UBS Group AG Has $77.16 Million Holdings in Elastic N.V. $ESTC

UBS Group AG lifted its position in Elastic N.V. (NYSE:ESTC) by 100.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,022,734 shares of the company’s stock after acquiring an additional 512,805 shares during the period. UBS Group AG’s holdings in Elastic were worth $77,155,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Elastic by 7.4% in the third quarter. Vanguard Group Inc. now owns 10,206,204 shares of the company’s stock valued at $862,322,000 after acquiring an additional 705,991 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Elastic by 62.5% during the 3rd quarter. AQR Capital Management LLC now owns 2,977,361 shares of the company’s stock worth $251,557,000 after purchasing an additional 1,145,146 shares during the last quarter. State Street Corp increased its stake in shares of Elastic by 4.0% during the 2nd quarter. State Street Corp now owns 1,574,525 shares of the company’s stock worth $132,780,000 after purchasing an additional 59,850 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Elastic by 38.8% in the 3rd quarter. Bank of America Corp DE now owns 1,449,967 shares of the company’s stock valued at $122,508,000 after purchasing an additional 405,096 shares during the period. Finally, Two Sigma Investments LP raised its holdings in shares of Elastic by 4.1% in the 3rd quarter. Two Sigma Investments LP now owns 1,439,330 shares of the company’s stock valued at $121,609,000 after purchasing an additional 56,955 shares during the period. 97.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ESTC. Rothschild & Co Redburn assumed coverage on Elastic in a report on Thursday, April 23rd. They set a “neutral” rating and a $49.00 price target for the company. TD Cowen restated a “hold” rating on shares of Elastic in a research note on Monday, February 23rd. DA Davidson cut their price objective on Elastic from $80.00 to $65.00 and set a “neutral” rating for the company in a research report on Monday, March 2nd. Barclays reduced their target price on Elastic from $78.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. Finally, Piper Sandler dropped their price target on Elastic from $110.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, February 27th. Seventeen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $90.77.

Insider Activity at Elastic

In related news, insider Carolyn Herzog sold 3,989 shares of the business’s stock in a transaction that occurred 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 approximately $4,461,313.80. The trade was a 4.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CTO Shay Banon sold 4,283 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $52.28, for a total value of $223,915.24. Following the sale, the chief technology officer directly owned 4,354,945 shares in the company, valued at $227,676,524.60. This represents a 0.10% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 38,188 shares of company stock valued at $1,996,469. 12.70% of the stock is currently owned by insiders.

Elastic Price Performance

Elastic stock opened at $48.55 on Monday. The company has a market capitalization of $5.02 billion, a price-to-earnings ratio of -60.68, a PEG ratio of 61.32 and a beta of 0.88. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.72. Elastic N.V. has a 12 month low of $42.05 and a 12 month high of $96.07. The stock’s 50 day moving average is $50.77 and its 200-day moving average is $67.13.

Elastic (NYSE:ESTC) last released its quarterly earnings results 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. The business had revenue of $449.88 million during the quarter, compared to analysts’ expectations of $438.37 million. Elastic had a negative return on equity of 2.34% and a negative net margin of 5.04%.The firm’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period last year, the firm posted $0.63 EPS. Elastic has set its FY 2026 guidance at 2.500-2.540 EPS and its Q4 2026 guidance at 0.550-0.570 EPS. Equities research analysts expect that Elastic N.V. will post 0.04 EPS 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.