KBC Group NV Lowers Stock Holdings in Elastic N.V. $ESTC

KBC Group NV decreased its position in Elastic N.V. (NYSE:ESTC) by 40.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,427 shares of the company’s stock after selling 1,654 shares during the period. KBC Group NV’s holdings in Elastic were worth $205,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Allworth Financial LP boosted its stake in shares of Elastic by 1,170.4% during the second quarter. Allworth Financial LP now owns 686 shares of the company’s stock valued at $58,000 after purchasing an additional 632 shares in the last quarter. Cypress Capital LLC purchased a new stake in shares of Elastic during the second quarter worth about $389,000. ProShare Advisors LLC grew its position in Elastic by 24.2% during the 2nd quarter. ProShare Advisors LLC now owns 3,746 shares of the company’s stock worth $316,000 after purchasing an additional 731 shares during the last quarter. Acadian Asset Management LLC grew its holdings in shares of Elastic by 534.4% during the second quarter. Acadian Asset Management LLC now owns 128,651 shares of the company’s stock valued at $10,840,000 after buying an additional 108,372 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Elastic in the second quarter valued at about $1,246,000. 97.03% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Elastic news, insider Carolyn Herzog sold 5,143 shares of Elastic stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $90.12, for a total value of $463,487.16. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ken Exner sold 6,290 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 $566,854.80. Following the completion of the transaction, the insider directly owned 233,582 shares in the company, valued at approximately $21,050,409.84. The trade was a 2.62% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 352,042 shares of company stock valued at $31,087,394. 12.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

ESTC has been the topic of a number of research reports. Wells Fargo & Company began coverage on shares of Elastic in a research note on Tuesday, September 30th. They issued an “equal weight” rating and a $90.00 price objective on the stock. Robert W. Baird boosted their price objective on Elastic from $120.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, October 10th. DA Davidson initiated coverage on shares of Elastic in a research note on Friday, August 29th. They set a “neutral” rating and a $105.00 target price for the company. Cowen reissued a “hold” rating on shares of Elastic in a research note on Friday, August 29th. Finally, Citigroup reaffirmed a “buy” rating on shares of Elastic in a research note on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Elastic presently has a consensus rating of “Moderate Buy” and an average price target of $119.00.

Elastic Trading Up 1.4%

Shares of ESTC stock opened at $88.67 on Wednesday. Elastic N.V. has a fifty-two week low of $70.14 and a fifty-two week high of $118.84. The company has a 50 day moving average price of $86.99 and a 200 day moving average price of $85.56. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.09 and a current ratio of 2.09. The stock has a market capitalization of $9.42 billion, a P/E ratio of -110.83 and a beta of 1.04.

Elastic (NYSE:ESTC) last announced its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $397.13 million. Elastic had a negative net margin of 5.38% and a negative return on equity of 1.68%. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.35 EPS. Elastic has set its FY 2026 guidance at 2.290-2.350 EPS. Q2 2026 guidance at 0.560-0.580 EPS. Equities research analysts predict that Elastic N.V. will post -0.77 EPS for the current fiscal year.

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

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.