American Century Companies Inc. Sells 71,661 Shares of Elastic N.V. $ESTC

American Century Companies Inc. cut its stake in shares of Elastic N.V. (NYSE:ESTC) by 15.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 402,750 shares of the company’s stock after selling 71,661 shares during the period. American Century Companies Inc. owned about 0.38% of Elastic worth $33,964,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AQR Capital Management LLC lifted its position in shares of Elastic by 6,651.3% during the 1st quarter. AQR Capital Management LLC now owns 1,403,859 shares of the company’s stock valued at $122,978,000 after buying an additional 1,383,065 shares in the last quarter. Driehaus Capital Management LLC raised its stake in Elastic by 1,450.8% during the 1st 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. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Elastic by 972.9% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 591,015 shares of the company’s stock valued at $49,840,000 after purchasing an additional 535,927 shares in the last quarter. Shannon River Fund Management LLC purchased a new position in Elastic during the first quarter valued at approximately $31,981,000. Finally, RGM Capital LLC boosted its position in shares of Elastic by 38.1% in the first quarter. RGM Capital LLC now owns 1,197,030 shares of the company’s stock worth $106,655,000 after purchasing an additional 330,290 shares during the period. Hedge funds and other institutional investors own 97.03% of the company’s stock.

Insider Activity at Elastic

In other Elastic news, CEO Ashutosh Kulkarni sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $88.12, for a total transaction of $440,600.00. Following the sale, the chief executive officer directly owned 452,314 shares in the company, valued at $39,857,909.68. This represents a 1.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Carolyn Herzog sold 5,143 shares of Elastic stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $90.12, for a total value of $463,487.16. Following the completion of the transaction, the insider owned 94,677 shares of the company’s stock, valued at approximately $8,532,291.24. This trade represents a 5.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 352,042 shares of company stock valued at $31,087,394 over the last ninety days. 12.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ESTC. Robert W. Baird raised their price objective on shares of Elastic from $120.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, October 10th. DA Davidson cut their price target on Elastic from $100.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday, November 21st. Barclays cut their target price on Elastic from $125.00 to $107.00 and set an “overweight” rating for the company in a research report on Friday, November 21st. Needham & Company LLC reissued a “hold” rating on shares of Elastic in a report on Friday, October 10th. Finally, Wedbush dropped their price target on Elastic from $110.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday, November 21st. Seventeen analysts have rated the stock with 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 has a consensus rating of “Moderate Buy” and a consensus target price of $107.25.

Elastic Price Performance

Elastic stock opened at $70.53 on Friday. Elastic N.V. has a 52-week low of $68.10 and a 52-week high of $118.84. The company has a quick ratio of 2.09, a current ratio of 1.97 and a debt-to-equity ratio of 0.64. The firm’s fifty day moving average is $84.64 and its 200 day moving average is $84.83. The company has a market cap of $7.43 billion, a price-to-earnings ratio of -68.47 and a beta of 1.04.

Elastic (NYSE:ESTC) last issued its quarterly earnings data on Thursday, November 20th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.06. The business had revenue of $423.48 million during the quarter, compared to analysts’ expectations of $418.27 million. Elastic had a negative net margin of 6.79% and a negative return on equity of 2.02%. The business’s revenue was up 15.9% on a year-over-year basis. During the same period last year, the company posted $0.59 EPS. Elastic has set its Q3 2026 guidance at 0.630-0.65 EPS. Sell-side analysts forecast that Elastic N.V. will post -0.77 EPS for the current fiscal year.

Elastic declared that its board has authorized a share buyback plan on Thursday, October 9th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership 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.