5,262 Shares of Elastic N.V. $ESTC Purchased by MBL Wealth LLC

MBL Wealth LLC bought a new position in shares of Elastic N.V. (NYSE:ESTC) during the third quarter, Holdings Channel.com reports. The fund bought 5,262 shares of the company’s stock, valued at approximately $483,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Amundi boosted its position in shares of Elastic by 37.2% in the 1st quarter. Amundi now owns 296,604 shares of the company’s stock valued at $14,827,000 after purchasing an additional 80,441 shares during the period. Engineers Gate Manager LP increased its position in Elastic by 43.7% during the second quarter. Engineers Gate Manager LP now owns 129,697 shares of the company’s stock worth $7,395,000 after buying an additional 39,468 shares during the period. California State Teachers Retirement System increased its position in Elastic by 21.8% during the first quarter. California State Teachers Retirement System now owns 104,579 shares of the company’s stock worth $5,228,000 after buying an additional 18,716 shares during the period. Osborne Partners Capital Management LLC increased its position in Elastic by 78.8% during the first quarter. Osborne Partners Capital Management LLC now owns 143,144 shares of the company’s stock worth $7,156,000 after buying an additional 63,105 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in Elastic during the second quarter worth approximately $1,477,000. 97.03% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Elastic

In other Elastic news, CEO Ashutosh Kulkarni sold 29,227 shares of the business’s stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $87.78, for a total value of $2,565,546.06. Following the transaction, the chief executive officer directly owned 599,525 shares of the company’s stock, valued at approximately $52,626,304.50. The trade was a 4.65% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Steven Schuurman sold 2,000,000 shares of the company’s stock in a transaction on Monday, October 12th. The stock was sold at an average price of $94.15, for a total transaction of $188,300,000.00. Following the transaction, the director owned 2,504,600 shares of the company’s stock, valued at approximately $235,808,090. The trade was a 44.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 4,585,641 shares of company stock worth $422,851,366 in the last three months. Insiders own 12.70% of the company’s stock.

Elastic Trading Up 4.5%

NYSE:ESTC opened at $102.61 on Friday. The firm has a market cap of $10.77 billion, a P/E ratio of 28.74, a PEG ratio of 8.60 and a beta of 1.03. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.44. The stock’s 50 day simple moving average is $90.57 and its 200-day simple moving average is $69.40. Elastic N.V. has a 12-month low of $42.05 and a 12-month high of $108.00.

Elastic (NYSE:ESTC) last released its quarterly earnings results on Thursday, August 27th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.58 by $0.12. Elastic had a negative return on equity of 0.35% and a net margin of 20.84%. The business had revenue of $478.11 million during the quarter, compared to analysts’ expectations of $469.75 million. During the same quarter in the prior year, the business earned $0.60 earnings per share. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. Elastic has set its FY 2027 guidance at 3.290-3.370 EPS and its Q2 2027 guidance at 0.800-0.820 EPS. Equities analysts anticipate that Elastic N.V. will post 0.65 EPS for the current year.

Wall Street Analyst Weigh In

ESTC has been the subject of several research analyst reports. Bank of America increased their price objective on Elastic from $90.00 to $108.00 and gave the company a “neutral” rating in a report on Friday, August 28th. Wedbush reaffirmed an “outperform” rating and issued a $125.00 target price on shares of Elastic in a report on Friday, October 9th. Needham & Company LLC reiterated a “hold” rating on shares of Elastic in a research report on Friday, October 9th. Citigroup increased their price target on shares of Elastic from $104.00 to $128.00 and gave the stock a “buy” rating in a research note on Friday, August 28th. Finally, Monness Crespi & Hardt raised shares of Elastic from a “neutral” rating to a “buy” rating and set a $120.00 price objective on the stock in a research report on Friday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $98.56.

Elastic Company Profile

Elastic N.V. develops search-powered software and services for organizations worldwide. Its technology helps businesses search, analyze and act on structured and unstructured data across applications, websites, infrastructure and security environments. Elastic offers its products through cloud-based and self-managed deployment options.

The company’s core platform, the Elastic Search AI Platform, is built around Elasticsearch and Kibana. Its offerings include Elastic Cloud, a managed cloud service, as well as solutions for enterprise search, observability and security.