Jackson Creek Investment Advisors LLC Invests $1.38 Million in Elastic N.V. $ESTC

Jackson Creek Investment Advisors LLC acquired a new stake in shares of Elastic N.V. (NYSE:ESTC) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,300 shares of the company’s stock, valued at approximately $1,377,000.

Other institutional investors also recently bought and sold shares of the company. Geneos Wealth Management Inc. purchased a new stake in Elastic during the 2nd quarter worth approximately $31,000. Huntington National Bank grew its holdings 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 last quarter. Plato Investment Management Ltd acquired a new position in shares of Elastic in the 2nd quarter valued at $40,000. Promus Capital LLC acquired a new position in shares of Elastic in the 2nd quarter valued at $45,000. Finally, True Wealth Design LLC raised its stake in Elastic by 391.2% in the 3rd quarter. True Wealth Design LLC now owns 673 shares of the company’s stock worth $57,000 after acquiring an additional 536 shares during the last quarter. 97.03% of the stock is currently owned by institutional investors and hedge funds.

Elastic Trading Down 0.7%

Shares of NYSE:ESTC opened at $65.44 on Tuesday. Elastic N.V. has a 12-month low of $64.28 and a 12-month high of $118.84. The company has a market capitalization of $6.90 billion, a PE ratio of -63.53, a PEG ratio of 268.19 and a beta of 0.93. The business has a 50 day moving average of $73.97 and a two-hundred day moving average of $80.96. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.64.

Elastic (NYSE:ESTC) last issued its quarterly earnings data on Thursday, November 20th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.06. Elastic had a negative net margin of 6.79% and a negative return on equity of 2.02%. The business had revenue of $423.48 million for the quarter, compared to analysts’ expectations of $418.27 million. During the same quarter last year, the company earned $0.59 EPS. 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. As a group, analysts forecast that Elastic N.V. will post -0.77 EPS for the current year.

Elastic declared that its Board of Directors has authorized a stock buyback program on Thursday, October 9th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

ESTC has been the topic of several research analyst reports. Rosenblatt Securities dropped their price target on Elastic from $130.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday. Truist Financial decreased their target price on Elastic from $140.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, November 19th. Piper Sandler dropped their target price on Elastic from $125.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, November 21st. Needham & Company LLC reissued a “hold” rating on shares of Elastic in a research report on Friday, October 10th. Finally, Morgan Stanley decreased their price objective on shares of Elastic from $120.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, November 21st. Seventeen research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Elastic currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.88.

Insider Activity at Elastic

In other news, CEO Ashutosh Kulkarni sold 5,000 shares of the firm’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $74.60, for a total transaction of $373,000.00. Following the sale, the chief executive officer directly owned 426,901 shares in the company, valued at $31,846,814.60. This trade represents a 1.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ken Exner sold 6,544 shares of the company’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $75.05, for a total value of $491,127.20. Following the completion of the transaction, the insider directly owned 227,038 shares of the company’s stock, valued at $17,039,201.90. The trade was a 2.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 61,828 shares of company stock valued at $4,641,010 in the last quarter. 12.70% of the stock is currently owned by insiders.

Elastic Profile

Elastic N.V. operates as a search and analytics company, offering a suite of open source and subscription-based solutions for search, observability and security use cases. Its flagship product, Elasticsearch, enables fast and scalable full-text search and analytics across large volumes of structured and unstructured data. Complementary tools such as Kibana provide visualization capabilities, while Beats and Logstash serve as lightweight data shippers and data processing pipelines, respectively.

The company was founded in 2012 by Shay Banon, who serves as chief technology officer, and Steven Schuurman.