J. Safra Sarasin Holding AG Acquires 56,892 Shares of Elastic N.V. $ESTC

J. Safra Sarasin Holding AG raised its stake in shares of Elastic N.V. (NYSE:ESTC) by 43.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 189,138 shares of the company’s stock after buying an additional 56,892 shares during the quarter. J. Safra Sarasin Holding AG owned about 0.18% of Elastic worth $14,269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of ESTC. Geneos Wealth Management Inc. purchased a new position in shares of Elastic in the second quarter worth $31,000. Promus Capital LLC purchased a new position in Elastic during the second quarter valued at $45,000. True Wealth Design LLC increased its holdings in 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 acquiring an additional 536 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in Elastic by 75.6% in the 3rd quarter. Smartleaf Asset Management LLC now owns 662 shares of the company’s stock valued at $58,000 after acquiring an additional 285 shares during the last quarter. Finally, Larson Financial Group LLC lifted its stake in Elastic by 1,347.1% in the 3rd quarter. Larson Financial Group LLC now owns 738 shares of the company’s stock worth $62,000 after purchasing an additional 687 shares in the last quarter. Institutional investors own 97.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on ESTC. Weiss Ratings reissued a “sell (d)” rating on shares of Elastic in a report on Wednesday, January 21st. Morgan Stanley decreased their target price on Elastic from $80.00 to $73.00 and set an “overweight” rating on the stock in a research report on Monday, March 2nd. Guggenheim reissued a “buy” rating and set a $116.00 price target on shares of Elastic in a research note on Wednesday, February 18th. Piper Sandler cut their price target on Elastic from $110.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, February 27th. Finally, Jefferies Financial Group decreased their price objective on Elastic from $105.00 to $95.00 and set a “buy” rating on the stock in a report on Monday, January 5th. Seventeen equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.25.

Elastic Stock Up 1.8%

Shares of NYSE:ESTC opened at $49.39 on Tuesday. The company has a market cap of $5.11 billion, a price-to-earnings ratio of -61.74, a PEG ratio of 62.34 and a beta of 0.98. Elastic N.V. has a 12 month low of $47.49 and a 12 month high of $96.07. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.72. The company has a 50-day moving average price of $58.67 and a 200 day moving average price of $73.30.

Elastic (NYSE:ESTC) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.09. Elastic had a negative return on equity of 2.34% and a negative net margin of 5.04%.The company had revenue of $449.88 million for the quarter, compared to analysts’ expectations of $438.37 million. During the same period in the previous year, the firm posted $0.63 earnings per share. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. Elastic has set its FY 2026 guidance at 2.500-2.540 EPS and its Q4 2026 guidance at 0.550-0.570 EPS. As a group, equities research analysts predict that Elastic N.V. will post -0.77 earnings per share for the current year.

Insider Transactions at Elastic

In related news, insider Carolyn Herzog sold 3,989 shares of the firm’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $52.28, for a total value of $208,544.92. Following the completion of the sale, the insider directly owned 85,335 shares in the company, valued at $4,461,313.80. This trade represents a 4.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Mark Eugene Dodds sold 3,723 shares of Elastic stock in a transaction on Monday, March 9th. The stock was sold at an average price of $52.28, for a total transaction of $194,638.44. Following the transaction, the executive directly owned 152,563 shares of the company’s stock, valued at $7,975,993.64. The trade was a 2.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 39,375 shares of company stock worth $2,091,797. 12.70% of the stock is currently owned by corporate insiders.

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.