Elastic N.V. $ESTC Shares Sold by Bangor Savings Bank

Bangor Savings Bank cut its stake in Elastic N.V. (NYSE:ESTC) by 90.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,545 shares of the company’s stock after selling 14,665 shares during the quarter. Bangor Savings Bank’s holdings in Elastic were worth $117,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Elastic by 7.4% during the 3rd quarter. Vanguard Group Inc. now owns 10,206,204 shares of the company’s stock valued at $862,322,000 after buying an additional 705,991 shares during the period. AQR Capital Management LLC grew its position in Elastic by 62.5% in the third quarter. AQR Capital Management LLC now owns 2,977,361 shares of the company’s stock valued at $251,557,000 after acquiring an additional 1,145,146 shares in the last quarter. Voya Investment Management LLC grew its position in Elastic by 4.7% in the third quarter. Voya Investment Management LLC now owns 1,781,925 shares of the company’s stock valued at $150,555,000 after acquiring an additional 79,465 shares in the last quarter. State Street Corp raised its stake in shares of Elastic by 4.0% during the second quarter. State Street Corp now owns 1,574,525 shares of the company’s stock valued at $132,780,000 after purchasing an additional 59,850 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of Elastic by 38.8% during the third quarter. Bank of America Corp DE now owns 1,449,967 shares of the company’s stock valued at $122,508,000 after purchasing an additional 405,096 shares during the period. Institutional investors and hedge funds own 97.03% of the company’s stock.

Elastic Trading Up 1.6%

NYSE ESTC opened at $50.73 on Friday. The company has a market capitalization of $5.25 billion, a price-to-earnings ratio of -63.41, a price-to-earnings-growth ratio of 64.13 and a beta of 1.03. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.82 and a quick ratio of 1.82. Elastic N.V. has a 12 month low of $47.49 and a 12 month high of $96.07. The company’s fifty day moving average price is $57.47 and its two-hundred day moving average price is $72.72.

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

Insider Activity

In other Elastic news, CRO Mark Eugene Dodds sold 3,723 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $52.28, for a total transaction of $194,638.44. Following the transaction, the executive owned 152,563 shares of the company’s stock, valued at $7,975,993.64. This trade represents a 2.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Shay Banon sold 4,283 shares of Elastic stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $52.28, for a total value of $223,915.24. Following the completion of the transaction, the chief technology officer owned 4,354,945 shares of the company’s stock, valued at approximately $227,676,524.60. The trade was a 0.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 39,375 shares of company stock valued at $2,091,797 over the last three months. Company insiders own 12.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Rosenblatt Securities decreased 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. Royal Bank Of Canada cut their price objective on shares of Elastic from $115.00 to $95.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. Morgan Stanley decreased their price objective on shares of Elastic from $80.00 to $73.00 and set an “overweight” rating for the company in a research report on Monday, March 2nd. Barclays lowered their target price on Elastic from $78.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. Finally, Truist Financial dropped their target price on Elastic from $105.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Seventeen investment 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’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.25.

Elastic Company 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.