Capital Fund Management S.A. Boosts Stock Position in Elastic N.V. $ESTC

Capital Fund Management S.A. increased its holdings in Elastic N.V. (NYSE:ESTC) by 26.3% during the 2nd quarter, Holdings Channel reports. The firm owned 131,595 shares of the company’s stock after buying an additional 27,397 shares during the period. Capital Fund Management S.A.’s holdings in Elastic were worth $11,097,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Huntington National Bank grew its position in shares of Elastic by 97.5% in the 2nd quarter. Huntington National Bank now owns 468 shares of the company’s stock worth $39,000 after buying an additional 231 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in Elastic by 53.7% in the first quarter. Smartleaf Asset Management LLC now owns 435 shares of the company’s stock worth $40,000 after acquiring an additional 152 shares during the period. Plato Investment Management Ltd bought a new stake in Elastic in the second quarter valued at $40,000. Allworth Financial LP increased its position in Elastic by 1,170.4% during the 2nd quarter. Allworth Financial LP now owns 686 shares of the company’s stock valued at $58,000 after purchasing an additional 632 shares during the period. Finally, Oliver Lagore Vanvalin Investment Group bought a new position in Elastic in the 2nd quarter worth $60,000. Institutional investors own 97.03% of the company’s stock.

Elastic Stock Performance

Elastic stock opened at $70.53 on Friday. Elastic N.V. has a twelve month low of $68.10 and a twelve month high of $118.84. The company has a quick ratio of 2.09, a current ratio of 1.97 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $7.43 billion, a P/E ratio of -68.47 and a beta of 1.04. The stock’s 50 day moving average is $84.64 and its 200 day moving average is $84.83.

Elastic (NYSE:ESTC) last announced its quarterly earnings data 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 analysts’ expectations of $418.27 million. During the same quarter in the previous year, the business earned $0.59 earnings per share. The firm’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. On average, equities research analysts predict that Elastic N.V. will post -0.77 earnings per share for the current fiscal year.

Elastic declared that its board has initiated a stock repurchase plan on Thursday, October 9th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In other Elastic news, insider Carolyn Herzog sold 5,143 shares of Elastic stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $90.12, for a total value of $463,487.16. Following the completion of the transaction, the insider directly owned 94,677 shares of the company’s stock, valued at approximately $8,532,291.24. The trade was a 5.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ken Exner sold 6,290 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 $566,854.80. Following the completion of the transaction, the insider owned 233,582 shares in the company, valued at approximately $21,050,409.84. This represents a 2.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 352,042 shares of company stock worth $31,087,394 over the last quarter. 12.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. DA Davidson reduced their price target on shares of Elastic from $100.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday, November 21st. Cowen reaffirmed a “hold” rating on shares of Elastic in a research report on Friday, August 29th. Needham & Company LLC reissued a “hold” rating on shares of Elastic in a research report on Friday, October 10th. Citigroup lowered their target price on Elastic from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, November 24th. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of Elastic in a research note on Friday, August 29th. Seventeen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $107.25.

Elastic Company 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.