Nordea Investment Management AB Sells 12,278 Shares of Elastic N.V. $ESTC

Nordea Investment Management AB lowered its holdings in shares of Elastic N.V. (NYSE:ESTC) by 13.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 80,289 shares of the company’s stock after selling 12,278 shares during the quarter. Nordea Investment Management AB owned 0.08% of Elastic worth $6,093,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of ESTC. AQR Capital Management LLC lifted its position in shares of Elastic by 62.5% during the third quarter. AQR Capital Management LLC now owns 2,977,361 shares of the company’s stock worth $251,557,000 after purchasing an additional 1,145,146 shares during the last quarter. Alyeska Investment Group L.P. grew its holdings in shares of Elastic by 490.4% in the third quarter. Alyeska Investment Group L.P. now owns 1,113,503 shares of the company’s stock worth $94,080,000 after purchasing an additional 924,911 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Elastic by 7.4% in the third quarter. Vanguard Group Inc. now owns 10,206,204 shares of the company’s stock worth $862,322,000 after purchasing an additional 705,991 shares during the last quarter. Qube Research & Technologies Ltd increased its stake in Elastic by 302.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 932,630 shares of the company’s stock worth $78,649,000 after buying an additional 700,697 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in Elastic by 305.9% during the 2nd quarter. BNP Paribas Financial Markets now owns 832,353 shares of the company’s stock valued at $70,192,000 after buying an additional 627,284 shares in the last quarter. Institutional investors own 97.03% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on ESTC shares. Guggenheim reissued a “buy” rating and issued a $116.00 price objective on shares of Elastic in a research report on Wednesday, February 18th. Wells Fargo & Company reduced their target price on shares of Elastic from $75.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Friday, February 27th. Canaccord Genuity Group decreased their price target on shares of Elastic from $115.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, February 27th. Royal Bank Of Canada lowered their price target on Elastic from $115.00 to $95.00 and set an “outperform” rating for the company in a report on Monday, January 5th. Finally, Piper Sandler dropped their price objective on Elastic from $110.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, February 27th. Seventeen investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $95.25.

Elastic Trading Up 2.7%

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

Elastic (NYSE:ESTC) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.09. The firm had revenue of $449.88 million during the quarter, compared to analysts’ expectations 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 revenue was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.63 EPS. 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 analysts forecast that Elastic N.V. will post -0.77 EPS for the current fiscal year.

Insider Activity at Elastic

In other news, insider Ken Exner sold 4,310 shares of the business’s stock in a transaction 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 completion of the transaction, the insider directly owned 222,728 shares of the company’s stock, valued at approximately $11,644,219.84. The trade was a 1.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CRO Mark Eugene Dodds sold 3,723 shares of the business’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $52.28, for a total value of $194,638.44. Following the completion of the transaction, the executive directly owned 152,563 shares of the company’s stock, valued at approximately $7,975,993.64. The trade was a 2.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 39,375 shares of company stock valued at $2,091,797 over the last 90 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.