Hel Ved Capital Management Ltd Buys 11,152 Shares of Elastic N.V. $ESTC

Hel Ved Capital Management Ltd lifted its position in Elastic N.V. (NYSE:ESTC) by 236.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,862 shares of the company’s stock after acquiring an additional 11,152 shares during the quarter. Hel Ved Capital Management Ltd’s holdings in Elastic were worth $1,340,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Geneos Wealth Management Inc. bought a new stake in Elastic in the 2nd quarter worth about $31,000. Huntington National Bank lifted its position in shares of Elastic by 97.5% during the 2nd quarter. Huntington National Bank now owns 468 shares of the company’s stock worth $39,000 after buying an additional 231 shares in the last quarter. Promus Capital LLC purchased a new position in shares of Elastic in the 2nd quarter worth approximately $45,000. True Wealth Design LLC boosted its stake in shares of Elastic by 391.2% in the 3rd quarter. True Wealth Design LLC now owns 673 shares of the company’s stock worth $57,000 after buying an additional 536 shares during the last quarter. Finally, Allworth Financial LP grew its holdings in shares of Elastic by 1,170.4% in the second quarter. Allworth Financial LP now owns 686 shares of the company’s stock valued at $58,000 after acquiring an additional 632 shares in the last quarter. 97.03% of the stock is owned by institutional investors.

Insider Activity

In related news, CAO Jane E. Bone sold 1,187 shares of the business’s stock in a transaction on Friday, January 9th. The stock was sold at an average price of $80.31, for a total transaction of $95,327.97. Following the sale, the chief accounting officer directly owned 43,171 shares in the company, valued at approximately $3,467,063.01. The trade was a 2.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Navam Welihinda sold 1,046 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $74.51, for a total value of $77,937.46. Following the completion of the transaction, the chief financial officer owned 123,874 shares of the company’s stock, valued at approximately $9,229,851.74. This represents a 0.84% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 56,028 shares of company stock valued at $4,208,330. 12.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Barclays dropped their price target on Elastic from $78.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. 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. Royal Bank Of Canada lowered their target price on Elastic from $115.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. JPMorgan Chase & Co. reduced their price target on shares of Elastic from $113.00 to $98.00 and set an “overweight” rating for the company in a research report on Friday, February 20th. Finally, Wedbush lowered their price objective on shares of Elastic from $110.00 to $90.00 and set an “outperform” rating on the stock in a research report on Friday, November 21st. Seventeen analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $95.25.

Elastic Price Performance

ESTC opened at $53.74 on Friday. The firm has a 50-day moving average price of $65.99 and a 200-day moving average price of $77.00. Elastic N.V. has a twelve month low of $49.90 and a twelve month high of $103.79. The company has a quick ratio of 1.97, a current ratio of 1.82 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $5.56 billion, a price-to-earnings ratio of -67.17, a PEG ratio of 74.31 and a beta of 0.98.

Elastic (NYSE:ESTC) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.09. The company had revenue of $449.88 million for the quarter, compared to analysts’ expectations of $438.37 million. Elastic had a negative net margin of 5.04% and a negative return on equity of 2.34%. Elastic’s revenue was up 17.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.63 EPS. Elastic has set its FY 2026 guidance at 2.500-2.540 EPS and its Q4 2026 guidance at 0.550-0.570 EPS. Equities analysts expect that Elastic N.V. will post -0.77 EPS for the current year.

Elastic Company 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.