Cantor Fitzgerald Investment Advisors L.P. Makes New $2.61 Million Investment in Elastic N.V. $ESTC

Key Points

• Cantor Fitzgerald Investment Advisors acquired 28,500 Elastic shares worth approximately $2.61 million in the third quarter. Institutional investors collectively own 97.03% of the company.
• Elastic shares traded at $98.85, up 3.4%, near the analyst consensus price target of $98.56. Analysts maintain a “Moderate Buy” average rating, with recent price-target increases as high as $120.
• Elastic exceeded quarterly expectations, reporting adjusted EPS of $0.70 versus a $0.58 estimate and revenue of $478.11 million, up 15.2% year over year. However, insiders sold roughly $422.9 million of stock over the past three months.

Cantor Fitzgerald Investment Advisors L.P. bought a new stake in Elastic N.V. (NYSE:ESTC - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 28,500 shares of the company's stock, valued at approximately $2,613,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. purchased a new stake in Elastic during the 3rd quarter valued at about $2,279,000. Nisa Investment Advisors LLC increased its holdings in shares of Elastic by 43.1% in the third quarter. Nisa Investment Advisors LLC now owns 2,091 shares of the company's stock valued at $192,000 after purchasing an additional 630 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Elastic by 10.1% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,608 shares of the company's stock worth $514,000 after purchasing an additional 514 shares during the last quarter. Curated Wealth Partners LLC purchased a new position in shares of Elastic in the third quarter worth about $304,000. Finally, Fortitude Family Office LLC raised its stake in shares of Elastic by 303.7% in the third quarter. Fortitude Family Office LLC now owns 650 shares of the company's stock worth $60,000 after purchasing an additional 489 shares during the last quarter. Hedge funds and other institutional investors own 97.03% of the company's stock.

Elastic Trading Up 3.4%

Shares of NYSE:ESTC opened at $98.85 on Thursday. Elastic N.V. has a 12-month low of $42.05 and a 12-month high of $108.00. The company has a market capitalization of $10.38 billion, a PE ratio of 27.69, a PEG ratio of 8.03 and a beta of 1.03. The business has a 50 day moving average of $90.01 and a two-hundred day moving average of $68.83. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.44.

Elastic (NYSE:ESTC - Get Free Report) last released its quarterly earnings data on Thursday, August 27th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.58 by $0.12. The business had revenue of $478.11 million for the quarter, compared to analyst estimates of $469.75 million. Elastic had a negative return on equity of 0.35% and a net margin of 20.84%. The business's quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.60 EPS. Elastic has set its FY 2027 guidance at 3.290-3.370 EPS and its Q2 2027 guidance at 0.800-0.820 EPS. As a group, analysts forecast that Elastic N.V. will post 0.65 EPS for the current year.

Insider Activity

In other Elastic news, insider Carolyn Herzog sold 5,485 shares of Elastic stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $87.78, for a total value of $481,473.30. Following the completion of the transaction, the insider owned 112,954 shares of the company's stock, valued at approximately $9,915,102.12. The trade was a 4.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Shay Banon sold 84,207 shares of Elastic stock in a transaction on Monday, September 14th. The shares were sold at an average price of $84.64, for a total transaction of $7,127,280.48. Following the completion of the transaction, the chief technology officer directly owned 3,910,563 shares of the company's stock, valued at $330,990,052.32. The trade was a 2.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 4,585,641 shares of company stock valued at $422,851,366 in the last three months. Corporate insiders own 12.70% of the company's stock.

Analyst Ratings Changes

ESTC has been the subject of a number of research reports. Royal Bank Of Canada lifted their target price on Elastic from $70.00 to $87.00 and gave the stock an "outperform" rating in a report on Friday, August 14th. TD Cowen increased their price target on shares of Elastic from $55.00 to $70.00 and gave the stock a "hold" rating in a report on Tuesday, August 25th. Guggenheim raised their price target on shares of Elastic from $106.00 to $120.00 and gave the stock a "buy" rating in a research report on Friday, August 28th. Barclays raised their price target on shares of Elastic from $68.00 to $94.00 and gave the stock an "overweight" rating in a research report on Monday, August 24th. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Elastic in a research note on Tuesday, October 13th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $98.56.

Elastic Company Profile

Elastic N.V. develops search-powered software and services for organizations worldwide. Its technology helps businesses search, analyze and act on structured and unstructured data across applications, websites, infrastructure and security environments. Elastic offers its products through cloud-based and self-managed deployment options.

The company's core platform, the Elastic Search AI Platform, is built around Elasticsearch and Kibana. Its offerings include Elastic Cloud, a managed cloud service, as well as solutions for enterprise search, observability and security.

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