Elastic N.V. $ESTC Shares Acquired by Acadian Asset Management LLC

Acadian Asset Management LLC raised its stake in Elastic N.V. (NYSE:ESTC) by 534.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 128,651 shares of the company’s stock after purchasing an additional 108,372 shares during the period. Acadian Asset Management LLC owned 0.12% of Elastic worth $10,840,000 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. Signaturefd LLC grew its stake in Elastic by 53.7% during the 1st quarter. Signaturefd LLC now owns 335 shares of the company’s stock worth $30,000 after buying an additional 117 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in Elastic by 53.7% in the first quarter. Smartleaf Asset Management LLC now owns 435 shares of the company’s stock valued at $40,000 after purchasing an additional 152 shares during the period. Huntington National Bank boosted its stake in shares of Elastic by 97.5% in the second quarter. Huntington National Bank now owns 468 shares of the company’s stock valued at $39,000 after buying an additional 231 shares in the last quarter. Plato Investment Management Ltd purchased a new stake in shares of Elastic during the 2nd quarter worth $40,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new position in Elastic during the second quarter worth about $60,000. Institutional investors and hedge funds own 97.03% of the company’s stock.

Elastic Stock Up 1.8%

Shares of NYSE ESTC opened at $94.73 on Wednesday. The firm has a market cap of $10.07 billion, a P/E ratio of -118.41 and a beta of 1.04. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.09 and a current ratio of 2.09. Elastic N.V. has a 1 year low of $70.14 and a 1 year high of $118.84. The firm’s 50 day moving average price is $86.79 and its 200 day moving average price is $85.38.

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

Elastic declared that its board has authorized a share buyback program on Thursday, October 9th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Royal Bank Of Canada raised their price objective on Elastic from $106.00 to $125.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Citigroup reissued a “buy” rating on shares of Elastic in a report on Friday, October 10th. Morgan Stanley lifted their price target on Elastic from $115.00 to $120.00 and gave the stock an “overweight” rating in a research note on Friday, August 29th. Monness Crespi & Hardt boosted their price objective on shares of Elastic from $111.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Finally, Needham & Company LLC restated a “hold” rating on shares of Elastic in a report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Elastic presently has an average rating of “Moderate Buy” and an average price target of $119.00.

Insider Transactions at Elastic

In other news, insider Carolyn Herzog sold 5,143 shares of the stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $90.12, for a total transaction of $463,487.16. Following the transaction, the insider directly owned 94,677 shares in the company, valued at $8,532,291.24. This represents a 5.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ken Exner sold 6,290 shares of the firm’s stock in a transaction that occurred 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 $21,050,409.84. This represents a 2.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 352,042 shares of company stock worth $31,087,394 in the last quarter. 12.70% of the stock is currently owned by corporate insiders.

Elastic 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.