Alight Capital Management LP Boosts Stock Holdings in Elastic N.V. $ESTC

Alight Capital Management LP lifted its position in Elastic N.V. (NYSE:ESTC) by 140.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 120,000 shares of the company’s stock after purchasing an additional 70,000 shares during the period. Elastic comprises about 2.2% of Alight Capital Management LP’s portfolio, making the stock its 13th biggest holding. Alight Capital Management LP owned about 0.11% of Elastic worth $10,139,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its holdings in Elastic by 62.5% in the 3rd quarter. AQR Capital Management LLC now owns 2,977,361 shares of the company’s stock worth $251,557,000 after purchasing an additional 1,145,146 shares during the period. Vanguard Group Inc. grew its holdings in Elastic by 7.4% in the third quarter. Vanguard Group Inc. now owns 10,206,204 shares of the company’s stock valued at $862,322,000 after purchasing an additional 705,991 shares during the period. Qube Research & Technologies Ltd grew its holdings in Elastic by 302.1% in the second quarter. Qube Research & Technologies Ltd now owns 932,630 shares of the company’s stock valued at $78,649,000 after purchasing an additional 700,697 shares during the period. BNP Paribas Financial Markets increased its position in shares of Elastic by 305.9% in the second quarter. BNP Paribas Financial Markets now owns 832,353 shares of the company’s stock valued at $70,192,000 after buying an additional 627,284 shares in the last quarter. Finally, Temasek Holdings Private Ltd increased its position in shares of Elastic by 107.7% in the third quarter. Temasek Holdings Private Ltd now owns 1,184,857 shares of the company’s stock valued at $100,109,000 after buying an additional 614,302 shares in the last quarter. 97.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ESTC. Citigroup decreased their target price on Elastic from $115.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Monness Crespi & Hardt lowered shares of Elastic from a “buy” rating to a “neutral” rating in a report on Friday, November 21st. Piper Sandler decreased their price objective on shares of Elastic from $110.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. Canaccord Genuity Group dropped their target price on shares of Elastic from $115.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Finally, Rosenblatt Securities cut their target price on shares of Elastic from $130.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, January 30th. Seventeen research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $95.25.

Elastic Price Performance

ESTC stock opened at $51.45 on Friday. Elastic N.V. has a 1 year low of $49.90 and a 1 year high of $103.79. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.82 and a quick ratio of 1.82. The firm has a market capitalization of $5.33 billion, a PE ratio of -64.32, a price-to-earnings-growth ratio of 66.16 and a beta of 0.98. The business has a 50 day simple moving average of $63.66 and a 200-day simple moving average of $76.08.

Elastic (NYSE:ESTC) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.09. The firm had revenue of $449.88 million for the quarter, compared to the consensus estimate of $438.37 million. Elastic had a negative return on equity of 2.34% and a negative net margin of 5.04%.The firm’s revenue was up 17.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.63 earnings per share. Elastic has set its FY 2026 guidance at 2.500-2.540 EPS and its Q4 2026 guidance at 0.550-0.570 EPS. Equities research analysts anticipate that Elastic N.V. will post -0.77 earnings per share for the current fiscal year.

Insider Activity

In related news, CTO Shay Banon sold 4,283 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $52.28, for a total value of $223,915.24. Following the completion of the sale, the chief technology officer owned 4,354,945 shares of the company’s stock, valued at approximately $227,676,524.60. This represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Ken Exner sold 4,310 shares of the firm’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $52.28, for a total transaction of $225,326.80. Following the sale, the insider owned 222,728 shares of the company’s stock, valued at approximately $11,644,219.84. The trade was a 1.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 44,375 shares of company stock worth $2,464,797. Insiders own 12.70% of the company’s stock.

About Elastic

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.