denkapparat Operations GmbH Purchases Shares of 5,648 Elastic N.V. $ESTC

denkapparat Operations GmbH acquired a new position in Elastic N.V. (NYSE:ESTC) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,648 shares of the company’s stock, valued at approximately $322,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Focus Partners Wealth purchased a new position in Elastic during the first quarter worth about $494,000. Northwestern Mutual Wealth Management Co. grew its position in Elastic by 17.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,159 shares of the company’s stock valued at $98,000 after buying an additional 171 shares during the period. Invesco Ltd. grew its position in Elastic by 11.7% during the second quarter. Invesco Ltd. now owns 95,332 shares of the company’s stock valued at $8,039,000 after buying an additional 9,990 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Elastic by 400.0% during the second quarter. EverSource Wealth Advisors LLC now owns 2,110 shares of the company’s stock worth $178,000 after buying an additional 1,688 shares during the last quarter. Finally, Cerity Partners LLC increased its holdings in Elastic by 24.7% during the second quarter. Cerity Partners LLC now owns 30,545 shares of the company’s stock worth $2,576,000 after buying an additional 6,056 shares during the last quarter. 97.03% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ESTC has been the topic of a number of research reports. Royal Bank Of Canada lifted their price target on shares of Elastic from $70.00 to $87.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Canaccord Genuity Group increased their price objective on Elastic from $80.00 to $120.00 and gave the company a “buy” rating in a report on Friday, August 28th. Piper Sandler reissued a “hold” rating on shares of Elastic in a research report on Friday, August 28th. Morgan Stanley upped their price target on Elastic from $66.00 to $75.00 and gave the company an “equal weight” rating in a research report on Friday, August 28th. Finally, Bank of America increased their price target on Elastic from $90.00 to $108.00 and gave the stock a “neutral” rating in a research note on Friday, August 28th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $94.12.

Insider Buying and Selling

In other news, CTO Shay Banon sold 165,171 shares of the company’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $90.26, for a total value of $14,908,334.46. Following the completion of the sale, the chief technology officer owned 1,578,680 shares of the company’s stock, valued at approximately $142,491,656.80. This represents a 9.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Jane Bone sold 4,176 shares of Elastic stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $93.48, for a total transaction of $390,372.48. Following the completion of the transaction, the chief accounting officer owned 49,239 shares in the company, valued at approximately $4,602,861.72. The trade was a 7.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 600,573 shares of company stock worth $52,492,868 in the last ninety days. 12.70% of the stock is currently owned by insiders.

Elastic Price Performance

Shares of Elastic stock opened at $91.74 on Friday. The company has a current ratio of 1.81, a quick ratio of 1.68 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $9.63 billion, a PE ratio of 25.70, a price-to-earnings-growth ratio of 9.31 and a beta of 1.03. The business’s 50-day moving average price is $71.88 and its 200-day moving average price is $60.16. Elastic N.V. has a 12 month low of $42.05 and a 12 month high of $108.00.

Elastic (NYSE:ESTC) last released its earnings results on Thursday, August 27th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.12. Elastic had a negative return on equity of 0.35% and a net margin of 20.84%.The company had revenue of $478.11 million during the quarter, compared to the consensus estimate of $469.75 million. During the same quarter in the previous year, the company posted $0.60 EPS. Elastic’s quarterly revenue was up 15.2% compared to the same quarter last year. Elastic has set its FY 2027 guidance at 3.290-3.370 EPS and its Q2 2027 guidance at 0.800-0.820 EPS. Sell-side analysts forecast that Elastic N.V. will post 0.56 EPS for the current fiscal year.

Elastic Company 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.