Alberta Investment Management Corp Invests $2.31 Million in Elastic N.V. $ESTC

Alberta Investment Management Corp bought a new stake in Elastic N.V. (NYSE:ESTC) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 27,400 shares of the company’s stock, valued at approximately $2,311,000.

Several other institutional investors also recently added to or reduced their stakes in the company. Signaturefd LLC raised its stake in shares of Elastic by 53.7% during the first quarter. Signaturefd LLC now owns 335 shares of the company’s stock worth $30,000 after purchasing an additional 117 shares during the last quarter. Huntington National Bank increased its stake in Elastic by 97.5% in the 2nd quarter. Huntington National Bank now owns 468 shares of the company’s stock valued at $39,000 after buying an additional 231 shares during the period. Smartleaf Asset Management LLC raised its position in 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 buying an additional 152 shares during the last quarter. Plato Investment Management Ltd acquired a new stake in shares of Elastic in the 2nd quarter worth $40,000. Finally, Allworth Financial LP boosted its holdings in shares of Elastic by 1,170.4% in the second quarter. Allworth Financial LP now owns 686 shares of the company’s stock valued at $58,000 after acquiring an additional 632 shares in the last quarter. Institutional investors and hedge funds own 97.03% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on ESTC. Wells Fargo & Company assumed coverage on shares of Elastic in a research report on Tuesday, September 30th. They set an “equal weight” rating and a $90.00 target price on the stock. UBS Group boosted their price objective on shares of Elastic from $95.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, August 29th. DA Davidson assumed coverage on shares of Elastic in a report on Friday, August 29th. They issued a “neutral” rating and a $105.00 target price for the company. Scotiabank set a $90.00 price target on shares of Elastic and gave the company a “sector perform” rating in a research report on Monday, October 6th. Finally, Citigroup restated a “buy” rating on shares of Elastic in a report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $119.00.

Insider Buying and Selling at Elastic

In other news, CEO Ashutosh Kulkarni sold 19,622 shares of Elastic stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $90.12, for a total value of $1,768,334.64. Following the transaction, the chief executive officer owned 457,314 shares of the company’s stock, valued at $41,213,137.68. This trade represents a 4.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Shay Banon sold 104,326 shares of the firm’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $90.34, for a total value of $9,424,810.84. Following the completion of the sale, the chief technology officer directly owned 4,363,780 shares in the company, valued at $394,223,885.20. This trade represents a 2.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 352,042 shares of company stock valued at $31,087,394 in the last ninety days. Company insiders own 12.70% of the company’s stock.

Elastic Stock Performance

Shares of ESTC opened at $90.77 on Monday. The firm has a market cap of $9.65 billion, a price-to-earnings ratio of -113.46 and a beta of 1.04. 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 business’s 50 day moving average is $87.13 and its two-hundred day moving average is $85.51. Elastic N.V. has a 52-week low of $70.14 and a 52-week high of $118.84.

Elastic (NYSE:ESTC) last issued its earnings results on Thursday, August 28th. The company reported ($0.08) earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $397.13 million. During the same period in the prior year, the business earned $0.35 EPS. The business’s revenue was up 19.5% on a year-over-year basis. Elastic has set its FY 2026 guidance at 2.290-2.350 EPS. Q2 2026 guidance at 0.560-0.580 EPS. Analysts forecast that Elastic N.V. will post -0.77 EPS for the current fiscal year.

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

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.