Elastic N.V. $ESTC Shares Newly Purchased by Artemis Investment Management LLP

Key Points

• Artemis Investment Management purchased 99,338 Elastic shares worth approximately $9.1 million, while institutional investors collectively own 97.03% of the company.
• Insiders have sold 2.59 million shares worth about $234.6 million over the past 90 days, including sales by CRO Mark Dodds and insider Carolyn Herzog.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $96.52. Elastic recently exceeded earnings and revenue expectations, reporting $0.70 in EPS and $478.1 million in revenue, up 15.2% year over year.

Artemis Investment Management LLP purchased a new position in Elastic N.V. (NYSE:ESTC - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 99,338 shares of the company's stock, valued at approximately $9,109,000. Artemis Investment Management LLP owned approximately 0.09% of Elastic as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Bessemer Group Inc. bought a new stake in shares of Elastic in the first quarter worth $25,000. Basecamp Wealth Advisors LLC bought a new position in Elastic during the 1st quarter valued at $28,000. Harbor Investment Advisory LLC bought a new position in Elastic during the 2nd quarter valued at $42,000. Root Financial Partners LLC grew its holdings in Elastic by 2,976.7% during the 1st quarter. Root Financial Partners LLC now owns 923 shares of the company's stock worth $46,000 after acquiring an additional 893 shares in the last quarter. Finally, Summit Securities Group LLC acquired a new position in Elastic during the 1st quarter worth $79,000. Hedge funds and other institutional investors own 97.03% of the company's stock.

Insiders Place Their Bets

In related news, CRO Mark Dodds sold 10,000 shares of Elastic stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $92.58, for a total value of $925,800.00. Following the sale, the executive directly owned 278,538 shares in the company, valued at $25,787,048.04. This trade represents a 3.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Carolyn Herzog sold 5,485 shares of the business's stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $87.78, for a total transaction of $481,473.30. Following the transaction, the insider directly owned 112,954 shares of the company's stock, valued at $9,915,102.12. The trade was a 4.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 2,585,641 shares of company stock worth $234,551,366. 12.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on ESTC shares. UBS Group lifted their price target on Elastic from $85.00 to $105.00 and gave the stock a "buy" rating in a research note on Friday, August 28th. Stifel Nicolaus increased their target price on Elastic from $90.00 to $107.00 and gave the stock a "buy" rating in a report on Friday, August 28th. Bank of America lifted their target price on Elastic from $90.00 to $108.00 and gave the stock a "neutral" rating in a research report on Friday, August 28th. Citigroup boosted their price target on Elastic from $104.00 to $128.00 and gave the company a "buy" rating in a report on Friday, August 28th. Finally, Wedbush initiated coverage on Elastic in a research note on Friday, September 11th. They set an "outperform" rating and a $125.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $96.52.

More Elastic News

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Elastic announced AlertZero, a team of specialized AI agents designed to support the security operations lifecycle. The offering reinforces Elastic’s strategy of using AI to automate threat detection, investigation and response. Elastic Announces AlertZero
• Positive Sentiment: The company unveiled a private preview of Elastic nightshift AI SRE, an AI agent for Observability that continuously investigates issues across an organization’s technology stack, tests multiple root-cause hypotheses and provides supporting context. The product could improve Elastic’s appeal to enterprises seeking automated IT operations and incident response. Elastic Introduces Elastic nightshift AI SRE
• Positive Sentiment: Gartner recognized Elastic as a Leader in Enterprise AI Search, citing its execution and vision and ranking it first or second across every evaluated use case. The endorsement may support customer acquisition and validate Elastic’s AI-search positioning. Elastic Gartner recognition
• Neutral Sentiment: Recent commentary is divided: one analysis describes Elastic as a potential AI software winner, while another argues that stronger customer commitments have not yet resolved the economics of the opportunity. A separate analysis warns that competitive pressure could offset AI-related growth. Elastic: The Next AI Software Winner
• Negative Sentiment: Insider selling represents a potential confidence signal for investors. CRO Mark Dodds sold 10,000 shares, while co-founder Steven Schuurman reportedly sold 1.5 million shares. These transactions do not necessarily indicate deteriorating fundamentals, but they add selling pressure after the stock’s strong advance. Steven Schuurman insider sale

Elastic Price Performance

Shares of ESTC opened at $95.34 on Friday. The company has a market cap of $10.01 billion, a P/E ratio of 26.71, a PEG ratio of 7.82 and a beta of 1.03. The stock has a fifty day moving average price of $85.85 and a 200 day moving average price of $65.97. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.81 and a quick ratio of 1.81. Elastic N.V. has a 12 month low of $42.05 and a 12 month high of $108.00.

Elastic (NYSE:ESTC - Get Free Report) last issued its earnings results on Thursday, August 27th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.12. Elastic had a negative return on equity of 0.35% and a net margin of 20.84%.The firm had revenue of $478.11 million for the quarter, compared to analyst estimates of $469.75 million. During the same period last year, the company earned $0.60 earnings per share. The firm's revenue for the quarter was up 15.2% on a year-over-year basis. Elastic has set its FY 2027 guidance at 3.290-3.370 EPS and its Q2 2027 guidance at 0.800-0.820 EPS. On average, research analysts forecast that Elastic N.V. will post 0.65 earnings per share for the current year.

Elastic Profile

Elastic N.V. NYSE: ESTC develops search, observability and security software for organizations that need to collect, analyze and act on large volumes of data. Its platform helps users search structured and unstructured information, monitor applications and infrastructure, detect security threats and build artificial intelligence-powered experiences.

The company's principal offerings include Elasticsearch, its distributed search and analytics engine; Kibana, a visualization and data exploration interface; and Elastic Cloud, a managed cloud service for deploying Elastic products.

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