SG Americas Securities LLC Has $40.82 Million Stock Holdings in Elastic N.V. $ESTC

SG Americas Securities LLC increased its stake in shares of Elastic N.V. (NYSE:ESTC) by 30.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 483,138 shares of the company’s stock after buying an additional 112,817 shares during the period. SG Americas Securities LLC owned 0.45% of Elastic worth $40,820,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. AXQ Capital LP bought a new position in Elastic during the 2nd quarter worth $419,000. Geode Capital Management LLC increased its position in shares of Elastic by 3.6% in the second quarter. Geode Capital Management LLC now owns 1,569,578 shares of the company’s stock worth $132,384,000 after purchasing an additional 54,812 shares during the period. Mackenzie Financial Corp lifted its position in Elastic by 622.2% during the second quarter. Mackenzie Financial Corp now owns 77,005 shares of the company’s stock worth $6,494,000 after purchasing an additional 66,342 shares during the period. Panagora Asset Management Inc. grew its stake in Elastic by 102.3% during the second quarter. Panagora Asset Management Inc. now owns 464,268 shares of the company’s stock worth $39,152,000 after buying an additional 234,735 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd increased its holdings in Elastic by 147.0% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 57,690 shares of the company’s stock valued at $4,865,000 after buying an additional 34,336 shares during the period. 97.03% of the stock is owned by institutional investors.

Insider Transactions at Elastic

In other Elastic news, Director Paul R. Auvil III purchased 10,000 shares of the company’s stock in a transaction dated Monday, December 1st. The stock was purchased at an average price of $71.02 per share, with a total value of $710,200.00. Following the completion of the purchase, the director owned 37,956 shares of the company’s stock, valued at approximately $2,695,635.12. The trade was a 35.77% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Ashutosh Kulkarni sold 20,413 shares of the stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $75.05, for a total value of $1,531,995.65. Following the completion of the sale, the chief executive officer owned 431,901 shares of the company’s stock, valued at $32,414,170.05. The trade was a 4.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 61,891 shares of company stock worth $4,654,707. 12.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on ESTC shares. Citigroup reduced their price target on shares of Elastic from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, November 24th. Monness Crespi & Hardt downgraded Elastic from a “buy” rating to a “neutral” rating in a report on Friday, November 21st. Guggenheim decreased their price target on Elastic from $122.00 to $116.00 and set a “buy” rating on the stock in a research note on Friday, November 21st. Cantor Fitzgerald dropped their price objective on Elastic from $94.00 to $85.00 and set a “neutral” rating for the company in a research report on Friday, November 21st. Finally, UBS Group reduced their price objective on Elastic from $125.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, November 21st. Seventeen investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Elastic presently has a consensus rating of “Moderate Buy” and an average price target of $106.00.

Elastic Price Performance

Shares of ESTC opened at $77.14 on Thursday. Elastic N.V. has a 12-month low of $68.10 and a 12-month high of $118.84. The business has a 50-day simple moving average of $79.32 and a two-hundred day simple moving average of $82.54. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.64. The stock has a market cap of $8.13 billion, a PE ratio of -74.89, a PEG ratio of 299.88 and a beta of 0.92.

Elastic (NYSE:ESTC) last announced its quarterly earnings results on Thursday, November 20th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.06. Elastic had a negative return on equity of 2.02% and a negative net margin of 6.79%.The firm had revenue of $423.48 million for the quarter, compared to analyst estimates of $418.27 million. During the same period last year, the firm posted $0.59 earnings per share. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. Elastic has set its Q3 2026 guidance at 0.630-0.65 EPS. Analysts anticipate that Elastic N.V. will post -0.77 earnings per share for the current fiscal year.

Elastic declared that its board has approved a share buyback program on Thursday, October 9th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

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.