Elastic N.V. $ESTC Stake Trimmed by Prostatis Group LLC

Prostatis Group LLC lowered its stake in Elastic N.V. (NYSE:ESTC) by 20.8% during the second quarter, HoldingsChannel reports. The firm owned 2,894 shares of the company’s stock after selling 759 shares during the period. Prostatis Group LLC’s holdings in Elastic were worth $244,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC boosted its position in Elastic by 53.7% during the 1st quarter. Signaturefd LLC now owns 335 shares of the company’s stock worth $30,000 after acquiring an additional 117 shares during the period. Y.D. More Investments Ltd boosted its position in Elastic by 0.5% during the 1st quarter. Y.D. More Investments Ltd now owns 29,742 shares of the company’s stock worth $2,756,000 after acquiring an additional 145 shares during the period. Smartleaf Asset Management LLC boosted its position 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 acquiring an additional 152 shares during the period. WCM Investment Management LLC boosted its position in Elastic by 0.7% during the 1st quarter. WCM Investment Management LLC now owns 23,811 shares of the company’s stock worth $2,183,000 after acquiring an additional 169 shares during the period. Finally, Janney Montgomery Scott LLC boosted its position in Elastic by 5.1% during the 2nd quarter. Janney Montgomery Scott LLC now owns 3,997 shares of the company’s stock worth $337,000 after acquiring an additional 194 shares during the period. Hedge funds and other institutional investors own 97.03% of the company’s stock.

Insider Transactions at Elastic

In related news, insider Carolyn Herzog sold 5,143 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $90.12, for a total value of $463,487.16. Following the completion of the sale, the insider directly owned 94,677 shares in the company, valued at approximately $8,532,291.24. The trade was a 5.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CRO Mark Eugene Dodds sold 5,037 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $90.12, for a total value of $453,934.44. Following the completion of the sale, the executive owned 167,284 shares of the company’s stock, valued at approximately $15,075,634.08. This trade represents a 2.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 350,792 shares of company stock worth $30,978,369. 12.70% of the stock is currently owned by company insiders.

Elastic Stock Up 6.1%

Shares of Elastic stock opened at $86.52 on Monday. The firm has a market cap of $9.19 billion, a price-to-earnings ratio of -108.15 and a beta of 1.05. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.09 and a quick ratio of 2.09. Elastic N.V. has a 52-week low of $70.14 and a 52-week high of $118.84. The stock has a 50-day simple moving average of $83.40 and a 200-day simple moving average of $84.40.

Elastic (NYSE:ESTC) last announced its quarterly earnings results on Thursday, August 28th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.50). Elastic had a negative net margin of 5.38% and a negative return on equity of 1.68%. The firm had revenue of $415.29 million for the quarter, compared to analyst estimates of $397.13 million. During the same quarter in the prior year, the firm earned $0.35 earnings per share. The firm’s quarterly revenue was up 19.5% compared to the same quarter last year. Elastic has set its FY 2026 guidance at 2.290-2.350 EPS. Q2 2026 guidance at 0.560-0.580 EPS. On average, equities research analysts expect that Elastic N.V. will post -0.77 earnings per share for the current fiscal year.

Elastic announced that its board has authorized a stock buyback program on Thursday, October 9th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

ESTC has been the subject of a number of research reports. Royal Bank Of Canada raised their price objective on Elastic from $106.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. UBS Group raised their price objective on Elastic from $95.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Barclays raised their price objective on Elastic from $105.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, August 29th. Canaccord Genuity Group raised their price objective on Elastic from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Finally, Cowen restated a “hold” rating on shares of Elastic in a research report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Elastic presently has a consensus rating of “Moderate Buy” and a consensus target price of $119.00.

About Elastic

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.