Elastic N.V. $ESTC Shares Acquired by Blue Zone Wealth Advisors LLC

Key Points

• Blue Zone Wealth Advisors LLC has increased its holdings in Elastic N.V. by 7.5%, now owning approximately 0.05% of the company, valued at $4.66 million.
• Insider transactions included significant sales by Carolyn Herzog and Shay Banon, with combined sales totaling $9.89 million and a decrease in their share positions by 5.15% and 2.33% respectively.
• Elastic reported earnings of ($0.08) EPS for the last quarter, missing analysts' expectations, while revenue increased by 19.5% year-over-year, indicating growth potential amidst financial challenges.

Blue Zone Wealth Advisors LLC raised its holdings in shares of Elastic N.V. (NYSE:ESTC - Free Report) by 7.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 55,230 shares of the company's stock after acquiring an additional 3,846 shares during the quarter. Blue Zone Wealth Advisors LLC owned approximately 0.05% of Elastic worth $4,658,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Cloud Capital Management LLC acquired a new stake in shares of Elastic in the 1st quarter valued at about $25,000. Signaturefd LLC boosted its position in shares of Elastic by 53.7% in the 1st quarter. Signaturefd LLC now owns 335 shares of the company's stock valued at $30,000 after purchasing an additional 117 shares during the period. North Capital Inc. acquired a new stake in shares of Elastic in the 1st quarter valued at about $37,000. Smartleaf Asset Management LLC boosted its position in shares of Elastic by 53.7% in the 1st quarter. Smartleaf Asset Management LLC now owns 435 shares of the company's stock valued at $40,000 after purchasing an additional 152 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Elastic by 134.6% in the 1st quarter. GAMMA Investing LLC now owns 570 shares of the company's stock valued at $51,000 after purchasing an additional 327 shares during the period. 97.03% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Elastic

In related news, insider Carolyn Herzog sold 5,143 shares of the firm's stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $90.12, for a total value of $463,487.16. Following the completion of the transaction, the insider directly owned 94,677 shares of the company's stock, valued at $8,532,291.24. This trade represents a 5.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Shay Banon sold 104,326 shares of the stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $90.34, for a total value of $9,424,810.84. Following the sale, the chief technology officer owned 4,363,780 shares in the company, 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 sold a total of 350,792 shares of company stock worth $30,978,369 over the last ninety days. 12.70% of the stock is currently owned by corporate insiders.

Elastic Stock Performance

Shares of ESTC stock opened at $86.52 on Friday. The company has a market cap of $9.19 billion, a price-to-earnings ratio of -108.15 and a beta of 1.05. The stock has a 50 day simple moving average of $83.40 and a 200-day simple moving average of $84.58. Elastic N.V. has a 12-month low of $70.14 and a 12-month high of $118.84. 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 issued its earnings results on Thursday, August 28th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.50). The business had revenue of $415.29 million for the quarter, compared to analysts' expectations of $397.13 million. Elastic had a negative return on equity of 1.68% and a negative net margin of 5.38%.The business's quarterly revenue was up 19.5% on a year-over-year basis. During the same period last year, the company posted $0.35 earnings per share. Elastic has set its FY 2026 guidance at 2.290-2.350 EPS. Q2 2026 guidance at 0.560-0.580 EPS. On average, equities analysts forecast that Elastic N.V. will post -0.77 EPS for the current year.

Elastic announced that its board has initiated a stock repurchase program on Thursday, October 9th that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of analysts recently issued reports on ESTC shares. Wall Street Zen raised Elastic from a "hold" rating to a "buy" rating in a research report on Saturday. Morgan Stanley upped their target price on Elastic from $115.00 to $120.00 and gave the company an "overweight" rating in a research report on Friday, August 29th. Jefferies Financial Group upped their target price on Elastic from $110.00 to $125.00 and gave the company a "buy" rating in a research report on Friday, August 29th. Monness Crespi & Hardt increased their price objective on Elastic from $111.00 to $150.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Elastic in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $119.00.

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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