Assenagon Asset Management S.A. Purchases 22,757 Shares of Elastic N.V. $ESTC

Assenagon Asset Management S.A. increased its position in shares of Elastic N.V. (NYSE:ESTC) by 12.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 211,926 shares of the company’s stock after purchasing an additional 22,757 shares during the period. Assenagon Asset Management S.A.’s holdings in Elastic were worth $15,988,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in ESTC. Geneos Wealth Management Inc. acquired a new position in Elastic in the 2nd quarter valued at $31,000. Promus Capital LLC acquired a new stake in shares of Elastic during the second quarter worth $45,000. True Wealth Design LLC lifted its holdings in shares of Elastic by 391.2% during the third quarter. True Wealth Design LLC now owns 673 shares of the company’s stock worth $57,000 after buying an additional 536 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Elastic by 75.6% in the third 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 period. Finally, Employees Retirement System of Texas acquired a new position in shares of Elastic in the second quarter valued at about $61,000. 97.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ESTC has been the topic of a number of recent research reports. Rosenblatt Securities lowered their price target on shares of Elastic from $130.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. Oppenheimer decreased their target price on shares of Elastic from $100.00 to $85.00 and set an “outperform” rating on the stock in a research report on Friday, February 27th. Piper Sandler lowered their target price on shares of Elastic from $110.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. Weiss Ratings reiterated a “sell (d)” rating on shares of Elastic in a research report on Wednesday, January 21st. Finally, Royal Bank Of Canada cut their price target on Elastic from $115.00 to $95.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Seventeen 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 company’s stock. According to MarketBeat, Elastic has a consensus rating of “Moderate Buy” and an average target price of $95.25.

Elastic Trading Up 2.7%

Shares of Elastic stock opened at $51.27 on Friday. The firm’s 50 day moving average is $59.58 and its 200 day moving average is $74.12. The firm has a market capitalization of $5.31 billion, a PE ratio of -64.09, a price-to-earnings-growth ratio of 64.16 and a beta of 0.98. Elastic N.V. has a 1 year low of $48.71 and a 1 year high of $98.25. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.72.

Elastic (NYSE:ESTC) last issued its earnings results on Thursday, February 26th. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.09. The firm had revenue of $449.88 million for the quarter, compared to analyst estimates of $438.37 million. Elastic had a negative net margin of 5.04% and a negative return on equity of 2.34%. The company’s quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter last year, the business posted $0.63 earnings per share. Elastic has set its FY 2026 guidance at 2.500-2.540 EPS and its Q4 2026 guidance at 0.550-0.570 EPS. Equities research analysts forecast that Elastic N.V. will post -0.77 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Elastic news, insider Ken Exner sold 4,310 shares of the company’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $52.28, for a total value of $225,326.80. Following the completion of the transaction, the insider owned 222,728 shares of the company’s stock, valued at $11,644,219.84. This represents a 1.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ashutosh Kulkarni sold 17,756 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $52.28, for a total value of $928,283.68. Following the completion of the transaction, the chief executive officer owned 409,145 shares of the company’s stock, valued at $21,390,100.60. This represents a 4.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 39,375 shares of company stock worth $2,091,797 in the last ninety days. Insiders own 12.70% of the company’s stock.

About Elastic

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.