Nishkama Capital LLC Cuts Position in Elastic N.V. $ESTC

Key Points

• Nishkama Capital LLC reduced its stake in Elastic N.V. by 62.6%, selling 57,517 shares, which left it with 34,396 shares valued at $3,065,000.
• Despite Nishkama Capital's reduction, other large investors like Signaturefd LLC and Smartleaf Asset Management LLC increased their holdings in Elastic during the same period.
• Elastic's recent quarterly earnings exceeded expectations, reporting $0.47 EPS, and the company has set its FY 2026 guidance for EPS between 2.240-2.32.

Nishkama Capital LLC trimmed its position in Elastic N.V. (NYSE:ESTC - Free Report) by 62.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,396 shares of the company's stock after selling 57,517 shares during the quarter. Nishkama Capital LLC's holdings in Elastic were worth $3,065,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ESTC. Signaturefd LLC raised its holdings in shares of Elastic by 53.7% during the 1st quarter. Signaturefd LLC now owns 335 shares of the company's stock valued at $30,000 after buying an additional 117 shares during the period. Parallel Advisors LLC raised its holdings in shares of Elastic by 4.5% during the 1st quarter. Parallel Advisors LLC now owns 3,396 shares of the company's stock valued at $303,000 after buying an additional 145 shares during the period. Y.D. More Investments Ltd raised its holdings in shares of Elastic by 0.5% during the 1st quarter. Y.D. More Investments Ltd now owns 29,742 shares of the company's stock valued at $2,756,000 after buying an additional 145 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of Elastic by 53.7% during the 1st quarter. Smartleaf Asset Management LLC now owns 435 shares of the company's stock valued at $40,000 after buying an additional 152 shares during the period. Finally, WCM Investment Management LLC raised its holdings in shares of Elastic by 0.7% during the 1st quarter. WCM Investment Management LLC now owns 23,811 shares of the company's stock valued at $2,183,000 after buying an additional 169 shares during the period. 97.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CRO Mark Eugene Dodds sold 5,514 shares of the stock in a transaction on Monday, June 9th. The stock was sold at an average price of $86.91, for a total value of $479,221.74. Following the completion of the transaction, the executive owned 165,443 shares of the company's stock, valued at approximately $14,378,651.13. This represents a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CTO Shay Banon sold 5,117 shares of the stock in a transaction on Monday, June 9th. The stock was sold at an average price of $86.91, for a total value of $444,718.47. Following the completion of the transaction, the chief technology officer directly owned 4,560,291 shares of the company's stock, valued at approximately $396,334,890.81. The trade was a 0.11% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,913 shares of company stock valued at $4,416,324. Company insiders own 15.90% of the company's stock.

Analyst Upgrades and Downgrades

ESTC has been the topic of several analyst reports. Robert W. Baird dropped their target price on Elastic from $125.00 to $115.00 and set an "outperform" rating on the stock in a report on Friday, May 30th. Royal Bank Of Canada dropped their price objective on Elastic from $119.00 to $115.00 and set an "outperform" rating on the stock in a report on Friday, May 30th. KeyCorp started coverage on Elastic in a report on Tuesday, June 10th. They set a "sector weight" rating on the stock. Canaccord Genuity Group dropped their price objective on Elastic from $135.00 to $110.00 and set a "buy" rating on the stock in a report on Monday, June 2nd. Finally, Stifel Nicolaus lowered their price target on Elastic from $140.00 to $112.00 and set a "buy" rating for the company in a report on Friday, May 30th. One 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 company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $110.60.

Elastic Trading Up 3.1%

NYSE:ESTC opened at $79.9650 on Monday. Elastic N.V. has a 12-month low of $69.00 and a 12-month high of $118.84. The firm has a market capitalization of $8.44 billion, a P/E ratio of -76.16 and a beta of 1.07. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.92 and a quick ratio of 1.92. The business has a 50 day simple moving average of $82.74 and a 200 day simple moving average of $88.83.

Elastic (NYSE:ESTC - Get Free Report) last released its quarterly earnings data on Thursday, May 29th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.10. Elastic had a negative return on equity of 4.46% and a negative net margin of 7.29%.The business had revenue of $388.43 million during the quarter, compared to analyst estimates of $380.61 million. During the same quarter in the previous year, the firm posted $0.21 EPS. The business's revenue for the quarter 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. Equities research analysts predict that Elastic N.V. will post -0.77 EPS for the current year.

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.

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