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CW Advisors LLC Takes $2.46 Million Position in Elastic N.V. $ESTC

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Key Points

  • CW Advisors LLC has made a new investment in Elastic N.V. (NYSE:ESTC), purchasing 27,570 shares valued at approximately $2.46 million.
  • Several hedge funds significantly increased their holdings in Elastic, including Massachusetts Financial Services Co., which raised its stake by 5,437.6%, now owning over 2.2 million shares.
  • In a recent report, analysts from Canaccord Genuity and Barclays have lowered their target prices for Elastic, with consensus ratings reflecting a "Moderate Buy" position and an average target price of approximately $110.60.
  • Want stock alerts on Elastic? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

CW Advisors LLC purchased a new position in shares of Elastic N.V. (NYSE:ESTC - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 27,570 shares of the company's stock, valued at approximately $2,456,000.

Several other large investors have also recently added to or reduced their stakes in ESTC. Signaturefd LLC boosted its stake in shares of Elastic by 53.7% during the 1st quarter. Signaturefd LLC now owns 335 shares of the company's stock worth $30,000 after acquiring an additional 117 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Elastic by 4.5% during the 1st quarter. Parallel Advisors LLC now owns 3,396 shares of the company's stock worth $303,000 after acquiring an additional 145 shares during the period. Y.D. More Investments Ltd increased its position in Elastic by 0.5% during the first quarter. Y.D. More Investments Ltd now owns 29,742 shares of the company's stock worth $2,756,000 after purchasing an additional 145 shares during the last quarter. WCM Investment Management LLC raised its position in shares of Elastic by 0.7% in the 1st quarter. WCM Investment Management LLC now owns 23,811 shares of the company's stock worth $2,183,000 after buying an additional 169 shares during the period. Finally, MetLife Investment Management LLC lifted its stake in shares of Elastic by 4.6% in the 4th quarter. MetLife Investment Management LLC now owns 5,365 shares of the company's stock valued at $532,000 after purchasing an additional 237 shares in the last quarter. 97.03% of the stock is owned by hedge funds and other institutional investors.

Elastic Stock Up 5.7%

Shares of Elastic stock traded up $4.78 on Thursday, hitting $88.08. 4,887,021 shares of the company traded hands, compared to its average volume of 1,690,649. The company has a market cap of $9.30 billion, a PE ratio of -83.88 and a beta of 1.07. Elastic N.V. has a 12-month low of $69.00 and a 12-month high of $118.84. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.61. The company has a 50-day moving average price of $82.58 and a 200 day moving average price of $88.48.

Elastic (NYSE:ESTC - Get Free Report) last released its quarterly earnings data on Thursday, August 28th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.50). Elastic had a negative net margin of 7.29% and a negative return on equity of 4.46%. Elastic has set its FY 2026 guidance at 2.290-2.350 EPS. Q2 2026 guidance at 0.560-0.580 EPS. Sell-side analysts predict that Elastic N.V. will post -0.77 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on ESTC shares. Monness Crespi & Hardt upgraded shares of Elastic from a "neutral" rating to a "buy" rating and set a $111.00 price objective on the stock in a research note on Friday, June 27th. Robert W. Baird decreased their target price on Elastic from $125.00 to $115.00 and set an "outperform" rating for the company in a research report on Friday, May 30th. Stifel Nicolaus dropped their price objective on shares of Elastic from $140.00 to $112.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. Canaccord Genuity Group dropped their target price on Elastic from $135.00 to $110.00 and set a "buy" rating on the stock in a research report on Monday, June 2nd. Finally, UBS Group restated a "buy" rating and issued a $95.00 target price (down from $148.00) on shares of Elastic in a research report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat, Elastic currently has a consensus rating of "Moderate Buy" and a consensus price target of $110.60.

Check Out Our Latest Report on ESTC

Insider Activity at Elastic

In other news, insider Carolyn Herzog sold 5,702 shares of the business's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $86.91, for a total transaction of $495,560.82. Following the completion of the sale, the insider owned 93,985 shares in the company, valued at $8,168,236.35. The trade was a 5.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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 approximately $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. In the last 90 days, insiders sold 50,913 shares of company stock valued at $4,416,324. Insiders own 15.90% of the company's stock.

Elastic Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Elastic (NYSE:ESTC)

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