Thematics Asset Management Has $40.05 Million Stock Position in Elastic N.V. $ESTC

Thematics Asset Management grew its position in shares of Elastic N.V. (NYSE:ESTC) by 11.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 474,937 shares of the company’s stock after buying an additional 50,157 shares during the period. Elastic makes up 1.8% of Thematics Asset Management’s holdings, making the stock its 9th biggest position. Thematics Asset Management owned 0.45% of Elastic worth $40,051,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Temasek Holdings Private Ltd acquired a new position in shares of Elastic in the second quarter valued at about $48,115,000. Ossiam bought a new stake in Elastic in the 2nd quarter valued at about $11,407,000. Bank of Nova Scotia boosted its holdings in Elastic by 1,576.1% in the 2nd quarter. Bank of Nova Scotia now owns 47,032 shares of the company’s stock valued at $3,966,000 after purchasing an additional 44,226 shares during the period. Bollard Group LLC acquired a new position in shares of Elastic during the 2nd quarter worth approximately $1,427,000. Finally, California Public Employees Retirement System increased its holdings in shares of Elastic by 12.3% during the second quarter. California Public Employees Retirement System now owns 153,349 shares of the company’s stock worth $12,932,000 after purchasing an additional 16,835 shares during the period. Institutional investors and hedge funds own 97.03% of the company’s stock.

Elastic Trading Up 1.4%

Shares of ESTC opened at $74.76 on Monday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.97 and a current ratio of 1.97. Elastic N.V. has a 52-week low of $68.10 and a 52-week high of $118.84. The firm has a market cap of $7.88 billion, a price-to-earnings ratio of -72.58 and a beta of 0.97. The business’s fifty day moving average is $83.32 and its 200-day moving average is $84.10.

Elastic (NYSE:ESTC) last announced its quarterly earnings data on Thursday, November 20th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.06. The business had revenue of $423.48 million during the quarter, compared to the consensus estimate of $418.27 million. Elastic had a negative return on equity of 2.02% and a negative net margin of 6.79%.Elastic’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.59 EPS. Elastic has set its Q3 2026 guidance at 0.630-0.65 EPS. Equities analysts anticipate that Elastic N.V. will post -0.77 EPS for the current fiscal year.

Elastic declared that its Board of Directors has approved a share buyback plan on Thursday, October 9th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Insider Transactions at Elastic

In other news, insider Ken Exner sold 6,290 shares of the firm’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $90.12, for a total value of $566,854.80. Following the sale, the insider directly owned 233,582 shares in the company, valued at approximately $21,050,409.84. This trade represents a 2.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ashutosh Kulkarni sold 19,622 shares of the company’s stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $90.12, for a total transaction of $1,768,334.64. Following the transaction, the chief executive officer owned 457,314 shares of the company’s stock, valued at approximately $41,213,137.68. This represents a 4.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 152,042 shares of company stock valued at $13,704,394. 12.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

ESTC has been the subject of several recent research reports. Jefferies Financial Group cut their price target on Elastic from $125.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, November 21st. Scotiabank dropped their price objective on Elastic from $90.00 to $76.00 and set a “sector perform” rating for the company in a report on Friday, November 21st. Robert W. Baird upped their target price on Elastic from $120.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, October 10th. UBS Group decreased their price target on Elastic from $125.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, November 21st. Finally, Citigroup dropped their price target on Elastic from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, November 24th. Seventeen investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Elastic currently has a consensus rating of “Moderate Buy” and an average price target of $107.25.

Elastic Profile

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.