Financial Gravity Companies Inc. Invests $73,000 in Elastic N.V. $ESTC

Financial Gravity Companies Inc. acquired a new stake in Elastic N.V. (NYSE:ESTC) in the second quarter, Holdings Channel.com reports. The fund acquired 869 shares of the company’s stock, valued at approximately $73,000.

A number of other institutional investors also recently bought and sold shares of the company. Alberta Investment Management Corp acquired a new position in Elastic in the 2nd quarter valued at about $2,311,000. Cetera Investment Advisers lifted its holdings in Elastic by 29.6% in the second quarter. Cetera Investment Advisers now owns 10,278 shares of the company’s stock valued at $867,000 after acquiring an additional 2,349 shares during the last quarter. SG Americas Securities LLC grew its position in Elastic by 823.7% in the second quarter. SG Americas Securities LLC now owns 370,321 shares of the company’s stock worth $31,229,000 after acquiring an additional 330,230 shares during the period. Police & Firemen s Retirement System of New Jersey increased its stake in Elastic by 10.2% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 34,845 shares of the company’s stock worth $2,938,000 after acquiring an additional 3,221 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Elastic by 3.6% during the second quarter. Geode Capital Management LLC now owns 1,569,578 shares of the company’s stock worth $132,384,000 after acquiring an additional 54,812 shares during the last quarter. 97.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Elastic

In other Elastic news, CEO Ashutosh Kulkarni sold 5,000 shares of the company’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $88.12, for a total transaction of $440,600.00. Following the sale, the chief executive officer owned 452,314 shares in the company, valued at $39,857,909.68. This represents a 1.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Jane E. Bone sold 1,250 shares of Elastic stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $87.22, for a total value of $109,025.00. Following the completion of the transaction, the chief accounting officer owned 37,633 shares of the company’s stock, valued at $3,282,350.26. The trade was a 3.21% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 352,042 shares of company stock valued at $31,087,394. Insiders own 12.70% of the company’s stock.

Elastic Stock Down 0.6%

Shares of ESTC opened at $90.77 on Monday. The company’s 50-day simple moving average is $87.13 and its 200-day simple moving average is $85.51. 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 N.V. has a 1 year low of $70.14 and a 1 year high of $118.84. The stock has a market capitalization of $9.65 billion, a PE ratio of -113.46 and a beta of 1.04.

Elastic (NYSE:ESTC) last announced 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). The business had revenue of $415.29 million for the quarter, compared to analysts’ expectations of $397.13 million. Elastic had a negative return on equity of 1.68% and a negative net margin of 5.38%.Elastic’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the company 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. Analysts forecast that Elastic N.V. will post -0.77 earnings per share for the current fiscal year.

Elastic announced that its Board of Directors has authorized a stock buyback plan on Thursday, October 9th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ESTC. Oppenheimer reaffirmed an “outperform” rating on shares of Elastic in a research note on Friday, August 29th. Needham & Company LLC reaffirmed a “hold” rating on shares of Elastic in a research report on Friday, October 10th. Citigroup reiterated a “buy” rating on shares of Elastic in a research report on Friday, October 10th. Scotiabank set a $90.00 price target on shares of Elastic and gave the company a “sector perform” rating in a research note on Monday, October 6th. Finally, Morgan Stanley increased their price objective on shares of Elastic from $115.00 to $120.00 and gave the stock an “overweight” rating in a research report on Friday, August 29th. One investment 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, Elastic has an average rating of “Moderate Buy” and a consensus 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.