Elastic N.V. $ESTC Shares Purchased by First Trust Advisors LP

First Trust Advisors LP boosted its holdings in shares of Elastic N.V. (NYSE:ESTC) by 42.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 429,221 shares of the company’s stock after acquiring an additional 128,635 shares during the quarter. First Trust Advisors LP owned about 0.41% of Elastic worth $36,196,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ESTC. Cetera Investment Advisers grew its holdings in shares of Elastic by 10.1% during the 1st quarter. Cetera Investment Advisers now owns 7,929 shares of the company’s stock worth $706,000 after purchasing an additional 726 shares during the period. US Bancorp DE boosted its stake in Elastic by 108.4% during the first quarter. US Bancorp DE now owns 4,806 shares of the company’s stock worth $428,000 after buying an additional 2,500 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Elastic by 24.8% during the first quarter. PNC Financial Services Group Inc. now owns 3,884 shares of the company’s stock valued at $346,000 after acquiring an additional 773 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Elastic by 5.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 594,406 shares of the company’s stock valued at $52,962,000 after acquiring an additional 31,321 shares during the period. Finally, Deutsche Bank AG lifted its holdings in shares of Elastic by 3.3% in the 1st quarter. Deutsche Bank AG now owns 13,843 shares of the company’s stock worth $1,233,000 after acquiring an additional 440 shares during the last quarter. Hedge funds and other institutional investors own 97.03% of the company’s stock.

Elastic Stock Down 1.3%

ESTC stock opened at $74.58 on Wednesday. The stock has a market cap of $7.86 billion, a P/E ratio of -72.41 and a beta of 0.97. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.64. Elastic N.V. has a twelve month low of $68.10 and a twelve month high of $118.84. The company’s 50 day moving average is $82.89 and its two-hundred day moving average is $83.86.

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

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Mizuho lifted their target price on shares of Elastic from $100.00 to $119.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Needham & Company LLC reiterated a “hold” rating on shares of Elastic in a report on Friday, October 10th. Cowen restated a “hold” rating on shares of Elastic in a report on Friday, August 29th. Jefferies Financial Group dropped their target price on Elastic from $125.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, November 21st. Finally, Oppenheimer reissued an “outperform” rating on shares of Elastic in a research report on Friday, August 29th. Seventeen equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $107.25.

Insider Activity at Elastic

In other news, CEO Ashutosh Kulkarni sold 5,000 shares of Elastic stock in a transaction dated 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 owned 452,314 shares in the company, valued at approximately $39,857,909.68. The trade was a 1.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul R. Auvil III bought 10,000 shares of Elastic stock in a transaction dated Monday, December 1st. The stock was purchased at an average cost of $71.02 per share, with a total value of $710,200.00. Following the completion of the acquisition, the director directly owned 37,956 shares in the company, valued at approximately $2,695,635.12. The trade was a 35.77% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have sold 13,306 shares of company stock valued at $1,088,537. Corporate 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.