Titan Global Capital Management USA LLC Buys 2,590 Shares of Elastic N.V. $ESTC

Titan Global Capital Management USA LLC lifted its holdings in shares of Elastic N.V. (NYSE:ESTC) by 10.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,714 shares of the company’s stock after acquiring an additional 2,590 shares during the quarter. Titan Global Capital Management USA LLC’s holdings in Elastic were worth $2,337,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Signaturefd LLC raised its position in shares of 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 period. Smartleaf Asset Management LLC grew its holdings in Elastic by 53.7% during the 1st quarter. Smartleaf Asset Management LLC now owns 435 shares of the company’s stock valued at $40,000 after buying an additional 152 shares in the last quarter. Huntington National Bank increased its position in shares of Elastic by 97.5% during the second quarter. Huntington National Bank now owns 468 shares of the company’s stock valued at $39,000 after buying an additional 231 shares during the period. Plato Investment Management Ltd purchased a new stake in shares of Elastic in the second quarter worth about $40,000. Finally, Oliver Lagore Vanvalin Investment Group bought a new position in shares of Elastic in the second quarter valued at approximately $60,000. Institutional investors own 97.03% of the company’s stock.

Elastic Stock Performance

NYSE:ESTC opened at $89.95 on Friday. The business has a 50 day moving average price of $86.43 and a 200-day moving average price of $85.11. Elastic N.V. has a fifty-two week low of $70.14 and a fifty-two week high of $118.84. The firm has a market cap of $9.56 billion, a PE ratio of -112.44 and a beta of 1.04. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.09 and a current ratio of 2.09.

Elastic (NYSE:ESTC) last posted its earnings results on Thursday, August 28th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.50). The business had revenue of $415.29 million during the quarter, compared to the consensus estimate 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 for the quarter was up 19.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.35 earnings per share. Elastic has set its FY 2026 guidance at 2.290-2.350 EPS. Q2 2026 guidance at 0.560-0.580 EPS. Equities research analysts predict that Elastic N.V. will post -0.77 earnings per share for the current year.

Elastic declared that its board has approved 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 buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Insider Activity at Elastic

In other Elastic news, CRO Mark Eugene Dodds sold 5,037 shares of the company’s stock in a transaction on Tuesday, September 9th. The shares were 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 in the company, valued at approximately $15,075,634.08. This represents a 2.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Carolyn Herzog sold 5,143 shares of the firm’s 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 completion of the sale, the insider directly owned 94,677 shares of the company’s stock, valued at approximately $8,532,291.24. This represents a 5.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 352,042 shares of company stock valued at $31,087,394 over the last 90 days. Company insiders own 12.70% of the company’s stock.

Analyst Upgrades and Downgrades

ESTC has been the topic of several recent analyst reports. Robert W. Baird increased their target price on shares of Elastic from $120.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, October 10th. Wells Fargo & Company initiated coverage on shares of Elastic in a report on Tuesday, September 30th. They issued an “equal weight” rating and a $90.00 price target on the stock. Wall Street Zen raised Elastic from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. Needham & Company LLC restated a “hold” rating on shares of Elastic in a research report on Friday, October 10th. Finally, Scotiabank set a $90.00 price target on Elastic and gave the company a “sector perform” rating in a report on Monday, October 6th. 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 issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $119.00.

Elastic 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.