IFP Advisors Inc Grows Position in Elastic N.V. $ESTC

IFP Advisors Inc grew its position in shares of Elastic N.V. (NYSE:ESTC) by 21.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 2,946 shares of the company’s stock after buying an additional 523 shares during the period. IFP Advisors Inc’s holdings in Elastic were worth $248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in Elastic by 134.6% during the first quarter. GAMMA Investing LLC now owns 570 shares of the company’s stock worth $51,000 after buying an additional 327 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Elastic in the first quarter worth about $1,835,000. Janney Montgomery Scott LLC raised its position in shares of Elastic by 86.7% in the first quarter. Janney Montgomery Scott LLC now owns 3,803 shares of the company’s stock worth $339,000 after acquiring an additional 1,766 shares during the period. QRG Capital Management Inc. boosted its stake in shares of Elastic by 10.2% during the 1st quarter. QRG Capital Management Inc. now owns 3,285 shares of the company’s stock worth $293,000 after acquiring an additional 303 shares in the last quarter. Finally, Vanderbilt University acquired a new stake in shares of Elastic during the 1st quarter valued at about $5,201,000. 97.03% of the stock is currently owned by institutional investors and hedge funds.

Elastic Trading Up 0.3%

Shares of Elastic stock opened at $80.47 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.09 and a quick ratio of 2.09. The stock’s 50 day simple moving average is $83.60 and its 200-day simple moving average is $84.25. The stock has a market cap of $8.55 billion, a P/E ratio of -100.59 and a beta of 1.05. Elastic N.V. has a 1-year low of $70.14 and a 1-year high of $118.84.

Elastic (NYSE:ESTC) last posted its quarterly earnings results on Thursday, August 28th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.42 by ($0.50). The company had revenue of $415.29 million for the quarter, compared to analysts’ expectations of $397.13 million. Elastic had a negative return on equity of 1.68% and a negative net margin of 5.38%.The firm’s revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.35 EPS. Elastic has set its FY 2026 guidance at 2.290-2.350 EPS. Q2 2026 guidance at 0.560-0.580 EPS. Analysts predict that Elastic N.V. will post -0.77 EPS for the current fiscal year.

Elastic announced that its Board of Directors has authorized a share buyback plan on Thursday, October 9th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

ESTC has been the subject of a number of analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Elastic in a report on Friday, October 10th. Piper Sandler boosted their price objective on Elastic from $120.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. Jefferies Financial Group upped their target price on Elastic from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Monness Crespi & Hardt lifted their price target on shares of Elastic from $111.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Finally, Barclays boosted their price target on shares of Elastic from $105.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Elastic currently has an average rating of “Moderate Buy” and an average price target of $119.00.

Insiders Place Their Bets

In other Elastic news, CEO Ashutosh Kulkarni sold 5,000 shares of the company’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $88.12, for a total value of $440,600.00. Following the transaction, the chief executive officer owned 452,314 shares of the company’s stock, valued at $39,857,909.68. This represents a 1.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Carolyn Herzog sold 5,143 shares of the stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $90.12, for a total transaction of $463,487.16. Following the transaction, the insider directly owned 94,677 shares of the company’s stock, valued at approximately $8,532,291.24. This trade represents a 5.15% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 352,042 shares of company stock worth $31,087,394. 12.70% of the stock is currently owned by company insiders.

Elastic Company Profile

Elastic N.V., a data analytics company, delivers solutions designed to run in public or private clouds in multi-cloud environments. It primarily offers Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as performs search, analysis, and visualization on that data.