Fox Run Management L.L.C. Sells 6,859 Shares of Elastic N.V. $ESTC

Key Points

• Fox Run Management L.L.C. reduced its holdings in Elastic N.V. (NYSE:ESTC) by 43.7%, now owning 8,829 shares valued at approximately $787,000.
• Insiders have sold a total of 50,913 shares of Elastic stock valued at $4,416,324 in the last 90 days, with 15.90% of the stock owned by corporate insiders.
• Elastic's recent quarterly earnings report showed a 15.9% increase in revenue year-over-year, with earnings per share at $0.47, surpassing the consensus estimate by $0.10.

Fox Run Management L.L.C. lessened its position in shares of Elastic N.V. (NYSE:ESTC - Free Report) by 43.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,829 shares of the company's stock after selling 6,859 shares during the period. Fox Run Management L.L.C.'s holdings in Elastic were worth $787,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Fourth Dimension Wealth LLC bought a new stake in Elastic during the 4th quarter valued at $26,000. Cloud Capital Management LLC bought a new stake in Elastic during the 1st quarter valued at $25,000. Signaturefd LLC raised its holdings in Elastic by 53.7% during the 1st quarter. Signaturefd LLC now owns 335 shares of the company's stock valued at $30,000 after acquiring an additional 117 shares during the period. North Capital Inc. bought a new stake in Elastic during the 1st quarter valued at $37,000. Finally, GAMMA Investing LLC raised its holdings in Elastic by 134.6% during the 1st quarter. GAMMA Investing LLC now owns 570 shares of the company's stock valued at $51,000 after acquiring an additional 327 shares during the period. Hedge funds and other institutional investors own 97.03% of the company's stock.

Elastic Price Performance

NYSE:ESTC traded down $1.2070 during midday trading on Wednesday, hitting $76.4230. The company had a trading volume of 992,022 shares, compared to its average volume of 1,654,255. Elastic N.V. has a 52-week low of $69.00 and a 52-week high of $118.84. The stock's fifty day moving average price is $82.97 and its 200-day moving average price is $89.75. The company has a market capitalization of $8.07 billion, a PE ratio of -72.91 and a beta of 1.07. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.61.

Elastic (NYSE:ESTC - Get Free Report) last announced its earnings results on Thursday, May 29th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.10. Elastic had a negative net margin of 7.29% and a negative return on equity of 4.46%. The company had revenue of $388.43 million during the quarter, compared to analyst estimates of $380.61 million. During the same period in the previous year, the business earned $0.21 earnings per share. The firm's quarterly revenue was up 15.9% compared to the same quarter last year. Elastic has set its FY 2026 guidance at 2.240-2.32 EPS. Q1 2026 guidance at 0.410-0.43 EPS. As a group, research analysts expect that Elastic N.V. will post -0.77 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ESTC. KeyCorp began coverage on shares of Elastic in a research report on Tuesday, June 10th. They set a "sector weight" rating for the company. UBS Group restated a "buy" rating and set a $95.00 price target (down from $148.00) on shares of Elastic in a research report on Wednesday, August 13th. Barclays reduced their price target on shares of Elastic from $124.00 to $105.00 and set an "overweight" rating for the company in a research report on Friday, May 30th. Wall Street Zen upgraded shares of Elastic from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. Finally, Monness Crespi & Hardt upgraded shares of Elastic from a "neutral" rating to a "buy" rating and set a $111.00 price target for the company in a research report on Friday, June 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, Elastic currently has an average rating of "Moderate Buy" and an average price target of $110.60.

Insiders Place Their Bets

In other Elastic news, CEO Ashutosh Kulkarni sold 22,901 shares of the business's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $86.91, for a total value of $1,990,325.91. Following the completion of the sale, the chief executive officer directly owned 454,841 shares of the company's stock, valued at $39,530,231.31. The trade was a 4.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Carolyn Herzog sold 5,702 shares of the business's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $86.91, for a total transaction of $495,560.82. Following the completion of the sale, the insider directly owned 93,985 shares of the company's stock, valued at $8,168,236.35. This represents a 5.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 50,913 shares of company stock valued at $4,416,324 over the last three months. 15.90% of the stock is currently owned by company insiders.

Elastic 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.