Voya Investment Management LLC Grows Holdings in Elastic N.V. $ESTC

Voya Investment Management LLC boosted its position in Elastic N.V. (NYSE:ESTC) by 4.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,781,925 shares of the company’s stock after acquiring an additional 79,465 shares during the quarter. Voya Investment Management LLC’s holdings in Elastic were worth $150,555,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Aaron Wealth Advisors LLC purchased a new stake in shares of Elastic during the third quarter worth about $264,000. Corient Private Wealth LLC grew its stake in Elastic by 35.5% during the 2nd quarter. Corient Private Wealth LLC now owns 4,669 shares of the company’s stock valued at $394,000 after purchasing an additional 1,223 shares in the last quarter. Daventry Group LP grew its stake in Elastic by 34.4% during the 2nd quarter. Daventry Group LP now owns 728,120 shares of the company’s stock valued at $61,402,000 after purchasing an additional 186,479 shares in the last quarter. American Trust purchased a new stake in Elastic during the 2nd quarter worth approximately $205,000. Finally, Orion Porfolio Solutions LLC raised its position in shares of Elastic by 5.4% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 8,475 shares of the company’s stock valued at $715,000 after purchasing an additional 437 shares in the last quarter. 97.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on ESTC. Bank of America decreased their price target on shares of Elastic from $111.00 to $90.00 and set a “neutral” rating for the company in a research report on Friday, November 21st. Citigroup decreased their price objective on shares of Elastic from $130.00 to $115.00 and set a “buy” rating for the company in a report on Monday, November 24th. Zacks Research lowered Elastic from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 26th. Wall Street Zen raised shares of Elastic from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $130.00 target price on shares of Elastic in a research note on Wednesday, November 19th. Seventeen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $107.25.

Elastic Trading Up 2.2%

Elastic stock opened at $76.18 on Friday. Elastic N.V. has a 52-week low of $68.10 and a 52-week high of $118.84. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $8.03 billion, a price-to-earnings ratio of -73.96 and a beta of 0.97. The firm has a 50-day moving average price of $81.79 and a two-hundred day moving average price of $83.27.

Elastic (NYSE:ESTC) last issued its quarterly earnings data on Thursday, November 20th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.06. Elastic had a negative return on equity of 2.02% and a negative net margin of 6.79%.The business had revenue of $423.48 million during the quarter, compared to the consensus estimate of $418.27 million. During the same period in the previous year, the firm posted $0.59 earnings per share. The business’s revenue was up 15.9% on a year-over-year basis. Elastic has set its Q3 2026 guidance at 0.630-0.65 EPS. Sell-side analysts expect that Elastic N.V. will post -0.77 earnings per share for the current year.

Elastic announced that its board has initiated a share buyback plan on Thursday, October 9th that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Activity

In related news, Director Paul R. Auvil III bought 10,000 shares of Elastic stock in a transaction dated Monday, December 1st. The stock was acquired at an average cost of $71.02 per share, with a total value of $710,200.00. Following the completion of the acquisition, the director directly owned 37,956 shares in the company, valued at approximately $2,695,635.12. This trade represents a 35.77% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Ken Exner sold 6,544 shares of the business’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $75.05, for a total transaction of $491,127.20. Following the sale, the insider owned 227,038 shares in the company, valued at $17,039,201.90. This represents a 2.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 63,147 shares of company stock worth $4,760,940 in the last quarter. 12.70% of the stock is currently owned by corporate insiders.

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.