14,354 Shares in Elastic N.V. $ESTC Bought by Vontobel Holding Ltd.

Key Points

• Vontobel Holding Ltd. purchased 14,354 shares of Elastic N.V. for approximately $1.21 million in the second quarter, reflecting a growing interest from institutional investors.
• Elastic's stock performance has been mixed, with a current market cap of $9.19 billion, and the company recently reported earnings of ($0.08) per share, missing analysts' expectations.
• The company’s Board of Directors has initiated a share repurchase plan, indicating belief that Elastic's shares may be undervalued.

Vontobel Holding Ltd. acquired a new position in Elastic N.V. (NYSE:ESTC - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 14,354 shares of the company's stock, valued at approximately $1,210,000.

Several other large investors also recently modified their holdings of ESTC. Massachusetts Financial Services Co. MA grew its holdings in shares of Elastic by 5,437.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,288,128 shares of the company's stock worth $203,872,000 after acquiring an additional 2,246,808 shares during the period. AQR Capital Management LLC grew its holdings in Elastic by 6,651.3% during the first quarter. AQR Capital Management LLC now owns 1,403,859 shares of the company's stock valued at $122,978,000 after purchasing an additional 1,383,065 shares during the period. Driehaus Capital Management LLC grew its holdings in Elastic by 1,450.8% during the first quarter. Driehaus Capital Management LLC now owns 880,454 shares of the company's stock valued at $78,448,000 after purchasing an additional 823,680 shares during the period. Shannon River Fund Management LLC bought a new stake in Elastic during the first quarter valued at about $31,981,000. Finally, RGM Capital LLC grew its holdings in Elastic by 38.1% during the first quarter. RGM Capital LLC now owns 1,197,030 shares of the company's stock valued at $106,655,000 after purchasing an additional 330,290 shares during the period. Institutional investors own 97.03% of the company's stock.

Insider Buying and Selling

In related news, CEO Ashutosh Kulkarni sold 5,000 shares of the business's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $88.12, for a total value of $440,600.00. Following the sale, the chief executive officer directly owned 452,314 shares in the company, valued at approximately $39,857,909.68. The trade was a 1.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ken Exner sold 6,290 shares of the business's stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $90.12, for a total value of $566,854.80. Following the completion of the sale, the insider owned 233,582 shares in the company, valued at $21,050,409.84. This represents a 2.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 350,792 shares of company stock valued at $30,978,369 in the last ninety days. Company insiders own 12.70% of the company's stock.

Elastic Stock Performance

NYSE ESTC opened at $86.52 on Monday. The firm has a market cap of $9.19 billion, a price-to-earnings ratio of -108.15 and a beta of 1.05. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.59. The business has a 50-day moving average price of $83.40 and a 200-day moving average price of $84.40. Elastic N.V. has a twelve month low of $70.14 and a twelve month high of $118.84.

Elastic (NYSE:ESTC - Get Free Report) last released its quarterly earnings data on Thursday, August 28th. The company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.50). The business had revenue of $415.29 million during the quarter, compared to the consensus estimate of $397.13 million. Elastic had a negative return on equity of 1.68% and a negative net margin of 5.38%.The business's revenue was up 19.5% on a year-over-year basis. During the same period last year, the company earned $0.35 EPS. Elastic has set its FY 2026 guidance at 2.290-2.350 EPS. Q2 2026 guidance at 0.560-0.580 EPS. As a group, equities research analysts predict that Elastic N.V. will post -0.77 EPS for the current fiscal year.

Elastic announced that its Board of Directors has initiated a share repurchase plan on Thursday, October 9th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Weiss Ratings reissued a "sell (d)" rating on shares of Elastic in a report on Wednesday, October 8th. Piper Sandler boosted their price target on Elastic from $120.00 to $125.00 and gave the company an "overweight" rating in a report on Friday, August 29th. Scotiabank set a $90.00 price target on Elastic and gave the company a "sector perform" rating in a report on Monday, October 6th. Cowen reissued a "hold" rating on shares of Elastic in a report on Friday, August 29th. Finally, Cantor Fitzgerald reissued a "neutral" rating on shares of Elastic in a report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $119.00.

Elastic Company Profile

Elastic N.V., a data analytics company, delivers solutions designed to run in public or private clouds in multi-cloud environments. It primarily offers Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as performs search, analysis, and visualization on that data.

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