Capital Fund Management S.A. Has $9.28 Million Stock Position in Elastic N.V. $ESTC

Key Points

• Capital Fund Management S.A. significantly increased its stake in Elastic N.V. by 986.3% in Q1, now holding approximately $9.28 million worth of the company’s stock.
• Several analysts downgraded their price targets for Elastic, with TD Securities reducing it from $125.00 to $105.00 while maintaining a "hold" rating.
• The company reported a 15.9% year-over-year increase in revenue, totaling $388.43 million for the last quarter, surpassing analyst estimates.

Capital Fund Management S.A. raised its position in Elastic N.V. (NYSE:ESTC - Free Report) by 986.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 104,198 shares of the company's stock after acquiring an additional 94,606 shares during the period. Capital Fund Management S.A. owned about 0.10% of Elastic worth $9,284,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ESTC. Envestnet Asset Management Inc. raised its holdings in Elastic by 17.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 24,348 shares of the company's stock valued at $2,412,000 after acquiring an additional 3,602 shares in the last quarter. Invesco Ltd. raised its holdings in Elastic by 5.4% in the 4th quarter. Invesco Ltd. now owns 76,329 shares of the company's stock valued at $7,563,000 after acquiring an additional 3,887 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Elastic in the 4th quarter valued at approximately $3,019,000. Mariner LLC raised its holdings in Elastic by 16.6% in the 4th quarter. Mariner LLC now owns 6,249 shares of the company's stock valued at $619,000 after acquiring an additional 889 shares in the last quarter. Finally, Guggenheim Capital LLC raised its holdings in Elastic by 3.3% in the 4th quarter. Guggenheim Capital LLC now owns 7,278 shares of the company's stock valued at $721,000 after acquiring an additional 230 shares in the last quarter. Institutional investors and hedge funds own 97.03% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on ESTC. TD Securities cut their price target on Elastic from $125.00 to $105.00 and set a "hold" rating for the company in a report on Wednesday, May 21st. Barclays dropped their target price on Elastic from $124.00 to $105.00 and set an "overweight" rating for the company in a report on Friday, May 30th. Oppenheimer dropped their target price on Elastic from $120.00 to $100.00 and set an "outperform" rating for the company in a report on Monday, July 21st. JPMorgan Chase & Co. dropped their target price on Elastic from $120.00 to $110.00 and set an "overweight" rating for the company in a report on Friday, May 30th. Finally, UBS Group reissued a "buy" rating and issued a $95.00 target price (down from $148.00) on shares of Elastic in a report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, Elastic presently has an average rating of "Moderate Buy" and an average price target of $110.60.

Elastic Stock Up 0.5%

NYSE ESTC opened at $77.4820 on Friday. The firm has a market cap of $8.18 billion, a PE ratio of -73.79 and a beta of 1.07. Elastic N.V. has a one year low of $69.00 and a one year high of $118.84. The stock's 50 day simple moving average is $82.73 and its 200 day simple moving average is $89.43. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.92 and a quick ratio of 1.92.

Elastic (NYSE:ESTC - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The company reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.10. The business had revenue of $388.43 million for the quarter, compared to analyst estimates of $380.61 million. Elastic had a negative return on equity of 4.46% and a negative net margin of 7.29%.Elastic's revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.21 EPS. Elastic has set its FY 2026 guidance at 2.240-2.32 EPS. Q1 2026 guidance at 0.410-0.43 EPS. As a group, sell-side analysts forecast that Elastic N.V. will post -0.77 earnings per share for the current fiscal year.

Insider Buying and Selling at Elastic

In related news, CEO Ashutosh Kulkarni sold 22,901 shares of the stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $86.91, for a total transaction of $1,990,325.91. Following the sale, the chief executive officer directly owned 454,841 shares in the company, valued at $39,530,231.31. This represents a 4.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Mark Eugene Dodds sold 2,500 shares of the stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $83.50, for a total value of $208,750.00. Following the sale, the executive owned 172,321 shares in the company, valued at approximately $14,388,803.50. This trade represents a 1.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,913 shares of company stock worth $4,416,324 over the last 90 days. Company insiders own 15.90% of the company's stock.

About Elastic

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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