American Century Companies Inc. Purchases 56,432 Shares of Elastic N.V. $ESTC

Key Points

• American Century Companies Inc. increased its stake in Elastic by 14.0%, purchasing 56,432 shares to hold 459,182 shares worth about $38.8 million (≈0.43% of the company).
• Elastic beat quarterly expectations, reporting $0.73 EPS vs. $0.64 expected and $449.9M revenue (up 17.7% YoY), and set FY2026 guidance of 2.500–2.540 EPS.
• Insiders sold about 56,028 shares (~$4.21M) in the last three months even as institutional investors hold roughly 97.03% of the stock and insiders own 12.7%.

American Century Companies Inc. lifted its position in shares of Elastic N.V. (NYSE:ESTC - Free Report) by 14.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 459,182 shares of the company's stock after purchasing an additional 56,432 shares during the quarter. American Century Companies Inc. owned approximately 0.43% of Elastic worth $38,796,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Geneos Wealth Management Inc. acquired a new position in shares of Elastic in the 2nd quarter worth approximately $31,000. Huntington National Bank grew its stake in Elastic by 97.5% during the second quarter. Huntington National Bank now owns 468 shares of the company's stock worth $39,000 after buying an additional 231 shares during the last quarter. Promus Capital LLC bought a new stake in Elastic during the second quarter worth about $45,000. True Wealth Design LLC increased its holdings in shares of Elastic by 391.2% during the third quarter. True Wealth Design LLC now owns 673 shares of the company's stock worth $57,000 after buying an additional 536 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in shares of Elastic by 1,170.4% during the second quarter. Allworth Financial LP now owns 686 shares of the company's stock worth $58,000 after buying an additional 632 shares in the last quarter. 97.03% of the stock is currently owned by institutional investors and hedge funds.

Elastic Trading Up 1.3%

Shares of NYSE ESTC opened at $53.74 on Friday. Elastic N.V. has a twelve month low of $49.90 and a twelve month high of $103.79. The stock has a market cap of $5.56 billion, a price-to-earnings ratio of -67.17, a P/E/G ratio of 74.31 and a beta of 0.98. The company has a quick ratio of 1.97, a current ratio of 1.82 and a debt-to-equity ratio of 0.72. The company's fifty day moving average is $65.99 and its 200-day moving average is $77.00.

Elastic (NYSE:ESTC - Get Free Report) last posted its earnings results on Thursday, February 26th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.64 by $0.09. Elastic had a negative return on equity of 2.34% and a negative net margin of 5.04%.The business had revenue of $449.88 million during the quarter, compared to analysts' expectations of $438.37 million. During the same period in the prior year, the business earned $0.63 EPS. Elastic's revenue for the quarter 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. Equities research analysts predict that Elastic N.V. will post -0.77 EPS for the current year.

Insider Buying and Selling

In other news, insider Ken Exner sold 6,544 shares of the stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $75.05, for a total value of $491,127.20. Following the completion of the sale, the insider owned 227,038 shares of the company's stock, valued at approximately $17,039,201.90. This represents a 2.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Carolyn Herzog sold 5,353 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 transaction of $401,742.65. Following the completion of the sale, the insider owned 89,324 shares of the company's stock, valued at approximately $6,703,766.20. This represents a 5.65% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 56,028 shares of company stock worth $4,208,330 over the last three months. Company insiders own 12.70% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Truist Financial reduced their target price on Elastic from $105.00 to $80.00 and set a "buy" rating on the stock in a report on Friday, February 27th. Guggenheim reaffirmed a "buy" rating and set a $116.00 price target on shares of Elastic in a report on Wednesday, February 18th. JPMorgan Chase & Co. cut their price objective on Elastic from $113.00 to $98.00 and set an "overweight" rating for the company in a research report on Friday, February 20th. Morgan Stanley reduced their price objective on Elastic from $80.00 to $73.00 and set an "overweight" rating on the stock in a research note on Monday, March 2nd. Finally, Monness Crespi & Hardt cut Elastic from a "buy" rating to a "neutral" rating in a report on Friday, November 21st. Seventeen equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given 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 $95.25.

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.

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