Pictet Asset Management Holding SA Purchases 138,974 Shares of Elastic N.V. $ESTC

Pictet Asset Management Holding SA raised its position in Elastic N.V. (NYSE:ESTC) by 3.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,534,498 shares of the company’s stock after acquiring an additional 138,974 shares during the period. Pictet Asset Management Holding SA’s holdings in Elastic were worth $342,127,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Focus Partners Wealth acquired a new position in Elastic during the 1st quarter valued at about $494,000. Northwestern Mutual Wealth Management Co. increased its stake in Elastic by 17.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,159 shares of the company’s stock valued at $98,000 after purchasing an additional 171 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Elastic by 11.7% in the second quarter. Invesco Ltd. now owns 95,332 shares of the company’s stock worth $8,039,000 after buying an additional 9,990 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Elastic by 400.0% during the second quarter. EverSource Wealth Advisors LLC now owns 2,110 shares of the company’s stock worth $178,000 after buying an additional 1,688 shares during the period. Finally, Cerity Partners LLC grew its holdings in shares of Elastic by 24.7% during the second quarter. Cerity Partners LLC now owns 30,545 shares of the company’s stock valued at $2,576,000 after buying an additional 6,056 shares during the last quarter. Institutional investors and hedge funds own 97.03% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on ESTC. Guggenheim reiterated a “buy” rating and set a $116.00 price target on shares of Elastic in a research note on Wednesday, February 18th. TD Cowen restated a “hold” rating on shares of Elastic in a research report on Monday, February 23rd. Rothschild & Co Redburn initiated coverage on Elastic in a report on Thursday. They issued a “neutral” rating and a $49.00 price objective for the company. The Goldman Sachs Group started coverage on Elastic in a research report on Tuesday, April 21st. They set a “neutral” rating and a $50.00 price target for the company. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Elastic in a research report on Wednesday, January 21st. Seventeen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $90.77.

Insider Buying and Selling at Elastic

In other Elastic news, CRO Mark Eugene Dodds sold 3,723 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 transaction of $194,638.44. Following the completion of the sale, the executive owned 152,563 shares of the company’s stock, valued at $7,975,993.64. This trade represents a 2.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Carolyn Herzog sold 3,989 shares of Elastic stock in a transaction on Monday, March 9th. The shares were sold at an average price of $52.28, for a total value of $208,544.92. Following the completion of the sale, the insider owned 85,335 shares in the company, valued at $4,461,313.80. This represents a 4.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 38,188 shares of company stock worth $1,996,469. Insiders own 12.70% of the company’s stock.

Elastic Stock Performance

NYSE ESTC opened at $46.36 on Monday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.82 and a current ratio of 1.82. The stock’s fifty day moving average is $51.89 and its two-hundred day moving average is $68.16. The firm has a market capitalization of $4.80 billion, a P/E ratio of -57.96, a price-to-earnings-growth ratio of 55.03 and a beta of 1.03. Elastic N.V. has a fifty-two week low of $42.05 and a fifty-two week high of $96.07.

Elastic (NYSE:ESTC) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.73 EPS 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 business had revenue of $449.88 million for the quarter, compared to analyst estimates of $438.37 million. During the same quarter in the previous year, the firm earned $0.63 EPS. The company’s quarterly revenue was up 17.7% compared to the same quarter last year. 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, research analysts anticipate that Elastic N.V. will post 0.04 earnings per share for the current year.

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.