Teacher Retirement System of Texas Has $1.70 Million Stock Position in Elastic N.V. $ESTC

Teacher Retirement System of Texas grew its stake in shares of Elastic N.V. (NYSE:ESTC) by 11.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,178 shares of the company’s stock after purchasing an additional 2,048 shares during the quarter. Teacher Retirement System of Texas’ holdings in Elastic were worth $1,702,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC increased its holdings in shares of Elastic by 53.7% during the 1st quarter. Signaturefd LLC now owns 335 shares of the company’s stock worth $30,000 after acquiring an additional 117 shares during the last quarter. Y.D. More Investments Ltd increased its holdings in shares of Elastic by 0.5% during the 1st quarter. Y.D. More Investments Ltd now owns 29,742 shares of the company’s stock worth $2,756,000 after acquiring an additional 145 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Elastic by 53.7% during the 1st quarter. Smartleaf Asset Management LLC now owns 435 shares of the company’s stock worth $40,000 after acquiring an additional 152 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Elastic by 5.1% during the 2nd quarter. Janney Montgomery Scott LLC now owns 3,997 shares of the company’s stock worth $337,000 after acquiring an additional 194 shares during the last quarter. Finally, Bangor Savings Bank increased its holdings in shares of Elastic by 1.2% during the 2nd quarter. Bangor Savings Bank now owns 16,739 shares of the company’s stock worth $1,412,000 after acquiring an additional 205 shares during the last quarter. Institutional investors and hedge funds own 97.03% of the company’s stock.

Wall Street Analyst Weigh In

ESTC has been the subject of a number of research reports. Citigroup restated a “buy” rating on shares of Elastic in a research note on Friday, October 10th. Needham & Company LLC restated a “hold” rating on shares of Elastic in a research note on Friday, October 10th. Jefferies Financial Group raised their target price on shares of Elastic from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Guggenheim raised their target price on shares of Elastic from $107.00 to $122.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Finally, Scotiabank set a $90.00 target price on shares of Elastic and gave the stock a “sector perform” rating in a research note on Monday, October 6th. One equities 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $119.00.

Elastic Stock Performance

ESTC opened at $88.46 on Wednesday. The business has a fifty day simple moving average of $86.29 and a 200 day simple moving average of $84.99. The company has a market capitalization of $9.40 billion, a PE ratio of -110.57 and a beta of 1.04. Elastic N.V. has a 1 year low of $70.14 and a 1 year high of $118.84. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.09 and a quick ratio of 2.09.

Elastic (NYSE:ESTC) last released 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 during the quarter, compared to the consensus estimate of $397.13 million. Elastic had a negative net margin of 5.38% and a negative return on equity of 1.68%. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.35 earnings per share. Elastic has set its FY 2026 guidance at 2.290-2.350 EPS. Q2 2026 guidance at 0.560-0.580 EPS. Research analysts expect that Elastic N.V. will post -0.77 EPS for the current year.

Elastic declared that its Board of Directors has approved a stock repurchase plan on Thursday, October 9th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Insider Activity

In other news, insider Ken Exner sold 6,290 shares of the company’s stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $90.12, for a total transaction of $566,854.80. Following the completion of the sale, the insider directly owned 233,582 shares in the company, valued at approximately $21,050,409.84. This represents a 2.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Carolyn Herzog sold 5,143 shares of the company’s stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $90.12, for a total value of $463,487.16. Following the sale, the insider 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 ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 352,042 shares of company stock worth $31,087,394. 12.70% of the stock is owned by insiders.

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.