Cypress Capital LLC Makes New Investment in Elastic N.V. $ESTC

Cypress Capital LLC bought a new stake in Elastic N.V. (NYSE:ESTC) in the 2nd quarter, Holdings Channel.com reports. The fund bought 4,614 shares of the company’s stock, valued at approximately $389,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in ESTC. Signaturefd LLC boosted its holdings 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 acquiring an additional 117 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in Elastic by 53.7% during the 1st quarter. Smartleaf Asset Management LLC now owns 435 shares of the company’s stock worth $40,000 after purchasing an additional 152 shares during the last quarter. Huntington National Bank lifted its position in Elastic by 97.5% during the 2nd quarter. Huntington National Bank now owns 468 shares of the company’s stock valued at $39,000 after purchasing an additional 231 shares during the period. Plato Investment Management Ltd bought a new position in shares of Elastic in the 2nd quarter valued at about $40,000. Finally, Oliver Lagore Vanvalin Investment Group bought a new position in shares of Elastic in the 2nd quarter valued at about $60,000. Institutional investors own 97.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ESTC shares. DA Davidson began coverage on shares of Elastic in a research note on Friday, August 29th. They set a “neutral” rating and a $105.00 price target for the company. Needham & Company LLC reiterated a “hold” rating on shares of Elastic in a research report on Friday, October 10th. Mizuho increased their price target on Elastic from $100.00 to $119.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. UBS Group raised their price target on Elastic from $95.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Finally, Jefferies Financial Group upped their price objective on Elastic from $110.00 to $125.00 and gave the company a “buy” 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 company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $119.00.

Insiders Place Their Bets

In other Elastic news, CRO Mark Eugene Dodds sold 5,037 shares of Elastic stock in a transaction that occurred 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 transaction, the executive 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 filing with the SEC, which is available through the SEC website. Also, CEO Ashutosh Kulkarni sold 19,622 shares of the company’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $90.12, for a total transaction of $1,768,334.64. Following the completion of the transaction, the chief executive officer owned 457,314 shares of the company’s stock, valued at $41,213,137.68. This trade represents a 4.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 352,042 shares of company stock worth $31,087,394 in the last three months. 12.70% of the stock is owned by corporate insiders.

Elastic Price Performance

ESTC opened at $89.95 on Monday. The stock has a market cap of $9.56 billion, a P/E ratio of -112.44 and a beta of 1.04. Elastic N.V. has a 12 month low of $70.14 and a 12 month high of $118.84. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.59. The company has a fifty day simple moving average of $86.43 and a 200 day simple moving average of $85.23.

Elastic (NYSE:ESTC) last posted its earnings results on Thursday, August 28th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $415.29 million for the quarter, compared to the consensus estimate of $397.13 million. During the same quarter in the prior year, the firm posted $0.35 earnings per share. The business’s revenue was up 19.5% on a year-over-year basis. Elastic has set its FY 2026 guidance at 2.290-2.350 EPS. Q2 2026 guidance at 0.560-0.580 EPS. On average, research analysts expect that Elastic N.V. will post -0.77 EPS for the current year.

Elastic announced that its Board of Directors has approved a share repurchase program on Thursday, October 9th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

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.