Nuveen LLC Makes New Investment in Elastic N.V. $ESTC

Nuveen LLC purchased a new stake in shares of Elastic N.V. (NYSE:ESTC - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 320,741 shares of the company's stock, valued at approximately $28,578,000. Nuveen LLC owned about 0.31% of Elastic at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of ESTC. Cloud Capital Management LLC bought a new stake in shares of Elastic during the first quarter valued at approximately $25,000. Fourth Dimension Wealth LLC bought a new position in Elastic in the fourth quarter valued at approximately $26,000. Signaturefd LLC boosted its stake in Elastic by 53.7% in the first quarter. Signaturefd LLC now owns 335 shares of the company's stock valued at $30,000 after acquiring an additional 117 shares during the last quarter. North Capital Inc. bought a new position in Elastic in the first quarter valued at approximately $37,000. Finally, GAMMA Investing LLC boosted its stake in Elastic by 134.6% in the first 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 last quarter. 97.03% of the stock is owned by institutional investors.

Elastic Trading Up 3.2%

Shares of NYSE:ESTC traded up $2.45 during mid-day trading on Friday, reaching $80.04. The stock had a trading volume of 321,163 shares, compared to its average volume of 1,652,555. The firm has a market cap of $8.45 billion, a PE ratio of -76.20 and a beta of 1.07. The firm has a 50 day simple moving average of $82.73 and a two-hundred day simple moving average of $89.43. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.61. Elastic N.V. has a twelve month low of $69.00 and a twelve month high of $118.84.

Elastic (NYSE:ESTC - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The company reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.10. The business had revenue of $388.43 million for 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%. Elastic's revenue for the quarter was up 15.9% on a year-over-year basis. During the same period last year, the company posted $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. On average, research analysts predict that Elastic N.V. will post -0.77 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on ESTC. UBS Group reaffirmed a "buy" rating and issued a $95.00 price objective (down from $148.00) on shares of Elastic in a research note on Wednesday, August 13th. Wedbush reduced their price objective on shares of Elastic from $135.00 to $110.00 and set an "outperform" rating on the stock in a research note on Friday, May 30th. Monness Crespi & Hardt raised shares of Elastic from a "neutral" rating to a "buy" rating and set a $111.00 price objective on the stock in a research note on Friday, June 27th. JPMorgan Chase & Co. reduced their price objective on shares of Elastic from $120.00 to $110.00 and set an "overweight" rating on the stock in a research note on Friday, May 30th. Finally, Oppenheimer cut their price target on shares of Elastic from $120.00 to $100.00 and set an "outperform" rating on the stock in a research report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $110.60.

Insider Activity

In other Elastic news, CEO Ashutosh Kulkarni sold 22,901 shares of the firm's stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 454,841 shares in the company, valued at approximately $39,530,231.31. This trade represents a 4.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Ken Exner sold 6,918 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $86.91, for a total transaction of $601,243.38. Following the sale, the insider owned 230,494 shares in the company, valued at $20,032,233.54. This trade represents a 2.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,913 shares of company stock worth $4,416,324. Corporate insiders own 15.90% of the company's stock.

Elastic Company 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.