Elastic N.V. $ESTC Shares Acquired by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. increased its stake in Elastic N.V. by 45.4%, owning 21,005 shares valued at approximately $1.87 million as of the latest SEC filing.
• Elastic reported a 15.9% year-over-year revenue increase of $388.43 million and earnings per share of $0.47, surpassing expectations.
• Insider transactions show CEO Ashutosh Kulkarni sold 22,901 shares, resulting in a 4.79% decrease in his ownership, while overall insider ownership is at 15.90%.

Russell Investments Group Ltd. lifted its holdings in shares of Elastic N.V. (NYSE:ESTC - Free Report) by 45.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,005 shares of the company's stock after acquiring an additional 6,557 shares during the quarter. Russell Investments Group Ltd.'s holdings in Elastic were worth $1,872,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in ESTC. Raymond James Financial Inc. acquired a new position in shares of Elastic during the 4th quarter valued at $3,019,000. Mariner LLC lifted its holdings in shares of Elastic by 16.6% during 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. Dimensional Fund Advisors LP lifted its holdings in shares of Elastic by 5.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 383,612 shares of the company's stock valued at $38,014,000 after acquiring an additional 20,892 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in shares of Elastic by 4.6% during the 4th quarter. MetLife Investment Management LLC now owns 5,365 shares of the company's stock valued at $532,000 after acquiring an additional 237 shares in the last quarter. Finally, Stifel Financial Corp lifted its holdings in shares of Elastic by 14.4% during the 4th quarter. Stifel Financial Corp now owns 22,384 shares of the company's stock valued at $2,218,000 after acquiring an additional 2,820 shares in the last quarter. Institutional investors and hedge funds own 97.03% of the company's stock.

Elastic Price Performance

ESTC opened at $77.80 on Wednesday. The company has a 50-day moving average of $82.58 and a 200-day moving average of $88.52. The company has a market capitalization of $8.21 billion, a P/E ratio of -74.09 and a beta of 1.07. Elastic N.V. has a 1-year low of $69.00 and a 1-year high of $118.84. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.92 and a current ratio of 1.92.

Elastic (NYSE:ESTC - Get Free Report) last released its earnings results on Thursday, May 29th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.10. The company had revenue of $388.43 million during 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 company's revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the firm 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. Equities analysts expect that Elastic N.V. will post -0.77 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Ashutosh Kulkarni sold 22,901 shares of the business'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 completion of the sale, the chief executive officer owned 454,841 shares of the company's stock, valued at $39,530,231.31. This represents a 4.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Shay Banon sold 5,117 shares of the business'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 sale, the chief technology officer directly owned 4,560,291 shares of the company's stock, valued at approximately $396,334,890.81. This represents a 0.11% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,913 shares of company stock worth $4,416,324. 15.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

ESTC has been the topic of a number of recent analyst reports. Stifel Nicolaus cut their price objective on shares of Elastic from $140.00 to $112.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Piper Sandler cut their price objective on shares of Elastic from $135.00 to $120.00 and set an "overweight" rating on the stock in a report on Friday, May 30th. UBS Group reiterated a "buy" rating and issued a $95.00 price objective (down previously from $148.00) on shares of Elastic in a report on Wednesday, August 13th. Wall Street Zen upgraded shares of Elastic from a "hold" rating to a "buy" rating in a report on Friday, May 30th. Finally, TD Securities cut their price objective on shares of Elastic from $125.00 to $105.00 and set a "hold" rating on the stock in a report on Wednesday, May 21st. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $110.60.

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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