Alamar Capital Management LLC Buys 15,305 Shares of Elastic N.V. $ESTC

Alamar Capital Management LLC raised its stake in shares of Elastic N.V. (NYSE:ESTC) by 55.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,960 shares of the company’s stock after buying an additional 15,305 shares during the quarter. Elastic comprises about 1.9% of Alamar Capital Management LLC’s investment portfolio, making the stock its 22nd biggest holding. Alamar Capital Management LLC’s holdings in Elastic were worth $3,630,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the stock. Orion Porfolio Solutions LLC increased its holdings in shares of Elastic by 1.4% during the third quarter. Orion Porfolio Solutions LLC now owns 8,593 shares of the company’s stock valued at $726,000 after acquiring an additional 118 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Elastic by 17.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,159 shares of the company’s stock worth $98,000 after purchasing an additional 171 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Elastic by 6.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 3,020 shares of the company’s stock worth $260,000 after purchasing an additional 194 shares in the last quarter. California State Teachers Retirement System grew its position in Elastic by 0.3% during the 2nd quarter. California State Teachers Retirement System now owns 83,403 shares of the company’s stock valued at $7,033,000 after purchasing an additional 219 shares during the last quarter. Finally, Los Angeles Capital Management LLC grew its position in Elastic by 3.2% during the 2nd quarter. Los Angeles Capital Management LLC now owns 7,321 shares of the company’s stock valued at $617,000 after purchasing an additional 226 shares during the last quarter. 97.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ESTC has been the subject of several recent analyst reports. Morgan Stanley decreased their target price on shares of Elastic from $80.00 to $73.00 and set an “overweight” rating for the company in a report on Monday, March 2nd. Scotiabank cut their price target on shares of Elastic from $90.00 to $76.00 and set a “sector perform” rating on the stock in a report on Friday, November 21st. Truist Financial reduced their price target on shares of Elastic from $105.00 to $80.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Jefferies Financial Group decreased their price objective on shares of Elastic from $105.00 to $95.00 and set a “buy” rating for the company in a report on Monday, January 5th. Finally, JPMorgan Chase & Co. cut their target price on Elastic from $113.00 to $98.00 and set an “overweight” rating on the stock in a research note on Friday, February 20th. Seventeen investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Elastic has a consensus rating of “Moderate Buy” and a consensus target price of $95.25.

Insider Activity

In other news, CRO Mark Eugene Dodds sold 5,198 shares of the firm’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $75.05, for a total value of $390,109.90. Following the transaction, the executive directly owned 156,286 shares in the company, valued at $11,729,264.30. This trade represents a 3.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Carolyn Herzog sold 5,353 shares of Elastic stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $75.05, for a total value of $401,742.65. Following the completion of the sale, 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 disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 56,028 shares of company stock worth $4,208,330. Insiders own 12.70% of the company’s stock.

Elastic Stock Performance

Shares of ESTC stock opened at $53.74 on Monday. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.72. The company has a 50 day moving average price of $65.99 and a 200-day moving average price of $76.99. Elastic N.V. has a 52 week low of $49.90 and a 52 week high of $103.79. The firm has a market capitalization of $5.56 billion, a PE ratio of -67.17, a P/E/G ratio of 69.03 and a beta of 0.98.

Elastic (NYSE:ESTC) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $438.37 million. During the same quarter in the prior year, the firm earned $0.63 earnings per share. The firm’s revenue for the quarter was up 17.7% compared to the same quarter last year. 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, equities research analysts expect that Elastic N.V. will post -0.77 earnings per share for the current year.

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.