valued at approximately $25,000. Activest Wealth Management boosted its stake in Elastic by 3,181.2% in the 4th quarter. Activest Wealth Management now owns 525 shares of the company’s stock worth $40,000 after purchasing an additional 509 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd grew its position in Elastic by 206.1% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 551 shares of the company’s stock worth $42,000 after purchasing an additional 371 shares during the last quarter. 97.03% of the stock is owned by institutional investors and hedge funds.

Elastic Stock Up 2.4%

ESTC stock opened at $65.80 on Friday. The firm’s fifty day simple moving average is $60.32 and its 200-day simple moving average is $57.44. The company has a market capitalization of $6.84 billion, a P/E ratio of 18.80, a price-to-earnings-growth ratio of 14.89 and a beta of 1.00. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.68 and a quick ratio of 1.68. Elastic N.V. has a 12 month low of $42.05 and a 12 month high of $96.07.

Elastic (NYSE:ESTC) last released its quarterly earnings data on Thursday, May 28th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.05. Elastic had a net margin of 21.14% and a negative return on equity of 1.82%. The firm had revenue of $450.68 million for the quarter, compared to analyst estimates of $446.66 million. During the same quarter in the prior year, the business earned $0.47 earnings per share. The business’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. As a group, equities research analysts forecast that Elastic N.V. will post 0.26 earnings per share for the current year.

Insider Activity at Elastic

In other Elastic news, CRO Mark Eugene Dodds sold 18,439 shares of Elastic stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $60.61, for a total transaction of $1,117,587.79. Following the completion of the transaction, the executive owned 298,211 shares in the company, valued at approximately $18,074,568.71. This trade represents a 5.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Jane E. Bone sold 1,104 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $60.61, for a total value of $66,913.44. Following the completion of the transaction, the chief accounting officer directly owned 53,415 shares of the company’s stock, valued at approximately $3,237,483.15. This trade represents a 2.02% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 110,099 shares of company stock worth $6,673,100 in the last three months. Company insiders own 12.70% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ESTC shares. William Blair initiated coverage on shares of Elastic in a research note on Friday, May 22nd. They set an “outperform” rating for the company. Wedbush cut their target price on Elastic from $74.00 to $65.00 and set an “outperform” rating on the stock in a research report on Friday, May 29th. Rothschild & Co Redburn started coverage on Elastic in a research note on Thursday, April 23rd. They issued a “neutral” rating and a $49.00 target price for the company. Royal Bank Of Canada lowered their price target on Elastic from $80.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, April 16th. Finally, Jefferies Financial Group dropped their price target on Elastic from $95.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, May 29th. Seventeen equities research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $78.78.

Elastic Company 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.