Fiera Capital Corp Has $25.65 Million Holdings in Elastic N.V. $ESTC

Fiera Capital Corp decreased its holdings in Elastic N.V. (NYSE:ESTC) by 1.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 304,201 shares of the company’s stock after selling 3,835 shares during the period. Fiera Capital Corp owned about 0.29% of Elastic worth $25,653,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ESTC. AQR Capital Management LLC raised its stake in Elastic by 6,651.3% in the 1st quarter. AQR Capital Management LLC now owns 1,403,859 shares of the company’s stock valued at $122,978,000 after acquiring an additional 1,383,065 shares during the period. Driehaus Capital Management LLC increased its holdings in shares of Elastic by 1,450.8% in the first quarter. Driehaus Capital Management LLC now owns 880,454 shares of the company’s stock valued at $78,448,000 after purchasing an additional 823,680 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Elastic by 972.9% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 591,015 shares of the company’s stock valued at $49,840,000 after purchasing an additional 535,927 shares during the period. Shannon River Fund Management LLC bought a new position in shares of Elastic in the first quarter valued at about $31,981,000. Finally, RGM Capital LLC lifted its stake in shares of Elastic by 38.1% during the 1st quarter. RGM Capital LLC now owns 1,197,030 shares of the company’s stock worth $106,655,000 after buying an additional 330,290 shares during the last quarter. 97.03% of the stock is currently owned by institutional investors.

Insider Transactions at Elastic

In other news, CEO Ashutosh Kulkarni sold 19,622 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $90.12, for a total value of $1,768,334.64. Following the completion of the transaction, the chief executive officer directly owned 457,314 shares in the company, valued at approximately $41,213,137.68. The trade was a 4.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO Mark Eugene Dodds sold 5,037 shares of the company’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 transaction of $453,934.44. Following the sale, the executive directly 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 position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 352,042 shares of company stock worth $31,087,394. Corporate insiders own 12.70% of the company’s stock.

Elastic Price Performance

Shares of NYSE ESTC opened at $91.34 on Friday. The stock has a market capitalization of $9.71 billion, a PE ratio of -114.18 and a beta of 1.04. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.09 and a quick ratio of 2.09. The business has a fifty day moving average price of $87.05 and a two-hundred day moving average price of $85.47. Elastic N.V. has a fifty-two week low of $70.14 and a fifty-two week high of $118.84.

Elastic (NYSE:ESTC) last released its 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). The company had revenue of $415.29 million for the quarter, compared to analyst estimates of $397.13 million. Elastic had a negative return on equity of 1.68% and a negative net margin of 5.38%.The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period last year, the company posted $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. As a group, equities analysts predict that Elastic N.V. will post -0.77 earnings per share for the current fiscal year.

Elastic declared that its Board of Directors has initiated a stock buyback plan on Thursday, October 9th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

Several research analysts have weighed in on ESTC shares. Rosenblatt Securities reissued a “buy” rating and issued a $130.00 price target on shares of Elastic in a report on Friday, August 29th. Wall Street Zen upgraded Elastic from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. UBS Group lifted their price target on Elastic from $95.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Barclays upped their price objective on Elastic from $105.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, August 29th. Finally, Monness Crespi & Hardt lifted their target price on Elastic from $111.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price 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.