Invesco Ltd. Buys 9,013 Shares of Elastic N.V. $ESTC

Invesco Ltd. raised its stake in Elastic N.V. (NYSE:ESTC) by 11.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 85,342 shares of the company’s stock after purchasing an additional 9,013 shares during the period. Invesco Ltd. owned 0.08% of Elastic worth $7,604,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Signaturefd LLC increased its stake in Elastic by 53.7% in the first quarter. Signaturefd LLC now owns 335 shares of the company’s stock valued at $30,000 after purchasing an additional 117 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of Elastic by 4.5% during the first quarter. Parallel Advisors LLC now owns 3,396 shares of the company’s stock valued at $303,000 after buying an additional 145 shares during the last quarter. Y.D. More Investments Ltd grew its holdings in shares of Elastic by 0.5% during the first quarter. Y.D. More Investments Ltd now owns 29,742 shares of the company’s stock valued at $2,756,000 after buying an additional 145 shares during the last quarter. WCM Investment Management LLC grew its holdings in shares of Elastic by 0.7% during the first quarter. WCM Investment Management LLC now owns 23,811 shares of the company’s stock valued at $2,183,000 after buying an additional 169 shares during the last quarter. Finally, MetLife Investment Management LLC grew its holdings in shares of Elastic by 4.6% during the fourth quarter. MetLife Investment Management LLC now owns 5,365 shares of the company’s stock valued at $532,000 after buying an additional 237 shares during the last quarter. 97.03% of the stock is owned by institutional investors.

Elastic Stock Down 1.2%

ESTC opened at $79.06 on Tuesday. 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 price-to-earnings ratio of -75.30 and a beta of 1.07. Elastic N.V. has a twelve month low of $69.00 and a twelve month high of $118.84. The company’s 50-day moving average price is $82.70 and its two-hundred day moving average price is $88.59.

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

Insider Buying and Selling at Elastic

In other news, CTO Shay Banon sold 5,117 shares of the stock in a transaction on Monday, June 9th. The shares were sold at an average price of $86.91, for a total value of $444,718.47. Following the transaction, the chief technology officer owned 4,560,291 shares of the company’s stock, valued at $396,334,890.81. This represents a 0.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Carolyn Herzog sold 5,702 shares of the company’s stock in a transaction on Monday, June 9th. The shares were sold at an average price of $86.91, for a total transaction of $495,560.82. Following the completion of the sale, the insider directly owned 93,985 shares of the company’s stock, valued at $8,168,236.35. This trade represents a 5.72% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 50,913 shares of company stock worth $4,416,324 in the last ninety days. Insiders own 15.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ESTC. Cantor Fitzgerald reduced their price objective on shares of Elastic from $109.00 to $92.00 and set a “neutral” rating for the company in a report on Friday, May 30th. Wall Street Zen upgraded shares of Elastic from a “hold” rating to a “buy” rating in a report on Friday, May 30th. Wells Fargo & Company reduced their price objective on shares of Elastic from $150.00 to $120.00 and set an “overweight” rating for the company in a report on Friday, May 30th. Scotiabank reduced their price objective on shares of Elastic from $137.00 to $95.00 and set a “sector outperform” rating for the company in a report on Friday, May 30th. Finally, Rosenblatt Securities reduced their price objective on shares of Elastic from $140.00 to $130.00 and set a “buy” rating for the company in a report on Friday, May 30th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $110.60.

About Elastic

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.