American Century Companies Inc. Increases Stock Position in Elastic N.V. $ESTC

American Century Companies Inc. raised its holdings in Elastic N.V. (NYSE:ESTC) by 29.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 474,411 shares of the company’s stock after purchasing an additional 108,308 shares during the period. American Century Companies Inc. owned 0.45% of Elastic worth $42,270,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Fourth Dimension Wealth LLC purchased a new stake in shares of Elastic in the fourth quarter valued at about $26,000. Cloud Capital Management LLC purchased a new position in shares of Elastic during the first quarter valued at approximately $25,000. Signaturefd LLC lifted its stake in shares of Elastic by 53.7% during the first quarter. Signaturefd LLC now owns 335 shares of the company’s stock valued at $30,000 after buying an additional 117 shares during the period. North Capital Inc. purchased a new position in shares of Elastic during the first quarter valued at approximately $37,000. Finally, GAMMA Investing LLC lifted its stake in shares of Elastic by 134.6% during the first quarter. GAMMA Investing LLC now owns 570 shares of the company’s stock valued at $51,000 after buying an additional 327 shares during the period. Hedge funds and other institutional investors own 97.03% of the company’s stock.

Analysts Set New Price Targets

ESTC has been the topic of several recent analyst reports. Scotiabank reduced their price objective on shares of Elastic from $137.00 to $95.00 and set a “sector outperform” rating on the stock in a research note on Friday, May 30th. Wall Street Zen raised shares of Elastic from a “hold” rating to a “buy” rating in a report on Friday, May 30th. Guggenheim lowered their price target on shares of Elastic from $136.00 to $107.00 and set a “buy” rating for the company in a report on Friday, May 30th. KeyCorp initiated coverage on shares of Elastic in a report on Tuesday, June 10th. They set a “sector weight” rating for the company. Finally, Robert W. Baird lowered their price target on shares of Elastic from $125.00 to $115.00 and set an “outperform” rating for the company in a report on Friday, May 30th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $110.60.

Insider Buying and Selling

In other news, insider Carolyn Herzog sold 5,702 shares of the firm’s stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $86.91, for a total value of $495,560.82. Following the transaction, the insider directly owned 93,985 shares in the company, valued at approximately $8,168,236.35. This trade represents a 5.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CRO Mark Eugene Dodds sold 5,514 shares of the firm’s stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $86.91, for a total transaction of $479,221.74. Following the completion of the transaction, the executive owned 165,443 shares in the company, valued at approximately $14,378,651.13. The trade was a 3.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,913 shares of company stock worth $4,416,324. Company insiders own 15.90% of the company’s stock.

Elastic Price Performance

Shares of ESTC stock opened at $76.97 on Thursday. The firm has a fifty day moving average of $82.85 and a two-hundred day moving average of $89.66. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.92 and a quick ratio of 1.92. Elastic N.V. has a 1-year low of $69.00 and a 1-year high of $118.84. The firm has a market cap of $8.12 billion, a P/E ratio of -73.30 and a beta of 1.07.

Elastic (NYSE:ESTC) last posted its quarterly earnings results on Thursday, May 29th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.10. Elastic had a negative net margin of 7.29% and a negative return on equity of 4.46%. The company had revenue of $388.43 million for the quarter, compared to the consensus estimate of $380.61 million. During the same period last year, the firm posted $0.21 EPS. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. Elastic has set its FY 2026 guidance at 2.240-2.32 EPS. Q1 2026 guidance at 0.410-0.43 EPS. As a group, research analysts anticipate that Elastic N.V. will post -0.77 earnings per share for the current fiscal year.

About Elastic

Elastic N.V., a data analytics company, delivers solutions designed to run in public or private clouds in multi-cloud environments. It primarily offers Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as performs search, analysis, and visualization on that data.