Legal & General Group Plc Boosts Stock Position in Elastic N.V. $ESTC

Legal & General Group Plc lifted its position in Elastic N.V. (NYSE:ESTC) by 15.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 396,595 shares of the company’s stock after purchasing an additional 53,523 shares during the quarter. Legal & General Group Plc’s holdings in Elastic were worth $29,919,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. DA Davidson decreased their target price on Elastic from $65.00 to $60.00 and set a “neutral” rating for the company in a research report on Friday. The Goldman Sachs Group assumed coverage on Elastic in a research report on Tuesday, April 21st. They issued a “neutral” rating and a $50.00 target price for the company. Canaccord Genuity Group decreased their target price on Elastic from $90.00 to $80.00 and set a “buy” rating for the company in a research report on Friday. Truist Financial decreased their target price on Elastic from $105.00 to $80.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Finally, Wells Fargo & Company decreased their target price on Elastic from $75.00 to $60.00 and set an “equal weight” rating for the company in a research report on Friday, February 27th. Eighteen equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $80.04.

Elastic News Summary

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Elastic beat fiscal Q4 expectations, reporting EPS of $0.61 versus $0.56 expected and revenue of $450.7 million versus $446.7 million expected, with revenue up 16% year over year. Elastic Reports Fourth Quarter and Fiscal 2026 Financial Results
• Positive Sentiment: The company also issued first-quarter and full-year guidance above consensus for EPS, suggesting management sees continued earnings momentum. Elastic Reports Fourth Quarter and Fiscal 2026 Financial Results
• Positive Sentiment: Wall Street remains broadly constructive: Citigroup raised its price target to $104, and other firms like Jefferies, Canaccord, Oppenheimer, and Barclays still have buy/outperform-style ratings even after trimming targets. Analyst target updates
• Neutral Sentiment: Several analysts cut price targets after the report, including Barclays, Jefferies, Canaccord Genuity, Wedbush, and Oppenheimer, which signals some valuation caution rather than a thesis change. Analyst target updates
• Neutral Sentiment: Some investors may also be focusing on management’s fiscal 2027 outlook implying mid-teens revenue growth, which is still healthy but may look slower than the market hoped for after a strong quarter. Elastic shares fall 3.2% as investors digest Q4 results and fiscal 2027 outlook
• Negative Sentiment: Despite the beat, the stock has been volatile because investors were disappointed by the initial post-earnings reaction and are weighing strong growth against the company’s still-negative margins. Elastic N.V. (ESTC) Stock Falls on Q4 2026 Earnings

Insider Buying and Selling

In related news, insider Ken Exner sold 4,310 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $52.28, for a total value of $225,326.80. Following the sale, the insider owned 222,728 shares in the company, valued at $11,644,219.84. This represents a 1.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Jane E. Bone sold 887 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $52.28, for a total value of $46,372.36. Following the completion of the sale, the chief accounting officer owned 42,284 shares in the company, valued at $2,210,607.52. The trade was a 2.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 38,188 shares of company stock worth $1,996,469 over the last three months. Corporate insiders own 12.70% of the company’s stock.

Elastic Stock Performance

Elastic stock opened at $64.82 on Friday. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $6.71 billion, a P/E ratio of 18.52, a PEG ratio of 122.43 and a beta of 0.88. The stock’s 50 day moving average is $50.38 and its 200 day moving average is $62.83. Elastic N.V. has a twelve month low of $42.05 and a twelve month high of $96.07.

Elastic (NYSE:ESTC) last posted its quarterly earnings results on Thursday, May 28th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.05. The company had revenue of $450.68 million for the quarter, compared to the consensus estimate of $446.66 million. Elastic had a negative return on equity of 2.02% and a net margin of 21.14%.The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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. On average, equities research analysts predict that Elastic N.V. will post 0.02 earnings per share for the current fiscal year.

Elastic Company 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.