Harel Insurance Investments & Financial Services Ltd. Buys Shares of 23,500 Elastic N.V. $ESTC

Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Elastic N.V. (NYSE:ESTC) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 23,500 shares of the company’s stock, valued at approximately $1,986,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Qube Research & Technologies Ltd boosted its stake in Elastic by 302.1% during the second quarter. Qube Research & Technologies Ltd now owns 932,630 shares of the company’s stock worth $78,649,000 after buying an additional 700,697 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Elastic by 305.9% during the 2nd quarter. BNP Paribas Financial Markets now owns 832,353 shares of the company’s stock worth $70,192,000 after purchasing an additional 627,284 shares during the period. Temasek Holdings Private Ltd acquired a new stake in Elastic in the 2nd quarter valued at approximately $48,115,000. Connor Clark & Lunn Investment Management Ltd. raised its position in Elastic by 972.9% in 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 during the period. Finally, AQR Capital Management LLC lifted its stake in Elastic by 30.5% during the second quarter. AQR Capital Management LLC now owns 1,832,215 shares of the company’s stock worth $153,100,000 after purchasing an additional 428,356 shares in the last quarter. 97.03% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on ESTC. Wells Fargo & Company cut their price objective on Elastic from $90.00 to $75.00 and set an “equal weight” rating on the stock in a report on Friday, November 21st. Monness Crespi & Hardt lowered shares of Elastic from a “buy” rating to a “neutral” rating in a research note on Friday, November 21st. Barclays cut their target price on shares of Elastic from $107.00 to $100.00 and set an “overweight” rating on the stock in a research note on Monday, January 12th. Wall Street Zen raised Elastic from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. Finally, Canaccord Genuity Group decreased their target price on Elastic from $120.00 to $115.00 and set a “buy” rating for the company in a report on Friday, November 21st. Seventeen equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $105.71.

Insider Activity

In other news, insider Carolyn Herzog sold 5,353 shares of Elastic stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $75.05, for a total value of $401,742.65. Following the transaction, the insider directly owned 89,324 shares of the company’s stock, valued at $6,703,766.20. The trade was a 5.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ken Exner sold 6,544 shares of the company’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $75.05, for a total transaction of $491,127.20. Following the completion of the sale, the insider owned 227,038 shares of the company’s stock, valued at approximately $17,039,201.90. This trade represents a 2.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 61,828 shares of company stock worth $4,641,010 over the last ninety days. 12.70% of the stock is owned by corporate insiders.

Elastic Price Performance

ESTC stock opened at $71.56 on Monday. The business has a 50 day moving average price of $77.43 and a 200 day moving average price of $82.15. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.64. The stock has a market cap of $7.54 billion, a price-to-earnings ratio of -69.47, a PEG ratio of 290.36 and a beta of 0.92. Elastic N.V. has a fifty-two week low of $68.10 and a fifty-two week high of $118.84.

Elastic (NYSE:ESTC) last released its quarterly earnings data on Thursday, November 20th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.06. The company had revenue of $423.48 million for 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 firm’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter last year, the company earned $0.59 earnings per share. Elastic has set its Q3 2026 guidance at 0.630-0.65 EPS. Equities research analysts anticipate that Elastic N.V. will post -0.77 earnings per share for the current fiscal year.

Elastic announced that its Board of Directors has authorized a stock buyback plan on Thursday, October 9th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Elastic Profile

Elastic N.V. operates as a search and analytics company, offering a suite of open source and subscription-based solutions for search, observability and security use cases. Its flagship product, Elasticsearch, enables fast and scalable full-text search and analytics across large volumes of structured and unstructured data. Complementary tools such as Kibana provide visualization capabilities, while Beats and Logstash serve as lightweight data shippers and data processing pipelines, respectively.

The company was founded in 2012 by Shay Banon, who serves as chief technology officer, and Steven Schuurman.