Public Employees Retirement System of Ohio Purchases Shares of 25,907 Elastic N.V. $ESTC

Public Employees Retirement System of Ohio purchased a new stake in Elastic N.V. (NYSE:ESTC - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 25,907 shares of the company's stock, valued at approximately $1,477,000.

Other large investors have also made changes to their positions in the company. Bessemer Group Inc. acquired a new stake in Elastic in the 1st quarter valued at approximately $25,000. Basecamp Wealth Advisors LLC bought a new position in Elastic in the 1st quarter worth approximately $28,000. Geneos Wealth Management Inc. acquired a new position in shares of Elastic during the second quarter worth approximately $31,000. Harbor Investment Advisory LLC acquired a new position in shares of Elastic during the second quarter worth approximately $42,000. Finally, Aster Capital Management DIFC Ltd boosted its position in shares of Elastic by 206.1% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 551 shares of the company's stock valued at $42,000 after acquiring an additional 371 shares during the period. Institutional investors and hedge funds own 97.03% of the company's stock.

Insiders Place Their Bets

In other Elastic news, CAO Jane E. Bone sold 4,176 shares of the business's stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $93.48, for a total value of $390,372.48. Following the completion of the transaction, the chief accounting officer directly owned 49,239 shares of the company's stock, valued at approximately $4,602,861.72. The trade was a 7.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Shay Banon sold 165,171 shares of the company's stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $90.26, for a total transaction of $14,908,334.46. Following the transaction, the chief technology officer owned 1,578,680 shares in the company, valued at $142,491,656.80. The trade was a 9.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 490,474 shares of company stock valued at $45,819,767 in the last 90 days. 12.70% of the stock is currently owned by insiders.

Elastic Trading Down 0.1%

ESTC stock opened at $91.74 on Tuesday. The business has a fifty day moving average price of $72.57 and a 200 day moving average price of $60.37. 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 fifty-two week low of $42.05 and a fifty-two week high of $108.00. The stock has a market capitalization of $9.63 billion, a price-to-earnings ratio of 25.70, a P/E/G ratio of 8.89 and a beta of 1.03.

Elastic (NYSE:ESTC - Get Free Report) last announced its earnings results on Thursday, August 27th. The company reported $0.70 EPS 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 company had revenue of $478.11 million for the quarter, compared to analysts' expectations of $469.75 million. During the same quarter in the prior year, the business earned $0.60 earnings per share. The business'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. Analysts expect that Elastic N.V. will post 0.56 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Wolfe Research set a $55.00 target price on shares of Elastic in a research report on Friday, May 29th. Stifel Nicolaus increased their price target on shares of Elastic from $90.00 to $107.00 and gave the company a "buy" rating in a report on Friday, August 28th. Wells Fargo & Company raised their price target on shares of Elastic from $60.00 to $80.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 25th. Wedbush cut their price objective on shares of Elastic from $74.00 to $65.00 and set an "outperform" rating for the company in a research report on Friday, May 29th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $83.00 target price on shares of Elastic in a research note on Wednesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $94.12.

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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