Elastic N.V. $ESTC Stock Position Lifted by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. raised its stake in Elastic N.V. (NYSE:ESTC) by 324.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 900,017 shares of the company’s stock after buying an additional 688,091 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Elastic were worth $44,992,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ESTC. J. Safra Sarasin Holding AG increased its position in Elastic by 43.0% during the fourth quarter. J. Safra Sarasin Holding AG now owns 189,138 shares of the company’s stock worth $14,269,000 after buying an additional 56,892 shares during the last quarter. Cinctive Capital Management LP acquired a new stake in shares of Elastic in the third quarter worth about $13,608,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Elastic by 50.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 891,279 shares of the company’s stock worth $75,304,000 after buying an additional 300,264 shares during the last quarter. Thematics Asset Management boosted its stake in shares of Elastic by 10.2% during the 3rd quarter. Thematics Asset Management now owns 523,283 shares of the company’s stock worth $44,212,000 after acquiring an additional 48,346 shares in the last quarter. Finally, Citigroup Inc. boosted its stake in shares of Elastic by 89.0% during the 3rd quarter. Citigroup Inc. now owns 89,357 shares of the company’s stock worth $7,550,000 after acquiring an additional 42,087 shares in the last quarter. Hedge funds and other institutional investors own 97.03% of the company’s stock.

Insider Transactions at Elastic

In other news, CAO Jane E. Bone sold 1,104 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 transaction of $66,913.44. Following the transaction, the chief accounting officer owned 53,415 shares in the company, valued at approximately $3,237,483.15. The trade was a 2.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Carolyn Herzog sold 9,485 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $60.61, for a total transaction of $574,885.85. Following the transaction, the insider directly owned 128,439 shares of the company’s stock, valued at $7,784,687.79. This represents a 6.88% decrease in their position. 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. Over the last quarter, insiders sold 110,099 shares of company stock worth $6,673,100. 12.70% of the stock is currently owned by insiders.

Elastic Stock Performance

ESTC opened at $53.53 on Friday. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.45. The stock’s 50 day moving average price is $54.79 and its two-hundred day moving average price is $60.21. The firm has a market capitalization of $5.56 billion, a P/E ratio of 15.29, a price-to-earnings-growth ratio of 15.09 and a beta of 1.00. Elastic N.V. has a 12-month low of $42.05 and a 12-month high of $96.07.

Elastic (NYSE:ESTC) last issued its quarterly earnings results on Thursday, May 28th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.05. The company had revenue of $450.68 million during the quarter, compared to analyst estimates of $446.66 million. Elastic had a negative return on equity of 1.82% and a net margin of 21.14%.The company’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the company earned $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. On average, equities analysts forecast that Elastic N.V. will post 0.23 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on ESTC. The Goldman Sachs Group assumed coverage on Elastic in a research note on Tuesday, April 21st. They issued a “neutral” rating and a $50.00 price objective on the stock. Oppenheimer decreased their target price on Elastic from $85.00 to $75.00 and set an “outperform” rating for the company in a research report on Friday, May 29th. Barclays lowered their price target on Elastic from $76.00 to $68.00 and set an “overweight” rating on the stock in a report on Friday, May 29th. Rosenblatt Securities reissued a “buy” rating and issued a $110.00 price target on shares of Elastic in a research report on Tuesday, May 26th. Finally, Piper Sandler decreased their price objective on shares of Elastic from $110.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, February 27th. Eighteen analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Elastic presently has a consensus rating of “Moderate Buy” and an average price target of $80.04.

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.