Stratos Wealth Partners LTD. Increases Stake in Elastic N.V. $ESTC

Stratos Wealth Partners LTD. raised its stake in Elastic N.V. (NYSE:ESTC) by 34.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,091 shares of the company’s stock after purchasing an additional 1,556 shares during the period. Stratos Wealth Partners LTD.’s holdings in Elastic were worth $514,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Signaturefd LLC grew its stake in Elastic by 53.7% in the first quarter. Signaturefd LLC now owns 335 shares of the company’s stock valued at $30,000 after purchasing an additional 117 shares during the last quarter. Y.D. More Investments Ltd grew its stake in Elastic by 0.5% in the first quarter. Y.D. More Investments Ltd now owns 29,742 shares of the company’s stock valued at $2,756,000 after purchasing an additional 145 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in Elastic by 53.7% in the first quarter. Smartleaf Asset Management LLC now owns 435 shares of the company’s stock valued at $40,000 after purchasing an additional 152 shares during the last quarter. WCM Investment Management LLC grew its stake in Elastic by 0.7% in the first quarter. WCM Investment Management LLC now owns 23,811 shares of the company’s stock valued at $2,183,000 after purchasing an additional 169 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in Elastic by 5.1% in the second quarter. Janney Montgomery Scott LLC now owns 3,997 shares of the company’s stock valued at $337,000 after purchasing an additional 194 shares during the last quarter. 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 5,037 shares of the business’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 value of $453,934.44. Following the completion of the transaction, the executive directly owned 167,284 shares of the company’s stock, valued at approximately $15,075,634.08. The trade was a 2.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Shay Banon sold 104,326 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $90.34, for a total value of $9,424,810.84. Following the completion of the transaction, the chief technology officer directly owned 4,363,780 shares of the company’s stock, valued at $394,223,885.20. The trade was a 2.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 352,042 shares of company stock valued at $31,087,394 in the last three months. 12.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have issued reports on ESTC. Barclays lifted their target price on Elastic from $105.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. Oppenheimer restated an “outperform” rating on shares of Elastic in a research note on Friday, August 29th. DA Davidson started coverage on Elastic in a research note on Friday, August 29th. They set a “neutral” rating and a $105.00 price target on the stock. Cantor Fitzgerald restated a “neutral” rating on shares of Elastic in a research note on Friday, August 29th. Finally, Piper Sandler boosted their price target on Elastic from $120.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Elastic currently has a consensus rating of “Moderate Buy” and a consensus target price of $119.00.

Elastic Trading Up 1.2%

Elastic stock opened at $87.10 on Friday. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.59. Elastic N.V. has a 52 week low of $70.14 and a 52 week high of $118.84. The company has a market capitalization of $9.26 billion, a price-to-earnings ratio of -108.87 and a beta of 1.05. The stock has a 50-day moving average price of $84.64 and a 200 day moving average price of $84.31.

Elastic (NYSE:ESTC) last released its earnings results on Thursday, August 28th. The company reported ($0.08) 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 period last year, the firm earned $0.35 EPS. The company’s revenue for the quarter 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. Sell-side analysts anticipate that Elastic N.V. will post -0.77 EPS for the current year.

Elastic declared that its Board of Directors has initiated a share buyback plan on Thursday, October 9th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes 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.

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.