Assenagon Asset Management S.A. Has $15.99 Million Holdings in Elastic N.V. $ESTC

Assenagon Asset Management S.A. lifted its stake in shares of Elastic N.V. (NYSE:ESTC) by 12.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 211,926 shares of the company’s stock after acquiring an additional 22,757 shares during the period. Assenagon Asset Management S.A. owned approximately 0.20% of Elastic worth $15,988,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Geneos Wealth Management Inc. acquired a new stake in shares of Elastic in the 2nd quarter valued at about $31,000. Promus Capital LLC acquired a new position in shares of Elastic during the second quarter worth about $45,000. True Wealth Design LLC boosted its position in shares of Elastic by 391.2% during the third quarter. True Wealth Design LLC now owns 673 shares of the company’s stock worth $57,000 after buying an additional 536 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of Elastic by 75.6% during the third quarter. Smartleaf Asset Management LLC now owns 662 shares of the company’s stock worth $58,000 after buying an additional 285 shares in the last quarter. Finally, Employees Retirement System of Texas bought a new position in shares of Elastic during the second quarter worth about $61,000. 97.03% of the stock is currently owned by institutional investors and hedge funds.

Elastic Stock Up 2.7%

Shares of ESTC stock opened at $51.27 on Friday. Elastic N.V. has a 52-week low of $48.71 and a 52-week high of $98.25. The stock has a market cap of $5.31 billion, a price-to-earnings ratio of -64.09, a PEG ratio of 64.16 and a beta of 0.98. The firm’s 50-day moving average is $59.58 and its 200-day moving average is $74.12. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.82 and a current ratio of 1.82.

Elastic (NYSE:ESTC) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $449.88 million during the quarter, compared to analysts’ expectations of $438.37 million. During the same quarter last year, the company posted $0.63 earnings per share. Elastic’s quarterly 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. Sell-side analysts predict that Elastic N.V. will post -0.77 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on ESTC. Citigroup cut their target price on Elastic from $115.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Wells Fargo & Company decreased their price target on shares of Elastic from $75.00 to $60.00 and set an “equal weight” rating for the company in a research note on Friday, February 27th. Truist Financial lowered their price objective on shares of Elastic from $105.00 to $80.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Weiss Ratings reissued a “sell (d)” rating on shares of Elastic in a research report on Wednesday, January 21st. Finally, DA Davidson reduced their target price on shares of Elastic from $80.00 to $65.00 and set a “neutral” rating for the company in a report on Monday, March 2nd. Seventeen equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $95.25.

Insider Activity

In other Elastic news, insider Ken Exner sold 4,310 shares of the company’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 $225,326.80. Following the transaction, the insider directly owned 222,728 shares in the company, valued at $11,644,219.84. The trade was a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Carolyn Herzog sold 3,989 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $52.28, for a total transaction of $208,544.92. Following the completion of the transaction, the insider directly owned 85,335 shares in the company, valued at $4,461,313.80. The trade was a 4.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 39,375 shares of company stock valued at $2,091,797. 12.70% of the stock is owned by company insiders.

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.