Sivia Capital Partners LLC Has $1.02 Million Holdings in Elastic N.V. $ESTC

Sivia Capital Partners LLC lifted its stake in Elastic N.V. (NYSE:ESTC) by 337.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,569 shares of the company’s stock after buying an additional 10,470 shares during the period. Sivia Capital Partners LLC’s holdings in Elastic were worth $1,024,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. J. Safra Sarasin Holding AG raised its holdings in shares of Elastic by 43.0% in the 4th quarter. J. Safra Sarasin Holding AG now owns 189,138 shares of the company’s stock worth $14,269,000 after buying an additional 56,892 shares in the last quarter. Cinctive Capital Management LP acquired a new position in shares of Elastic in the 3rd quarter worth approximately $13,608,000. Thematics Asset Management raised its holdings in shares of Elastic by 10.2% in the 3rd quarter. Thematics Asset Management now owns 523,283 shares of the company’s stock worth $44,212,000 after buying an additional 48,346 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Elastic by 50.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 891,279 shares of the company’s stock worth $75,304,000 after buying an additional 300,264 shares in the last quarter. Finally, Citigroup Inc. raised its holdings in shares of Elastic by 89.0% in the 3rd quarter. Citigroup Inc. now owns 89,357 shares of the company’s stock worth $7,550,000 after buying an additional 42,087 shares in the last quarter. 97.03% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Elastic

In other news, insider Ken Exner sold 4,310 shares of the firm’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $52.28, for a total value of $225,326.80. Following the transaction, the insider directly owned 222,728 shares in the company, valued at $11,644,219.84. This trade represents a 1.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Shay Banon sold 4,283 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief technology officer owned 4,354,945 shares in the company, valued at $227,676,524.60. This represents a 0.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 38,188 shares of company stock worth $1,996,469. Corporate insiders own 12.70% of the company’s stock.

Elastic Stock Down 5.2%

Shares of ESTC opened at $64.08 on Thursday. The firm has a market capitalization of $6.63 billion, a price-to-earnings ratio of 18.31, a PEG ratio of 53.09 and a beta of 1.00. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.82 and a current ratio of 1.82. The business’s fifty day moving average price is $51.14 and its two-hundred day moving average price is $62.06. Elastic N.V. has a 52 week low of $42.05 and a 52 week high of $96.07.

Elastic (NYSE:ESTC) last announced its quarterly earnings data on Thursday, May 28th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.05. The firm had revenue of $450.68 million for the quarter, compared to analyst estimates of $446.66 million. Elastic had a negative return on equity of 2.02% and a net margin of 21.14%.The business’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period last year, the company earned $0.47 EPS. Elastic has set its FY 2027 guidance at 3.210-3.290 EPS and its Q1 2027 guidance at 0.570-0.590 EPS. On average, analysts predict that Elastic N.V. will post 0.06 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Morgan Stanley decreased their price target on Elastic from $80.00 to $73.00 and set an “overweight” rating on the stock in a research report on Monday, March 2nd. TD Cowen decreased their price target on Elastic from $65.00 to $60.00 and set a “hold” rating on the stock in a research report on Tuesday, May 26th. Jefferies Financial Group decreased their price target on Elastic from $95.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, May 29th. JPMorgan Chase & Co. decreased their price target on Elastic from $99.00 to $80.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 27th. Finally, Barclays decreased their price target on Elastic from $76.00 to $68.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Eighteen analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Elastic presently has an average rating of “Moderate Buy” and an average price target of $80.04.

About Elastic

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.