Universal Beteiligungs und Servicegesellschaft mbH Cuts Stock Holdings in Elastic N.V. $ESTC

Universal Beteiligungs und Servicegesellschaft mbH reduced its stake in Elastic N.V. (NYSE:ESTC) by 77.1% during the second quarter, HoldingsChannel.com reports. The fund owned 20,846 shares of the company’s stock after selling 70,347 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Elastic were worth $1,758,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Y.D. More Investments Ltd raised its position in Elastic by 0.5% in the 1st quarter. Y.D. More Investments Ltd now owns 29,742 shares of the company’s stock worth $2,756,000 after purchasing an additional 145 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of Elastic by 53.7% in the first quarter. Smartleaf Asset Management LLC now owns 435 shares of the company’s stock worth $40,000 after buying an additional 152 shares during the period. Janney Montgomery Scott LLC increased its position in shares of Elastic by 5.1% during the second 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. Bangor Savings Bank raised its stake in shares of Elastic by 1.2% during the second quarter. Bangor Savings Bank now owns 16,739 shares of the company’s stock valued at $1,412,000 after acquiring an additional 205 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Elastic by 27.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 988 shares of the company’s stock valued at $88,000 after purchasing an additional 210 shares during the period. Institutional investors own 97.03% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ESTC. Morgan Stanley dropped their price target on Elastic from $120.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday. Piper Sandler dropped their target price on shares of Elastic from $125.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, November 21st. Guggenheim reduced their price target on shares of Elastic from $122.00 to $116.00 and set a “buy” rating for the company in a report on Friday. Royal Bank Of Canada lowered their price target on shares of Elastic from $125.00 to $115.00 and set an “outperform” rating for the company in a research report on Friday, November 21st. Finally, Citigroup cut their price objective on shares of Elastic from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Monday. Seventeen analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $107.25.

Elastic Stock Up 0.8%

Shares of Elastic stock opened at $69.61 on Wednesday. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.59. The company has a market cap of $7.40 billion, a P/E ratio of -67.58 and a beta of 1.04. The firm’s 50 day moving average price is $85.75 and its 200-day moving average price is $85.26. Elastic N.V. has a 52-week low of $68.10 and a 52-week high of $118.84.

Elastic (NYSE:ESTC) last released its quarterly earnings results on Thursday, November 20th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.06. Elastic had a negative net margin of 6.79% and a negative return on equity of 2.01%. The business had revenue of $423.48 million for the quarter, compared to analyst estimates of $418.27 million. During the same period in the previous year, the company earned $0.59 earnings per share. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. Elastic has set its Q3 2026 guidance at 0.630-0.65 EPS. On average, sell-side analysts predict that Elastic N.V. will post -0.77 EPS for the current fiscal year.

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

Insider Buying and Selling at Elastic

In other news, CAO Jane E. Bone sold 1,250 shares of the company’s stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $87.22, for a total transaction of $109,025.00. Following the transaction, the chief accounting officer owned 37,633 shares in the company, valued at $3,282,350.26. This represents a 3.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Ken Exner sold 6,290 shares of the stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $90.12, for a total transaction of $566,854.80. Following the completion of the transaction, the insider directly owned 233,582 shares of the company’s stock, valued at $21,050,409.84. The trade was a 2.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 352,042 shares of company stock valued at $31,087,394. Insiders own 12.70% of the company’s stock.

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.