Maxi Investments CY Ltd Makes New $884,000 Investment in Elastic N.V. $ESTC

Maxi Investments CY Ltd bought a new stake in Elastic N.V. (NYSE:ESTC) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,638 shares of the company’s stock, valued at approximately $884,000.

Several other large investors also recently added to or reduced their stakes in the stock. Amundi increased its holdings in shares of Elastic by 37.2% during the 1st quarter. Amundi now owns 296,604 shares of the company’s stock worth $14,827,000 after buying an additional 80,441 shares during the last quarter. Engineers Gate Manager LP raised its position in shares of Elastic by 43.7% during the 2nd quarter. Engineers Gate Manager LP now owns 129,697 shares of the company’s stock valued at $7,395,000 after buying an additional 39,468 shares during the period. California State Teachers Retirement System lifted its holdings in Elastic by 21.8% in the first quarter. California State Teachers Retirement System now owns 104,579 shares of the company’s stock valued at $5,228,000 after acquiring an additional 18,716 shares during the last quarter. Osborne Partners Capital Management LLC lifted its holdings in Elastic by 78.8% in the first quarter. Osborne Partners Capital Management LLC now owns 143,144 shares of the company’s stock valued at $7,156,000 after acquiring an additional 63,105 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its holdings in Elastic by 13.9% in the first quarter. Quantinno Capital Management LP now owns 468,884 shares of the company’s stock valued at $23,440,000 after acquiring an additional 57,191 shares during the last quarter. 97.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on ESTC. Needham & Company LLC reissued a “hold” rating on shares of Elastic in a research note on Friday, October 9th. Citigroup lifted their target price on Elastic from $104.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, August 28th. JPMorgan Chase & Co. upped their price target on Elastic from $93.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, August 28th. Truist Financial increased their price target on Elastic from $80.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Finally, Guggenheim increased 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. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $98.56.

Elastic Price Performance

ESTC stock opened at $106.39 on Tuesday. The business’s fifty day moving average price is $90.86 and its 200 day moving average price is $66.97. Elastic N.V. has a 12-month low of $42.05 and a 12-month high of $108.00. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $11.17 billion, a PE ratio of 29.80, a P/E/G ratio of 8.60 and a beta of 1.03.

Elastic (NYSE:ESTC) last announced its earnings results on Thursday, August 27th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.12. The company had revenue of $478.11 million during the quarter, compared to analysts’ expectations of $469.75 million. Elastic had a negative return on equity of 0.35% and a net margin of 20.84%. Elastic’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period last year, the business posted $0.60 EPS. Elastic has set its FY 2027 guidance at 3.290-3.370 EPS and its Q2 2027 guidance at 0.800-0.820 EPS. On average, sell-side analysts anticipate that Elastic N.V. will post 0.65 EPS for the current year.

Insider Buying and Selling at Elastic

In related news, insider Carolyn Herzog sold 5,485 shares of the company’s stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $87.78, for a total transaction of $481,473.30. Following the sale, the insider directly owned 112,954 shares of the company’s stock, valued at $9,915,102.12. This represents a 4.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Steven Schuurman sold 2,000,000 shares of the company’s stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $94.15, for a total transaction of $188,300,000.00. Following the sale, the director directly owned 2,504,600 shares in the company, valued at approximately $235,808,090. The trade was a 44.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 4,585,641 shares of company stock valued at $422,851,366. Corporate insiders own 12.70% of the company’s stock.

Elastic Profile

Elastic N.V. develops search-powered software and services for organizations worldwide. Its technology helps businesses search, analyze and act on structured and unstructured data across applications, websites, infrastructure and security environments. Elastic offers its products through cloud-based and self-managed deployment options.

The company’s core platform, the Elastic Search AI Platform, is built around Elasticsearch and Kibana. Its offerings include Elastic Cloud, a managed cloud service, as well as solutions for enterprise search, observability and security.