Penserra Capital Management LLC Buys 100,851 Shares of Elastic N.V. $ESTC

Penserra Capital Management LLC raised its stake in shares of Elastic N.V. (NYSE:ESTC) by 43.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 333,369 shares of the company’s stock after buying an additional 100,851 shares during the quarter. Penserra Capital Management LLC owned about 0.31% of Elastic worth $28,166,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Jackson Creek Investment Advisors LLC purchased a new position in shares of Elastic in the 3rd quarter worth about $1,377,000. Jones Financial Companies Lllp grew its position in Elastic by 6.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 3,020 shares of the company’s stock valued at $260,000 after purchasing an additional 194 shares during the last quarter. Prostatis Group LLC increased its stake in Elastic by 12.3% during the 3rd quarter. Prostatis Group LLC now owns 3,251 shares of the company’s stock valued at $275,000 after purchasing an additional 357 shares in the last quarter. Transcend Capital Advisors LLC purchased a new position in Elastic in the third quarter worth about $257,000. Finally, Arizona State Retirement System lifted its stake in shares of Elastic by 2.5% in the third quarter. Arizona State Retirement System now owns 26,544 shares of the company’s stock worth $2,243,000 after buying an additional 643 shares in the last quarter. 97.03% of the stock is owned by hedge funds and other institutional investors.

Elastic Stock Down 8.4%

Elastic stock opened at $59.99 on Wednesday. Elastic N.V. has a one year low of $58.74 and a one year high of $118.84. The stock has a fifty day moving average of $73.78 and a 200 day moving average of $80.77. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.97 and a current ratio of 1.97. The stock has a market cap of $6.32 billion, a PE ratio of -58.24, a price-to-earnings-growth ratio of 266.36 and a beta of 0.93.

Elastic (NYSE:ESTC) last released its quarterly earnings results on Thursday, November 20th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.06. Elastic had a negative return on equity of 2.02% and a negative net margin of 6.79%.The business had revenue of $423.48 million during the quarter, compared to the consensus estimate of $418.27 million. During the same period in the previous year, the company posted $0.59 EPS. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. Elastic has set its Q3 2026 guidance at 0.630-0.65 EPS. As a group, sell-side analysts predict that Elastic N.V. will post -0.77 EPS for the current year.

Elastic announced that its board has approved a share repurchase program on Thursday, October 9th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling at Elastic

In other news, CAO Jane E. Bone sold 1,187 shares of the company’s stock in a transaction on Friday, January 9th. The stock was sold at an average price of $80.31, for a total value of $95,327.97. Following the completion of the sale, the chief accounting officer directly owned 43,171 shares in the company, valued at $3,467,063.01. This represents a 2.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CTO Shay Banon sold 4,552 shares of the firm’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $75.05, for a total value of $341,627.60. Following the completion of the transaction, the chief technology officer directly owned 4,359,228 shares in the company, valued at approximately $327,160,061.40. This represents a 0.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 61,828 shares of company stock valued at $4,641,010 in the last quarter. Insiders own 12.70% of the company’s stock.

Analyst Upgrades and Downgrades

ESTC has been the subject of several analyst reports. Wall Street Zen raised shares of Elastic from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. Wedbush decreased their price target on Elastic from $110.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday, November 21st. UBS Group lowered their price target on Elastic from $125.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, November 21st. Rosenblatt Securities reduced their price objective on Elastic from $130.00 to $110.00 and set a “buy” rating for the company in a report on Friday, January 30th. Finally, Morgan Stanley lowered their target price on shares of Elastic from $120.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday, November 21st. Seventeen equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $104.88.

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.