Maxi Investments CY Ltd Has $5.14 Million Stake in Elastic N.V. $ESTC

Maxi Investments CY Ltd grew its position in Elastic N.V. (NYSE:ESTC) by 127.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 60,775 shares of the company’s stock after purchasing an additional 34,000 shares during the quarter. Elastic makes up about 0.4% of Maxi Investments CY Ltd’s portfolio, making the stock its 26th largest position. Maxi Investments CY Ltd owned 0.06% of Elastic worth $5,135,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of ESTC. Geneos Wealth Management Inc. acquired a new position in Elastic in the second quarter valued at $31,000. Promus Capital LLC bought a new position in shares of Elastic in the 2nd quarter worth about $45,000. Smartleaf Asset Management LLC raised its position in shares of Elastic by 75.6% in the 3rd quarter. Smartleaf Asset Management LLC now owns 662 shares of the company’s stock worth $58,000 after acquiring an additional 285 shares in the last quarter. True Wealth Design LLC lifted 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 valued at $57,000 after purchasing an additional 536 shares during the period. Finally, Allworth Financial LP lifted its stake in shares of Elastic by 1,170.4% in the 2nd quarter. Allworth Financial LP now owns 686 shares of the company’s stock valued at $58,000 after purchasing an additional 632 shares during the period. 97.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Ashutosh Kulkarni sold 17,756 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $52.28, for a total value of $928,283.68. Following the transaction, the chief executive officer owned 409,145 shares in the company, valued at $21,390,100.60. This trade represents a 4.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ken Exner sold 4,310 shares of Elastic stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $52.28, for a total value of $225,326.80. Following the transaction, the insider directly owned 222,728 shares in the company, valued at approximately $11,644,219.84. The trade was a 1.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 39,375 shares of company stock valued at $2,091,797. 12.70% of the stock is currently owned by company insiders.

Elastic Stock Up 3.8%

Shares of NYSE ESTC opened at $53.46 on Tuesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.82 and a quick ratio of 1.82. The company has a 50-day moving average price of $63.25 and a 200-day moving average price of $75.79. The stock has a market capitalization of $5.53 billion, a P/E ratio of -66.83, a P/E/G ratio of 66.16 and a beta of 0.98. Elastic N.V. has a 1 year low of $49.90 and a 1 year high of $103.79.

Elastic (NYSE:ESTC) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.09. The business 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%. The firm’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter last year, the firm earned $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. On average, equities research analysts forecast that Elastic N.V. will post -0.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on ESTC. Cantor Fitzgerald decreased their target price on Elastic from $94.00 to $85.00 and set a “neutral” rating for the company in a research note on Friday, November 21st. Monness Crespi & Hardt lowered Elastic from a “buy” rating to a “neutral” rating in a research note on Friday, November 21st. Weiss Ratings restated a “sell (d)” rating on shares of Elastic in a report on Wednesday, January 21st. Barclays reduced their price objective on shares of Elastic from $78.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, February 27th. Finally, Canaccord Genuity Group lowered their price objective on shares of Elastic from $115.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, February 27th. Seventeen research 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $95.25.

About Elastic

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.