TimesSquare Capital Management LLC Decreases Stock Holdings in Elastic N.V. $ESTC

TimesSquare Capital Management LLC reduced its holdings in shares of Elastic N.V. (NYSE:ESTC) by 4.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 639,662 shares of the company’s stock after selling 32,513 shares during the quarter. TimesSquare Capital Management LLC’s holdings in Elastic were worth $48,256,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Orion Porfolio Solutions LLC grew its holdings in Elastic by 1.4% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 8,593 shares of the company’s stock valued at $726,000 after purchasing an additional 118 shares in the last quarter. 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 worth $98,000 after buying an additional 171 shares during the period. Public Employees Retirement System of Ohio increased its stake in Elastic by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 28,323 shares of the company’s stock worth $2,393,000 after buying an additional 175 shares during the period. Jones Financial Companies Lllp increased its stake in Elastic by 6.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 3,020 shares of the company’s stock worth $260,000 after buying an additional 194 shares during the period. Finally, California State Teachers Retirement System increased its stake in Elastic by 0.3% during the 2nd quarter. California State Teachers Retirement System now owns 83,403 shares of the company’s stock worth $7,033,000 after buying an additional 219 shares during the period. 97.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ESTC shares. Barclays dropped their price target on shares of Elastic from $78.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, February 27th. Rothschild & Co Redburn started coverage on shares of Elastic in a research note on Thursday, April 23rd. They set a “neutral” rating and a $49.00 price target on the stock. Rosenblatt Securities dropped their price target on shares of Elastic from $130.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, January 30th. Citigroup dropped their price target on shares of Elastic from $115.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Elastic from $113.00 to $98.00 and set an “overweight” rating on the stock in a research note on Friday, February 20th. Seventeen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Elastic presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.77.

Insider Activity

In other Elastic news, insider Carolyn Herzog sold 3,989 shares of the stock in a transaction on Monday, March 9th. The shares were sold at an average price of $52.28, for a total transaction of $208,544.92. Following the transaction, the insider directly owned 85,335 shares in the company, valued at $4,461,313.80. This represents a 4.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Ashutosh Kulkarni sold 17,756 shares of the stock in a transaction on Monday, March 9th. The shares were sold at an average price of $52.28, for a total transaction of $928,283.68. Following the transaction, the chief executive officer owned 409,145 shares in the company, valued at $21,390,100.60. This trade represents a 4.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 38,188 shares of company stock worth $1,996,469 over the last ninety days. Insiders own 12.70% of the company’s stock.

Elastic Trading Up 6.6%

NYSE ESTC opened at $53.96 on Tuesday. Elastic N.V. has a 12 month low of $42.05 and a 12 month high of $96.07. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.82 and a quick ratio of 1.82. The company has a market capitalization of $5.59 billion, a price-to-earnings ratio of -67.46, a price-to-earnings-growth ratio of 63.83 and a beta of 0.88. The company’s fifty day moving average price is $49.91 and its two-hundred day moving average price is $64.72.

Elastic (NYSE:ESTC) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.09. Elastic had a negative net margin of 5.04% and a negative return on equity of 2.34%. The firm had revenue of $449.88 million for the quarter, compared to the consensus estimate of $438.37 million. During the same period in the prior year, the firm posted $0.63 EPS. The firm’s 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. As a group, research analysts predict that Elastic N.V. will post 0.04 earnings per share for the current fiscal year.

Elastic Company 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.