HighTower Advisors LLC Has $1.48 Million Stock Holdings in Elastic N.V. $ESTC

HighTower Advisors LLC raised its stake in Elastic N.V. (NYSE:ESTC) by 201.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,571 shares of the company’s stock after acquiring an additional 11,074 shares during the period. HighTower Advisors LLC’s holdings in Elastic were worth $1,476,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Nuveen LLC acquired a new position in Elastic in the 1st quarter valued at $28,578,000. Virtu Financial LLC acquired a new position in Elastic in the 1st quarter valued at $988,000. Invesco Ltd. raised its holdings in shares of Elastic by 11.8% during the 1st quarter. Invesco Ltd. now owns 85,342 shares of the company’s stock worth $7,604,000 after buying an additional 9,013 shares in the last quarter. Benjamin Edwards Inc. acquired a new position in shares of Elastic during the 1st quarter worth $474,000. Finally, Covestor Ltd raised its holdings in shares of Elastic by 626.4% during the 1st quarter. Covestor Ltd now owns 770 shares of the company’s stock worth $69,000 after buying an additional 664 shares in the last quarter. 97.03% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Elastic news, CEO Ashutosh Kulkarni sold 22,901 shares of the company’s stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $86.91, for a total value of $1,990,325.91. Following the completion of the transaction, the chief executive officer owned 454,841 shares of the company’s stock, valued at $39,530,231.31. This represents a 4.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CRO Mark Eugene Dodds sold 5,514 shares of the company’s stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $86.91, for a total value of $479,221.74. Following the completion of the sale, the executive owned 165,443 shares in the company, valued at $14,378,651.13. This trade represents a 3.23% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,913 shares of company stock worth $4,416,324. Company insiders own 15.90% of the company’s stock.

Analyst Ratings Changes

ESTC has been the subject of a number of research analyst reports. Piper Sandler lowered their price target on Elastic from $135.00 to $120.00 and set an “overweight” rating for the company in a report on Friday, May 30th. Wells Fargo & Company lowered their price target on Elastic from $150.00 to $120.00 and set an “overweight” rating for the company in a report on Friday, May 30th. Rosenblatt Securities lowered their price target on Elastic from $140.00 to $130.00 and set a “buy” rating for the company in a report on Friday, May 30th. Canaccord Genuity Group lowered their price target on Elastic from $135.00 to $110.00 and set a “buy” rating for the company in a report on Monday, June 2nd. Finally, Robert W. Baird lowered their price target on Elastic from $125.00 to $115.00 and set an “outperform” rating for the company in a report on Friday, May 30th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, Elastic presently has an average rating of “Moderate Buy” and a consensus price target of $110.60.

Elastic Price Performance

Shares of ESTC opened at $79.06 on Tuesday. Elastic N.V. has a 12-month low of $69.00 and a 12-month high of $118.84. The business has a 50-day simple moving average of $82.70 and a two-hundred day simple moving average of $88.59. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.61. The stock has a market cap of $8.34 billion, a PE ratio of -75.30 and a beta of 1.07.

Elastic (NYSE:ESTC) last issued its earnings results on Thursday, May 29th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.10. Elastic had a negative return on equity of 4.46% and a negative net margin of 7.29%.The business had revenue of $388.43 million during the quarter, compared to analysts’ expectations of $380.61 million. During the same quarter in the prior year, the firm earned $0.21 EPS. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. Elastic has set its FY 2026 guidance at 2.240-2.32 EPS. Q1 2026 guidance at 0.410-0.43 EPS. Analysts anticipate that Elastic N.V. will post -0.77 earnings per share for the current fiscal year.

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.