Algert Global LLC Buys 60,004 Shares of Elastic N.V. $ESTC

Algert Global LLC boosted its position in shares of Elastic N.V. (NYSE:ESTC) by 83.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 132,066 shares of the company’s stock after buying an additional 60,004 shares during the period. Algert Global LLC owned approximately 0.12% of Elastic worth $11,158,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Orion Porfolio Solutions LLC lifted its holdings in shares of Elastic by 1.4% in the 3rd 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 during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of 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 during the period. Jones Financial Companies Lllp lifted its holdings in shares of 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 acquiring an additional 194 shares during the last quarter. California State Teachers Retirement System lifted its holdings in shares of Elastic by 0.3% in the 2nd quarter. California State Teachers Retirement System now owns 83,403 shares of the company’s stock worth $7,033,000 after acquiring an additional 219 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Elastic by 3.1% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,027 shares of the company’s stock worth $678,000 after purchasing an additional 239 shares during the period. 97.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CAO Jane E. Bone sold 887 shares of Elastic stock in a transaction on 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 approximately $2,210,607.52. This trade represents a 2.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Shay Banon sold 4,283 shares of the business’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $52.28, for a total transaction of $223,915.24. Following the completion of the sale, the chief technology officer directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 39,375 shares of company stock valued at $2,091,797 in the last 90 days. Corporate insiders own 12.70% of the company’s stock.

Elastic Stock Down 0.5%

NYSE:ESTC opened at $51.45 on Monday. 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 P/E ratio of -64.32, a PEG ratio of 66.16 and a beta of 0.98. The company’s fifty day moving average price is $63.66 and its 200-day moving average price is $76.03.

Elastic (NYSE:ESTC) last announced its quarterly 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 return on equity of 2.34% and a negative net margin of 5.04%.The company had revenue of $449.88 million for the quarter, compared to the consensus estimate of $438.37 million. During the same period last year, the firm earned $0.63 EPS. 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 anticipate that Elastic N.V. will post -0.77 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada reduced their price target on Elastic from $115.00 to $95.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. Piper Sandler cut their price objective on Elastic from $110.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday, February 27th. Scotiabank reduced their target price on Elastic from $90.00 to $76.00 and set a “sector perform” rating on the stock in a research note on Friday, November 21st. Barclays cut their price target on shares of Elastic from $78.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. Finally, Stifel Nicolaus lowered their price target on Elastic from $134.00 to $108.00 and set a “buy” rating for the company in a report on Friday, November 21st. Seventeen analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $95.25.

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.