Elastic N.V. $ESTC Stake Boosted by Maxi Investments CY Ltd

Maxi Investments CY Ltd lifted its stake in shares of Elastic N.V. (NYSE:ESTC) by 24.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 75,875 shares of the company’s stock after purchasing an additional 15,100 shares during the quarter. Elastic comprises 1.0% of Maxi Investments CY Ltd’s portfolio, making the stock its 28th largest position. Maxi Investments CY Ltd’s holdings in Elastic were worth $5,724,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. J. Safra Sarasin Holding AG grew its stake in Elastic by 43.0% during the 4th quarter. J. Safra Sarasin Holding AG now owns 189,138 shares of the company’s stock worth $14,269,000 after buying an additional 56,892 shares during the last quarter. Citigroup Inc. lifted its stake in Elastic by 89.0% in the third quarter. Citigroup Inc. now owns 89,357 shares of the company’s stock valued at $7,550,000 after buying an additional 42,087 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Elastic by 50.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 891,279 shares of the company’s stock valued at $75,304,000 after buying an additional 300,264 shares during the last quarter. Cinctive Capital Management LP acquired a new position in shares of Elastic during the third quarter valued at $13,608,000. Finally, Thematics Asset Management boosted its holdings in shares of Elastic by 10.2% during the third quarter. Thematics Asset Management now owns 523,283 shares of the company’s stock valued at $44,212,000 after acquiring an additional 48,346 shares during the period. Institutional investors own 97.03% of the company’s stock.

Elastic Price Performance

Shares of NYSE ESTC opened at $51.49 on Friday. The stock has a market cap of $5.33 billion, a P/E ratio of -64.37, a P/E/G ratio of 61.95 and a beta of 0.88. The firm’s 50-day simple moving average is $50.44 and its 200 day simple moving average is $66.49. Elastic N.V. has a fifty-two week low of $42.05 and a fifty-two week high of $96.07. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.72.

Elastic (NYSE:ESTC) last announced its earnings results on Thursday, February 26th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.09. The firm had revenue of $449.88 million during the quarter, compared to analyst estimates of $438.37 million. Elastic had a negative net margin of 5.04% and a negative return on equity of 2.34%. Elastic’s revenue was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.63 EPS. Elastic has set its FY 2026 guidance at 2.500-2.540 EPS and its Q4 2026 guidance at 0.550-0.570 EPS. Equities analysts expect that Elastic N.V. will post 0.04 EPS for the current year.

Analysts Set New Price Targets

ESTC has been the topic of a number of analyst reports. Guggenheim reaffirmed a “buy” rating and issued a $116.00 price objective on shares of Elastic in a report on Wednesday, February 18th. Rosenblatt Securities reduced their target price on shares of Elastic from $130.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, January 30th. Weiss Ratings restated a “sell (d)” rating on shares of Elastic in a research report on Wednesday, January 21st. Piper Sandler cut their price target on Elastic from $110.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. Finally, Oppenheimer reduced their price objective on Elastic from $100.00 to $85.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. Seventeen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.77.

Insiders Place Their Bets

In other Elastic news, CTO Shay Banon sold 4,283 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $52.28, for a total value of $223,915.24. Following the completion of the sale, the chief technology officer directly owned 4,354,945 shares in the company, valued at $227,676,524.60. This represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CRO Mark Eugene Dodds sold 3,723 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $52.28, for a total value of $194,638.44. Following the completion of the sale, the executive owned 152,563 shares of the company’s stock, valued at $7,975,993.64. This trade represents a 2.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 38,188 shares of company stock valued at $1,996,469. 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.