Elastic N.V. $ESTC Shares Sold by Slow Capital Inc.

Slow Capital Inc. lowered its position in shares of Elastic N.V. (NYSE:ESTC) by 21.5% in the third quarter, HoldingsChannel.com reports. The fund owned 40,328 shares of the company’s stock after selling 11,045 shares during the quarter. Slow Capital Inc.’s holdings in Elastic were worth $3,407,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Focus Partners Wealth purchased a new position in shares of Elastic in the first quarter worth about $494,000. Swedbank AB boosted its position in Elastic by 90.0% in the second quarter. Swedbank AB now owns 104,504 shares of the company’s stock valued at $8,813,000 after buying an additional 49,500 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Elastic by 18.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 24,421 shares of the company’s stock worth $2,129,000 after buying an additional 3,827 shares during the period. Public Employees Retirement System of Ohio raised its position in Elastic by 5.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 28,148 shares of the company’s stock worth $2,374,000 after buying an additional 1,342 shares during the last quarter. Finally, WD Rutherford LLC acquired a new stake in Elastic during the 2nd quarter valued at approximately $110,000. Hedge funds and other institutional investors own 97.03% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Morgan Stanley dropped their price objective on shares of Elastic from $120.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, November 21st. Truist Financial lowered their price target on shares of Elastic from $140.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, November 19th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Elastic in a research report on Wednesday, October 8th. Cantor Fitzgerald reduced their price objective on Elastic from $94.00 to $85.00 and set a “neutral” rating for the company in a research note on Friday, November 21st. Finally, Stifel Nicolaus lowered their target price on Elastic from $134.00 to $108.00 and set a “buy” rating on the stock in a research note on Friday, November 21st. Seventeen analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.71.

Insiders Place Their Bets

In other Elastic news, insider Ken Exner sold 6,544 shares of the company’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $75.05, for a total transaction of $491,127.20. Following the completion of the transaction, the insider directly owned 227,038 shares in the company, valued at approximately $17,039,201.90. This represents a 2.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Shay Banon sold 4,552 shares of the stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $75.05, for a total transaction of $341,627.60. Following the transaction, the chief technology officer directly owned 4,359,228 shares in the company, valued at approximately $327,160,061.40. The trade was a 0.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 61,828 shares of company stock valued at $4,641,010. 12.70% of the stock is owned by insiders.

Elastic Trading Down 1.7%

Shares of Elastic stock opened at $71.56 on Tuesday. The firm has a 50-day simple moving average of $77.00 and a two-hundred day simple moving average of $82.03. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.97 and a current ratio of 1.97. Elastic N.V. has a fifty-two week low of $68.10 and a fifty-two week high of $118.84. The company has a market cap of $7.54 billion, a P/E ratio of -69.47, a price-to-earnings-growth ratio of 290.36 and a beta of 0.92.

Elastic (NYSE:ESTC) last posted its earnings results on Thursday, November 20th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.06. The firm had revenue of $423.48 million for the quarter, compared to analysts’ expectations of $418.27 million. Elastic had a negative return on equity of 2.02% and a negative net margin of 6.79%.The company’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period last year, the firm earned $0.59 EPS. Elastic has set its Q3 2026 guidance at 0.630-0.65 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 has authorized a stock repurchase program on Thursday, October 9th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

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.