Ieq Capital LLC Raises Position in Elastic N.V. $ESTC

Ieq Capital LLC raised its holdings in shares of Elastic N.V. (NYSE:ESTC) by 164.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 464,414 shares of the company’s stock after acquiring an additional 289,128 shares during the quarter. Ieq Capital LLC’s holdings in Elastic were worth $35,035,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of ESTC. Sound Income Strategies LLC purchased a new position in shares of Elastic during the 4th quarter worth $25,000. Geneos Wealth Management Inc. purchased a new position in shares of Elastic during the 2nd quarter worth $31,000. Activest Wealth Management boosted its stake in shares of Elastic by 3,181.3% during the 4th quarter. Activest Wealth Management now owns 525 shares of the company’s stock worth $40,000 after acquiring an additional 509 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Elastic by 75.6% during the 3rd quarter. Smartleaf Asset Management LLC now owns 662 shares of the company’s stock worth $58,000 after acquiring an additional 285 shares during the last quarter. Finally, Larson Financial Group LLC boosted its stake in shares of Elastic by 1,347.1% during the 3rd quarter. Larson Financial Group LLC now owns 738 shares of the company’s stock worth $62,000 after acquiring an additional 687 shares during the last quarter. Hedge funds and other institutional investors own 97.03% of the company’s stock.

Elastic Stock Up 0.2%

Shares of ESTC stock opened at $60.33 on Friday. The company has a market capitalization of $6.27 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 19.91 and a beta of 1.00. Elastic N.V. has a one year low of $42.05 and a one year high of $96.07. The company’s fifty day moving average price is $52.80 and its 200-day moving average price is $61.10. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.68 and a quick ratio of 1.82.

Elastic (NYSE:ESTC) last announced its quarterly earnings data on Thursday, May 28th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.56 by $0.05. The firm had revenue of $450.68 million for the quarter, compared to the consensus estimate of $446.66 million. Elastic had a net margin of 21.14% and a negative return on equity of 1.82%. The company’s revenue was up 16.0% on a year-over-year basis. During the same period last year, the firm earned $0.47 EPS. Elastic has set its FY 2027 guidance at 3.210-3.290 EPS and its Q1 2027 guidance at 0.570-0.590 EPS. Sell-side analysts expect that Elastic N.V. will post 0.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Citigroup lifted their price target on shares of Elastic from $95.00 to $104.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Jefferies Financial Group dropped their price target on shares of Elastic from $95.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, May 29th. Wells Fargo & Company decreased their price objective on shares of Elastic from $75.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Friday, February 27th. Weiss Ratings upgraded shares of Elastic from a “sell (e+)” rating to a “sell (d+)” rating in a research report on Tuesday. Finally, Zacks Research downgraded shares of Elastic from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 28th. Eighteen analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $80.04.

Insider Buying and Selling

In other Elastic news, insider Carolyn Herzog sold 9,485 shares of Elastic stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $60.61, for a total value of $574,885.85. Following the sale, the insider directly owned 128,439 shares in the company, valued at approximately $7,784,687.79. The trade was a 6.88% decrease in their position. The sale was disclosed in a legal 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, insider Ken Exner sold 18,449 shares of Elastic stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $60.61, for a total transaction of $1,118,193.89. Following the completion of the sale, the insider owned 360,037 shares in the company, valued at approximately $21,821,842.57. This represents a 4.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 110,099 shares of company stock worth $6,673,100 in the last 90 days. 12.70% of the stock is owned by company 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.