GSA Capital Partners LLP Reduces Stock Position in Elastic N.V. $ESTC

GSA Capital Partners LLP lowered its stake in shares of Elastic N.V. (NYSE:ESTC) by 46.3% during the 4th quarter, HoldingsChannel reports. The fund owned 16,014 shares of the company’s stock after selling 13,824 shares during the period. GSA Capital Partners LLP’s holdings in Elastic were worth $1,208,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in ESTC. AQR Capital Management LLC lifted its position in shares of Elastic by 62.5% during the third quarter. AQR Capital Management LLC now owns 2,977,361 shares of the company’s stock worth $251,557,000 after acquiring an additional 1,145,146 shares in the last quarter. Alyeska Investment Group L.P. raised its position in shares of Elastic by 490.4% in the third quarter. Alyeska Investment Group L.P. now owns 1,113,503 shares of the company’s stock worth $94,080,000 after buying an additional 924,911 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Elastic by 7.4% in the third quarter. Vanguard Group Inc. now owns 10,206,204 shares of the company’s stock worth $862,322,000 after buying an additional 705,991 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Elastic by 305.9% in the second quarter. BNP Paribas Financial Markets now owns 832,353 shares of the company’s stock worth $70,192,000 after buying an additional 627,284 shares in the last quarter. Finally, Temasek Holdings Private Ltd raised its position in shares of Elastic by 107.7% in the third quarter. Temasek Holdings Private Ltd now owns 1,184,857 shares of the company’s stock worth $100,109,000 after buying an additional 614,302 shares in the last quarter. Hedge funds and other institutional investors own 97.03% of the company’s stock.

Elastic Price Performance

ESTC opened at $55.14 on Thursday. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $5.71 billion, a P/E ratio of -68.92, a PEG ratio of 67.77 and a beta of 0.88. The stock has a 50-day moving average price of $49.95 and a 200-day moving average price of $64.25. Elastic N.V. has a 12-month low of $42.05 and a 12-month high of $96.07.

Elastic (NYSE:ESTC) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.64 by $0.09. The firm had revenue of $449.88 million for the quarter, compared to analyst estimates of $438.37 million. Elastic had a negative return on equity of 2.34% and a negative net margin of 5.04%.The company’s revenue was up 17.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.63 EPS. Elastic has set its FY 2026 guidance at 2.500-2.540 EPS and its Q4 2026 guidance at 0.550-0.570 EPS. Equities analysts predict that Elastic N.V. will post 0.04 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on ESTC. Guggenheim lowered their price objective on Elastic from $116.00 to $106.00 and set a “buy” rating on the stock in a research report on Tuesday. Wells Fargo & Company lowered their price objective on Elastic from $75.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Friday, February 27th. Oppenheimer lowered their price objective on Elastic from $100.00 to $85.00 and set an “outperform” rating on the stock in a research report on Friday, February 27th. JPMorgan Chase & Co. lowered their price objective on Elastic from $113.00 to $98.00 and set an “overweight” rating on the stock in a research report on Friday, February 20th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Elastic in a research report on Wednesday, January 21st. Seventeen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.80.

Insider Activity

In other news, CRO Mark Eugene Dodds sold 3,723 shares of the 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 transaction, the executive directly owned 152,563 shares in the company, valued at approximately $7,975,993.64. This represents a 2.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $225,326.80. Following the transaction, the insider owned 222,728 shares in the company, valued at $11,644,219.84. This trade represents a 1.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 38,188 shares of company stock worth $1,996,469. 12.70% of the stock is currently owned by insiders.

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.