ArrowMark Colorado Holdings LLC Raises Stock Holdings in Elastic N.V. $ESTC

ArrowMark Colorado Holdings LLC boosted its position in shares of Elastic N.V. (NYSE:ESTC) by 7.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 353,066 shares of the company’s stock after buying an additional 25,496 shares during the quarter. ArrowMark Colorado Holdings LLC owned approximately 0.33% of Elastic worth $29,831,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Buying and Selling

In other Elastic news, CRO Mark Eugene Dodds sold 3,723 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $52.28, for a total value of $194,638.44. Following the completion of the transaction, the executive owned 152,563 shares in the company, valued at approximately $7,975,993.64. This represents a 2.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Carolyn Herzog sold 3,989 shares of the firm’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $52.28, for a total value of $208,544.92. Following the transaction, the insider directly owned 85,335 shares of the company’s stock, valued at $4,461,313.80. This represents a 4.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 44,375 shares of company stock valued at $2,464,797 over the last 90 days. 12.70% of the stock is currently owned by company insiders.

Elastic Stock Performance

Elastic stock opened at $51.45 on Friday. The stock’s 50 day simple moving average is $63.66 and its two-hundred day simple moving average is $76.08. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.82 and a current ratio of 1.82. The stock has a market cap of $5.33 billion, a price-to-earnings ratio of -64.32, a PEG ratio of 66.16 and a beta of 0.98. Elastic N.V. has a fifty-two week low of $49.90 and a fifty-two week high of $103.79.

Elastic (NYSE:ESTC) last announced its earnings results on Thursday, February 26th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.09. The firm had revenue of $449.88 million during the quarter, compared to analyst estimates of $438.37 million. Elastic had a negative return on equity of 2.34% and a negative net margin of 5.04%.The business’s revenue was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.63 EPS. 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, analysts expect that Elastic N.V. will post -0.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on ESTC. DA Davidson cut their target price on Elastic from $80.00 to $65.00 and set a “neutral” rating on the stock in a research note on Monday, March 2nd. Canaccord Genuity Group dropped their price objective on Elastic from $115.00 to $90.00 and set a “buy” rating for the company in a report on Friday, February 27th. Cantor Fitzgerald cut their price objective on Elastic from $94.00 to $85.00 and set a “neutral” rating on the stock in a research report on Friday, November 21st. Truist Financial reduced their target price on Elastic from $105.00 to $80.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Finally, Barclays decreased their target price on Elastic from $78.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, February 27th. Seventeen analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $95.25.

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.