Elastic N.V. $ESTC Shares Bought by Squarepoint Ops LLC

Squarepoint Ops LLC raised its position in Elastic N.V. (NYSE:ESTC) by 1,139.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,798 shares of the company’s stock after purchasing an additional 89,908 shares during the quarter. Squarepoint Ops LLC owned 0.09% of Elastic worth $5,576,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Elastic in the second quarter worth $319,000. California State Teachers Retirement System lifted its holdings in shares of Elastic by 5,082.4% during the 2nd quarter. California State Teachers Retirement System now owns 5,419,694 shares of the company’s stock valued at $309,031,000 after acquiring an additional 5,315,115 shares in the last quarter. Syon Capital LLC purchased a new stake in Elastic during the 2nd quarter worth $3,300,000. denkapparat Operations GmbH acquired a new stake in Elastic in the 2nd quarter valued at $322,000. Finally, Wellington Management Group LLP purchased a new position in Elastic in the second quarter valued at about $41,889,000. 97.03% of the stock is owned by institutional investors and hedge funds.

Elastic Stock Performance

Shares of ESTC opened at $83.44 on Friday. The stock has a market capitalization of $8.76 billion, a PE ratio of 23.37, a price-to-earnings-growth ratio of 8.09 and a beta of 1.03. The business’s fifty day moving average price is $74.79 and its 200 day moving average price is $61.07. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.81 and a quick ratio of 1.81. Elastic N.V. has a 12-month low of $42.05 and a 12-month high of $108.00.

Elastic (NYSE:ESTC) last posted its quarterly earnings results on Thursday, August 27th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.12. Elastic had a net margin of 20.84% and a negative return on equity of 0.35%. The company had revenue of $478.11 million for the quarter, compared to the consensus estimate of $469.75 million. During the same period last year, the firm posted $0.60 EPS. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. Elastic has set its FY 2027 guidance at 3.290-3.370 EPS and its Q2 2027 guidance at 0.800-0.820 EPS. Equities research analysts forecast that Elastic N.V. will post 0.56 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ESTC. Cantor Fitzgerald upped their target price on Elastic from $91.00 to $100.00 and gave the stock a “neutral” rating in a research report on Friday, August 28th. TD Cowen raised their target price on Elastic from $55.00 to $70.00 and gave the company a “hold” rating in a report on Tuesday, August 25th. Needham & Company LLC reissued a “hold” rating on shares of Elastic in a research report on Friday, August 28th. Guggenheim upped their price target on Elastic from $106.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, August 28th. Finally, UBS Group lifted their price objective on shares of Elastic from $85.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $96.52.

Insider Buying and Selling at Elastic

In other Elastic news, CRO Mark Dodds sold 9,673 shares of Elastic stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $87.78, for a total value of $849,095.94. Following the completion of the transaction, the executive directly owned 288,538 shares in the company, valued at $25,327,865.64. The trade was a 3.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Ashutosh Kulkarni sold 29,227 shares of Elastic stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $87.78, for a total value of $2,565,546.06. Following the completion of the transaction, the chief executive officer owned 599,525 shares of the company’s stock, valued at approximately $52,626,304.50. The trade was a 4.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 991,434 shares of company stock worth $91,303,286. Insiders own 12.70% of the company’s stock.

Trending Headlines about Elastic

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Elastic introduced Elasticsearch Vector Database, a serverless offering designed for large-scale vector search and artificial-intelligence applications. The product is intended to simplify deployment, support hundreds of billions of vectors and strengthen Elastic’s position in the growing AI-search market. Elastic Introduces Serverless Vector Database
• Positive Sentiment: Wedbush began coverage with an “outperform” rating and a $125 price target, implying substantial upside from the recent trading level. The recommendation reflects optimism about Elastic’s AI, search and cloud growth opportunities.
• Positive Sentiment: Short interest dropped 39% between mid-August and August 31 to 3.87 million shares, or roughly 4.2% of shares outstanding. Reduced bearish positioning and only 1.1 days of short-interest coverage could provide technical support and limit short-selling pressure.
• Neutral Sentiment: Elastic’s latest quarterly results were strong, with $0.70 in adjusted EPS versus the $0.58 consensus and revenue of $478.1 million versus $469.8 million expected. Revenue grew 15.2% year over year, and fiscal 2027 EPS guidance was set at $3.29 to $3.37; however, these results were reported previously and may already be reflected in the stock’s valuation.
• Negative Sentiment: Several executives, including CEO Ashutosh Kulkarni, CFO Navam Welihinda, CRO Mark Dodds and CAO Jane Bone, sold shares on September 9. The sales totaled about 54,888 shares and $4.8 million, but were made to cover tax withholding on vested equity awards, making them less concerning than discretionary selling.
• Negative Sentiment: Repeated insider selling following a strong rally could still weigh on sentiment, particularly as investors assess whether the company’s AI-driven growth can justify its elevated valuation.

Elastic Profile

Elastic N.V. develops search, observability and security software for organizations that need to find, analyze and act on data. Its core technology, Elasticsearch, is a distributed search and analytics engine that can process structured and unstructured information from applications, websites, logs and other sources.

The company offers its platform through Elastic Cloud, a managed cloud service available across major public-cloud environments, as well as through self-managed deployments.