Bollard Group LLC Invests $1.43 Million in Elastic N.V. $ESTC

Bollard Group LLC acquired a new stake in shares of Elastic N.V. (NYSE:ESTC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 16,924 shares of the company’s stock, valued at approximately $1,427,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ESTC. Smartleaf Asset Management LLC increased its holdings in shares of Elastic by 53.7% in the first quarter. Smartleaf Asset Management LLC now owns 435 shares of the company’s stock valued at $40,000 after purchasing an additional 152 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in Elastic by 17.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,159 shares of the company’s stock valued at $98,000 after buying an additional 171 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in Elastic by 5.1% in the 2nd quarter. Janney Montgomery Scott LLC now owns 3,997 shares of the company’s stock worth $337,000 after buying an additional 194 shares during the period. Bangor Savings Bank raised its position in Elastic by 1.2% during the 2nd quarter. Bangor Savings Bank now owns 16,739 shares of the company’s stock worth $1,412,000 after buying an additional 205 shares during the last quarter. Finally, Los Angeles Capital Management LLC raised its position in Elastic by 3.2% during the 2nd quarter. Los Angeles Capital Management LLC now owns 7,321 shares of the company’s stock worth $617,000 after buying an additional 226 shares during the last quarter. Hedge funds and other institutional investors own 97.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Robert W. Baird increased their price objective on shares of Elastic from $120.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, October 10th. 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 report on Friday, October 10th. Weiss Ratings restated a “sell (d)” rating on shares of Elastic in a research note on Wednesday, October 8th. Finally, Monness Crespi & Hardt cut Elastic from a “buy” rating to a “neutral” rating in a research report on Friday, November 21st. Seventeen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $107.25.

Elastic Stock Performance

Shares of ESTC stock opened at $74.76 on Friday. The business’s 50 day moving average is $83.32 and its two-hundred day moving average is $84.15. Elastic N.V. has a 12-month low of $68.10 and a 12-month high of $118.84. The company has a market capitalization of $7.88 billion, a P/E ratio of -72.58 and a beta of 0.97. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.64.

Elastic (NYSE:ESTC) last issued its quarterly earnings results on Thursday, November 20th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.58 by $0.06. The company had revenue of $423.48 million during the quarter, compared to analyst estimates of $418.27 million. Elastic had a negative net margin of 6.79% and a negative return on equity of 2.02%. The firm’s revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.59 EPS. Elastic has set its Q3 2026 guidance at 0.630-0.65 EPS. Analysts expect that Elastic N.V. will post -0.77 EPS for the current fiscal year.

Elastic announced that its board has initiated a share buyback program on Thursday, October 9th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In other news, Director Paul R. Auvil III purchased 10,000 shares of the stock in a transaction dated Monday, December 1st. The shares were purchased at an average cost of $71.02 per share, with a total value of $710,200.00. Following the completion of the purchase, the director directly owned 37,956 shares of the company’s stock, valued at approximately $2,695,635.12. The trade was a 35.77% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Jane E. Bone sold 1,250 shares of the stock in a transaction on Monday, October 13th. The shares were sold at an average price of $87.22, for a total value of $109,025.00. Following the completion of the transaction, the chief accounting officer directly owned 37,633 shares of the company’s stock, valued at approximately $3,282,350.26. This represents a 3.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 252,042 shares of company stock worth $22,667,394 in the last quarter. 12.70% of the stock is owned by insiders.

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.