Elastic N.V. $ESTC Shares Sold by Vanguard Group Inc.

Key Points

• Vanguard Group trimmed its stake in Elastic by 0.5%, selling 53,084 shares and retaining 10,153,120 shares (about 9.64% ownership) valued at roughly $765.95 million at quarter-end.
• Insider selling accelerated: CRO Mark Dodds and CTO Shay Banon sold shares on March 9, and insiders disposed of 38,188 shares worth about $1.996 million in the last quarter, though insiders still own 12.70% of the company.
• Elastic beat quarterly expectations with $0.73 EPS (vs. $0.64 est.) and $449.88M revenue (up 17.7% year-over-year) and set FY2026 EPS guidance of 2.50–2.54, while analysts' average rating is a "Moderate Buy" with an average price target of $90.77 amid several recent target cuts.

Vanguard Group Inc. lowered its stake in shares of Elastic N.V. (NYSE:ESTC - Free Report) by 0.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 10,153,120 shares of the company's stock after selling 53,084 shares during the period. Vanguard Group Inc. owned about 9.64% of Elastic worth $765,951,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of ESTC. Focus Partners Wealth purchased a new position in shares of Elastic during the 1st quarter valued at about $494,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Elastic by 17.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,159 shares of the company's stock valued at $98,000 after buying an additional 171 shares during the last quarter. Invesco Ltd. raised its stake in shares of Elastic by 11.7% during the 2nd quarter. Invesco Ltd. now owns 95,332 shares of the company's stock valued at $8,039,000 after buying an additional 9,990 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Elastic by 400.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,110 shares of the company's stock valued at $178,000 after buying an additional 1,688 shares during the last quarter. Finally, Cerity Partners LLC raised its stake in shares of Elastic by 24.7% during the 2nd quarter. Cerity Partners LLC now owns 30,545 shares of the company's stock valued at $2,576,000 after buying an additional 6,056 shares during the last quarter. Hedge funds and other institutional investors own 97.03% of the company's stock.

Insider Activity at Elastic

In other Elastic news, CRO Mark Eugene Dodds sold 3,723 shares of the business's stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $52.28, for a total transaction of $194,638.44. Following the completion of the sale, the executive directly owned 152,563 shares in the company, valued at approximately $7,975,993.64. The trade was a 2.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Shay Banon sold 4,283 shares of the business's stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $52.28, for a total value of $223,915.24. Following the sale, the chief technology officer owned 4,354,945 shares of the company's stock, valued at approximately $227,676,524.60. This trade represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 38,188 shares of company stock worth $1,996,469 in the last quarter. Corporate insiders own 12.70% of the company's stock.

Elastic Price Performance

Shares of Elastic stock opened at $48.55 on Friday. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.72. Elastic N.V. has a twelve month low of $42.05 and a twelve month high of $96.07. The business has a 50-day moving average price of $50.77 and a 200 day moving average price of $67.24. The firm has a market cap of $5.02 billion, a PE ratio of -60.68, a P/E/G ratio of 57.65 and a beta of 0.89.

Elastic (NYSE:ESTC - Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.09. Elastic had a negative return on equity of 2.34% and a negative net margin of 5.04%.The firm had revenue of $449.88 million during the quarter, compared to analyst estimates of $438.37 million. During the same quarter in the previous year, the business earned $0.63 EPS. Elastic's revenue for the quarter was up 17.7% compared to the same quarter last year. Elastic has set its FY 2026 guidance at 2.500-2.540 EPS and its Q4 2026 guidance at 0.550-0.570 EPS. Sell-side analysts predict that Elastic N.V. will post 0.04 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ESTC. Wells Fargo & Company reduced their price objective on Elastic from $75.00 to $60.00 and set an "equal weight" rating for the company in a research note on Friday, February 27th. TD Cowen reiterated a "hold" rating on shares of Elastic in a research note on Monday, February 23rd. Truist Financial cut their price target on Elastic from $105.00 to $80.00 and set a "buy" rating for the company in a research note on Friday, February 27th. JPMorgan Chase & Co. cut their price target on Elastic from $113.00 to $98.00 and set an "overweight" rating for the company in a research note on Friday, February 20th. Finally, The Goldman Sachs Group assumed coverage on Elastic in a research note on Tuesday, April 21st. They issued a "neutral" rating and a $50.00 price target for the company. Seventeen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $90.77.

Elastic Company Profile

Elastic N.V. operates as a search and analytics company, offering a suite of open source and subscription-based solutions for search, observability and security use cases. Its flagship product, Elasticsearch, enables fast and scalable full-text search and analytics across large volumes of structured and unstructured data. Complementary tools such as Kibana provide visualization capabilities, while Beats and Logstash serve as lightweight data shippers and data processing pipelines, respectively.

The company was founded in 2012 by Shay Banon, who serves as chief technology officer, and Steven Schuurman.

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