27,655 Shares in Elastic N.V. $ESTC Purchased by Alamar Capital Management LLC

Alamar Capital Management LLC purchased a new position in shares of Elastic N.V. (NYSE:ESTC) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 27,655 shares of the company’s stock, valued at approximately $2,332,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA increased its holdings in Elastic by 5,437.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,288,128 shares of the company’s stock valued at $203,872,000 after buying an additional 2,246,808 shares in the last quarter. AQR Capital Management LLC increased its holdings in Elastic by 6,651.3% in the first quarter. AQR Capital Management LLC now owns 1,403,859 shares of the company’s stock valued at $122,978,000 after buying an additional 1,383,065 shares in the last quarter. RGM Capital LLC increased its holdings in Elastic by 38.1% in the first quarter. RGM Capital LLC now owns 1,197,030 shares of the company’s stock valued at $106,655,000 after buying an additional 330,290 shares in the last quarter. Driehaus Capital Management LLC increased its holdings in Elastic by 1,450.8% in the first quarter. Driehaus Capital Management LLC now owns 880,454 shares of the company’s stock valued at $78,448,000 after buying an additional 823,680 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. increased its holdings in Elastic by 32.6% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 616,133 shares of the company’s stock valued at $54,897,000 after buying an additional 151,551 shares in the last quarter. 97.03% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CAO Jane E. Bone sold 1,250 shares of the firm’s stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $87.22, for a total transaction of $109,025.00. Following the sale, the chief accounting officer owned 37,633 shares in the company, valued at approximately $3,282,350.26. This trade represents a 3.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ken Exner sold 6,290 shares of the firm’s stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $90.12, for a total transaction of $566,854.80. Following the sale, the insider owned 233,582 shares in the company, valued at approximately $21,050,409.84. This trade represents a 2.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 352,042 shares of company stock valued at $31,087,394 in the last 90 days. Insiders own 12.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ESTC. Wells Fargo & Company began coverage on shares of Elastic in a report on Tuesday, September 30th. They issued an “equal weight” rating and a $90.00 target price for the company. Mizuho increased their price target on shares of Elastic from $100.00 to $119.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Wall Street Zen upgraded shares of Elastic from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. Weiss Ratings reiterated a “sell (d)” rating on shares of Elastic in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada increased their price target on shares of Elastic from $106.00 to $125.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Elastic presently has an average rating of “Moderate Buy” and an average price target of $119.00.

Elastic Stock Up 1.2%

ESTC stock opened at $87.10 on Friday. The company’s 50 day simple moving average is $84.64 and its 200-day simple moving average is $84.31. The firm has a market capitalization of $9.26 billion, a PE ratio of -108.87 and a beta of 1.05. Elastic N.V. has a 12 month low of $70.14 and a 12 month high of $118.84. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.09 and a quick ratio of 2.09.

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

Elastic announced that its Board of Directors has initiated a share buyback program on Thursday, October 9th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

About Elastic

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.