Cwm LLC Has $4.63 Million Position in Elastic N.V. $ESTC

Key Points

• Cwm LLC increased its holdings in Elastic N.V. by 11.0%, owning approximately 54,941 shares valued at $4.63 million as of the latest SEC filing.
• Several institutional investors significantly boosted their positions in Elastic, with Massachusetts Financial Services increasing its ownership by 5,437.6% in the 1st quarter.
• Elastic reported a loss of $0.08 earnings per share in its recent quarter, missing analyst estimates but showing a 19.5% year-over-year revenue growth.

Cwm LLC boosted its holdings in Elastic N.V. (NYSE:ESTC - Free Report) by 11.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54,941 shares of the company's stock after buying an additional 5,464 shares during the period. Cwm LLC owned approximately 0.05% of Elastic worth $4,633,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ESTC. Massachusetts Financial Services Co. MA grew its holdings in shares of Elastic by 5,437.6% in 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 during the period. AQR Capital Management LLC grew its holdings in shares of Elastic by 6,651.3% in the 1st quarter. AQR Capital Management LLC now owns 1,403,859 shares of the company's stock valued at $122,978,000 after buying an additional 1,383,065 shares during the period. Driehaus Capital Management LLC grew its holdings in shares of Elastic by 1,450.8% in the 1st quarter. Driehaus Capital Management LLC now owns 880,454 shares of the company's stock valued at $78,448,000 after buying an additional 823,680 shares during the period. Shannon River Fund Management LLC acquired a new position in shares of Elastic in the 1st quarter valued at $31,981,000. Finally, RGM Capital LLC grew its holdings in shares of Elastic by 38.1% in the 1st quarter. RGM Capital LLC now owns 1,197,030 shares of the company's stock valued at $106,655,000 after buying an additional 330,290 shares during the period. Institutional investors and hedge funds own 97.03% of the company's stock.

Insiders Place Their Bets

In related news, CRO Mark Eugene Dodds sold 5,037 shares of the firm's stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $90.12, for a total value of $453,934.44. Following the completion of the transaction, the executive owned 167,284 shares of the company's stock, valued at approximately $15,075,634.08. This trade represents a 2.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Shay Banon sold 104,326 shares of the firm's stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $90.34, for a total transaction of $9,424,810.84. Following the completion of the transaction, the chief technology officer directly owned 4,363,780 shares of the company's stock, valued at approximately $394,223,885.20. This trade represents a 2.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 352,042 shares of company stock valued at $31,087,394 in the last quarter. Company insiders own 12.70% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ESTC shares. Wells Fargo & Company initiated coverage on shares of Elastic in a report on Tuesday, September 30th. They issued an "equal weight" rating and a $90.00 price target for the company. Scotiabank set a $90.00 price objective on shares of Elastic and gave the stock a "sector perform" rating in a report on Monday, October 6th. Stifel Nicolaus raised their price objective on shares of Elastic from $112.00 to $134.00 and gave the stock a "buy" rating in a report on Friday, August 29th. Cantor Fitzgerald restated a "neutral" rating on shares of Elastic in a report on Friday, August 29th. Finally, Rosenblatt Securities restated a "buy" rating and set a $130.00 price objective on shares of Elastic in a report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $119.00.

Elastic Stock Up 0.3%

Elastic stock opened at $80.47 on Friday. The company has a market cap of $8.55 billion, a P/E ratio of -100.59 and a beta of 1.05. Elastic N.V. has a 1-year low of $70.14 and a 1-year high of $118.84. The company has a fifty day simple moving average of $83.60 and a 200 day simple moving average of $84.25. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.59.

Elastic (NYSE:ESTC - Get Free Report) last released its earnings results on Thursday, August 28th. The company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.50). The business had revenue of $415.29 million during the quarter, compared to the consensus estimate of $397.13 million. Elastic had a negative net margin of 5.38% and a negative return on equity of 1.68%. The firm's revenue for the quarter was up 19.5% on a year-over-year basis. During the same period last year, the business posted $0.35 EPS. Elastic has set its FY 2026 guidance at 2.290-2.350 EPS. Q2 2026 guidance at 0.560-0.580 EPS. Research analysts anticipate that Elastic N.V. will post -0.77 earnings per share for the current fiscal year.

Elastic declared that its Board of Directors has approved a share repurchase plan on Thursday, October 9th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Elastic Company Profile

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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