Charles Schwab Investment Management Inc. Buys 31,321 Shares of Elastic N.V. $ESTC

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Elastic N.V. by 5.6%, acquiring an additional 31,321 shares, bringing its total holdings to 594,406 shares worth approximately $52.96 million.
• Insider Ken Exner sold 6,918 shares of Elastic stock, while CRO Mark Eugene Dodds sold 5,514 shares on the same day, indicating a decrease in their ownership percentages.
• Recent analyst ratings for Elastic show a mix of upgrades and downgrades, with a consensus rating of Moderate Buy and a price target averaging $110.60.

Charles Schwab Investment Management Inc. lifted its position in shares of Elastic N.V. (NYSE:ESTC - Free Report) by 5.6% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 594,406 shares of the company's stock after buying an additional 31,321 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.57% of Elastic worth $52,962,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Sylebra Capital LLC lifted its stake in shares of Elastic by 62.6% during the 4th quarter. Sylebra Capital LLC now owns 4,561,462 shares of the company's stock valued at $451,950,000 after buying an additional 1,756,842 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Elastic by 5,437.6% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,288,128 shares of the company's stock valued at $203,872,000 after buying an additional 2,246,808 shares in the last quarter. Soma Equity Partners LP increased its holdings in Elastic by 61.5% in the 4th quarter. Soma Equity Partners LP now owns 989,349 shares of the company's stock valued at $98,025,000 after acquiring an additional 376,660 shares during the last quarter. Marshall Wace LLP increased its holdings in Elastic by 554.9% in the 4th quarter. Marshall Wace LLP now owns 641,041 shares of the company's stock valued at $63,514,000 after acquiring an additional 543,155 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Elastic by 137.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 604,519 shares of the company's stock valued at $53,863,000 after acquiring an additional 349,507 shares during the last quarter. Hedge funds and other institutional investors own 97.03% of the company's stock.

Elastic Price Performance

Shares of Elastic stock traded down $0.4630 during trading hours on Tuesday, reaching $78.0570. The company's stock had a trading volume of 723,473 shares, compared to its average volume of 1,651,031. The firm has a 50 day moving average price of $83.11 and a 200-day moving average price of $89.84. Elastic N.V. has a one year low of $69.00 and a one year high of $118.84. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.92 and a quick ratio of 1.92. The stock has a market cap of $8.24 billion, a P/E ratio of -74.34 and a beta of 1.07.

Elastic (NYSE:ESTC - Get Free Report) last issued its quarterly earnings results on Thursday, May 29th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.37 by $0.10. The company had revenue of $388.43 million for the quarter, compared to the consensus estimate of $380.61 million. Elastic had a negative net margin of 7.29% and a negative return on equity of 4.46%. The firm's revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $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. On average, analysts predict that Elastic N.V. will post -0.77 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on ESTC. Robert W. Baird reduced their price target on shares of Elastic from $125.00 to $115.00 and set an "outperform" rating on the stock in a report on Friday, May 30th. Oppenheimer reduced their price target on shares of Elastic from $120.00 to $100.00 and set an "outperform" rating on the stock in a report on Monday, July 21st. Rosenblatt Securities reduced their price target on shares of Elastic from $140.00 to $130.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Wall Street Zen upgraded shares of Elastic from a "hold" rating to a "buy" rating in a report on Friday, May 30th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Elastic from $120.00 to $110.00 and set an "overweight" rating on the stock in a report on Friday, May 30th. One 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 company's stock. According to data from MarketBeat, Elastic currently has an average rating of "Moderate Buy" and an average target price of $110.60.

Insider Activity at Elastic

In related news, CEO Ashutosh Kulkarni sold 22,901 shares of the company's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $86.91, for a total transaction of $1,990,325.91. Following the transaction, the chief executive officer directly owned 454,841 shares in the company, valued at approximately $39,530,231.31. This represents a 4.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Shay Banon sold 5,117 shares of the company's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $86.91, for a total transaction of $444,718.47. Following the transaction, the chief technology officer owned 4,560,291 shares in the company, valued at $396,334,890.81. The trade was a 0.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 50,913 shares of company stock worth $4,416,324 in the last three months. 15.90% of the stock is owned by insiders.

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.