Alamar Capital Management LLC Acquires New Position in Elastic N.V. $ESTC

Alamar Capital Management LLC acquired a new stake in shares of Elastic N.V. (NYSE:ESTC) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 42,730 shares of the company’s stock, valued at approximately $2,136,000. Elastic makes up 1.3% of Alamar Capital Management LLC’s investment portfolio, making the stock its 21st biggest holding.

Other large investors have also bought and sold shares of the company. J. Safra Sarasin Holding AG lifted its holdings in Elastic by 43.0% in the fourth quarter. J. Safra Sarasin Holding AG now owns 189,138 shares of the company’s stock valued at $14,269,000 after acquiring an additional 56,892 shares during the period. Legal & General Group Plc grew its stake in shares of Elastic by 15.6% during the 4th quarter. Legal & General Group Plc now owns 396,595 shares of the company’s stock valued at $29,919,000 after purchasing an additional 53,523 shares during the period. Temasek Holdings Private Ltd grew its stake in shares of Elastic by 9.3% during the 4th quarter. Temasek Holdings Private Ltd now owns 1,294,465 shares of the company’s stock valued at $97,654,000 after purchasing an additional 109,608 shares during the period. ING Groep NV increased its position in shares of Elastic by 20.5% during the 4th quarter. ING Groep NV now owns 444,800 shares of the company’s stock valued at $33,556,000 after purchasing an additional 75,700 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of Elastic by 12.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 211,926 shares of the company’s stock valued at $15,988,000 after purchasing an additional 22,757 shares during the last quarter. 97.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Wolfe Research set a $55.00 price objective on shares of Elastic in a report on Friday, May 29th. Scotiabank reduced their target price on shares of Elastic from $61.00 to $58.00 and set a “sector perform” rating for the company in a report on Friday, May 29th. Barclays decreased their price target on shares of Elastic from $76.00 to $68.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Zacks Research upgraded shares of Elastic from a “strong sell” rating to a “hold” rating in a research note on Friday, June 26th. Finally, Rosenblatt Securities cut their price objective on shares of Elastic from $90.00 to $83.00 and set a “buy” rating for the company in a research report on Friday, June 26th. Seventeen investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat, Elastic has a consensus rating of “Moderate Buy” and an average price target of $78.78.

Insider Activity at Elastic

In other Elastic news, insider Carolyn Herzog sold 9,485 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $60.61, for a total transaction of $574,885.85. Following the sale, the insider directly owned 128,439 shares of the company’s stock, valued at $7,784,687.79. This trade represents a 6.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Ken Exner sold 18,449 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $60.61, for a total value of $1,118,193.89. Following the completion of the transaction, the insider owned 360,037 shares in the company, valued at $21,821,842.57. The trade was a 4.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 110,099 shares of company stock worth $6,673,100 in the last 90 days. Company insiders own 12.70% of the company’s stock.

Elastic Price Performance

NYSE ESTC opened at $58.70 on Thursday. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.45. Elastic N.V. has a 12 month low of $42.05 and a 12 month high of $96.07. The stock has a market cap of $6.10 billion, a price-to-earnings ratio of 16.77, a PEG ratio of 15.67 and a beta of 1.00. The company’s 50 day moving average is $59.08 and its two-hundred day moving average is $58.00.

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 analysts’ consensus estimates of $0.56 by $0.05. The business had revenue of $450.68 million during the quarter, compared to analyst estimates of $446.66 million. Elastic had a net margin of 21.14% and a negative return on equity of 1.82%. The company’s revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.47 earnings per share. Elastic has set its FY 2027 guidance at 3.210-3.290 EPS and its Q1 2027 guidance at 0.570-0.590 EPS. As a group, research analysts anticipate that Elastic N.V. will post 0.23 earnings per share for the current year.

Elastic 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.