Banque Transatlantique SA Purchases New Holdings in Elastic N.V. $ESTC

Banque Transatlantique SA bought a new stake in Elastic N.V. (NYSE:ESTC) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 12,650 shares of the company’s stock, valued at approximately $1,068,000.

Other institutional investors have also modified their holdings of the company. Geneos Wealth Management Inc. acquired a new stake in Elastic in the second quarter valued at $31,000. Promus Capital LLC acquired a new position in shares of Elastic during the 2nd quarter worth $45,000. Smartleaf Asset Management LLC increased its holdings in shares of Elastic by 75.6% in the 3rd quarter. Smartleaf Asset Management LLC now owns 662 shares of the company’s stock valued at $58,000 after purchasing an additional 285 shares in the last quarter. True Wealth Design LLC increased its holdings in shares of Elastic by 391.2% in the 3rd quarter. True Wealth Design LLC now owns 673 shares of the company’s stock valued at $57,000 after purchasing an additional 536 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in shares of Elastic by 1,170.4% in the 2nd quarter. Allworth Financial LP now owns 686 shares of the company’s stock valued at $58,000 after purchasing an additional 632 shares in the last quarter. Institutional investors and hedge funds own 97.03% of the company’s stock.

Analyst Upgrades and Downgrades

ESTC has been the subject of a number of research reports. Scotiabank reduced their price target on shares of Elastic from $90.00 to $76.00 and set a “sector perform” rating for the company in a research report on Friday, November 21st. Wells Fargo & Company dropped their price objective on Elastic from $75.00 to $60.00 and set an “equal weight” rating for the company in a research note on Friday, February 27th. Oppenheimer reduced their price objective on Elastic from $100.00 to $85.00 and set an “outperform” rating for the company in a report on Friday, February 27th. Canaccord Genuity Group decreased their target price on Elastic from $115.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Finally, Monness Crespi & Hardt lowered Elastic from a “buy” rating to a “neutral” rating in a report on Friday, November 21st. Seventeen research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $95.25.

Insider Buying and Selling at Elastic

In other Elastic news, insider Ken Exner sold 4,310 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 $225,326.80. Following the completion of the transaction, the insider directly owned 222,728 shares of the company’s stock, valued at $11,644,219.84. This represents a 1.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Jane E. Bone sold 887 shares of the firm’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 $46,372.36. Following the sale, the chief accounting officer owned 42,284 shares of the company’s stock, valued at $2,210,607.52. This represents a 2.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 44,375 shares of company stock worth $2,464,797. Insiders own 12.70% of the company’s stock.

Elastic Trading Down 0.5%

Shares of Elastic stock opened at $51.45 on Friday. Elastic N.V. has a fifty-two week low of $49.90 and a fifty-two week high of $103.79. The business’s fifty day moving average is $63.66 and its two-hundred day moving average is $76.09. 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 firm has a market cap of $5.33 billion, a PE ratio of -64.32, a P/E/G ratio of 66.43 and a beta of 0.98.

Elastic (NYSE:ESTC) last released its earnings results on Thursday, February 26th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.09. The firm had revenue of $449.88 million during the quarter, compared to the consensus estimate of $438.37 million. Elastic had a negative net margin of 5.04% and a negative return on equity of 2.34%. Elastic’s revenue was up 17.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $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. Analysts anticipate that Elastic N.V. will post -0.77 earnings per share for the current year.

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.