DekaBank Deutsche Girozentrale Has $1.64 Million Stake in Elastic N.V. $ESTC

DekaBank Deutsche Girozentrale increased its stake in shares of Elastic N.V. (NYSE:ESTC) by 7.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,746 shares of the company’s stock after acquiring an additional 1,401 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Elastic were worth $1,637,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in ESTC. Massachusetts Financial Services Co. MA raised its holdings in shares of Elastic by 5,437.6% during the first quarter. Massachusetts Financial Services Co. MA now owns 2,288,128 shares of the company’s stock worth $203,872,000 after acquiring an additional 2,246,808 shares during the period. AQR Capital Management LLC raised its holdings in shares of Elastic by 6,651.3% during the first quarter. AQR Capital Management LLC now owns 1,403,859 shares of the company’s stock worth $122,978,000 after acquiring an additional 1,383,065 shares during the period. Driehaus Capital Management LLC raised its holdings in shares of Elastic by 1,450.8% during the first quarter. Driehaus Capital Management LLC now owns 880,454 shares of the company’s stock worth $78,448,000 after acquiring an additional 823,680 shares during the period. Shannon River Fund Management LLC acquired a new stake in shares of Elastic during the first quarter worth $31,981,000. Finally, RGM Capital LLC raised its holdings in shares of Elastic by 38.1% during the first quarter. RGM Capital LLC now owns 1,197,030 shares of the company’s stock worth $106,655,000 after acquiring an additional 330,290 shares during the period. 97.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Barclays raised their price objective on shares of Elastic from $105.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. Weiss Ratings reiterated a “sell (d)” rating on shares of Elastic in a research note on Friday. Jefferies Financial Group lifted their price target on shares of Elastic from $110.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Robert W. Baird lifted their price target on shares of Elastic from $120.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, October 10th. Finally, Morgan Stanley lifted their price target on shares of Elastic from $115.00 to $120.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $119.00.

Elastic Stock Performance

NYSE ESTC opened at $88.00 on Friday. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $9.35 billion, a P/E ratio of -110.00 and a beta of 1.05. Elastic N.V. has a 12-month low of $70.14 and a 12-month high of $118.84. The firm has a 50-day moving average price of $84.85 and a two-hundred day moving average price of $84.49.

Elastic (NYSE:ESTC) last posted its quarterly earnings results on Thursday, August 28th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.50). The firm had revenue of $415.29 million for the quarter, compared to analyst estimates of $397.13 million. Elastic had a negative return on equity of 1.68% and a negative net margin of 5.38%.The business’s revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.35 EPS. Elastic has set its FY 2026 guidance at 2.290-2.350 EPS. Q2 2026 guidance at 0.560-0.580 EPS. Analysts anticipate that Elastic N.V. will post -0.77 earnings per share for the current year.

Elastic declared that its Board of Directors has approved a stock buyback plan on Thursday, October 9th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at Elastic

In related news, CFO Navam Welihinda sold 1,256 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $84.58, for a total transaction of $106,232.48. Following the completion of the transaction, the chief financial officer directly owned 129,247 shares in the company, valued at $10,931,711.26. This represents a 0.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Carolyn Herzog sold 5,143 shares of the stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $90.12, for a total transaction of $463,487.16. Following the completion of the transaction, the insider directly owned 94,677 shares of the company’s stock, valued at approximately $8,532,291.24. The trade was a 5.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 352,042 shares of company stock worth $31,087,394 in the last three months. Company insiders own 12.70% of the company’s stock.

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.