RGM Capital LLC Buys 330,290 Shares of Elastic N.V. $ESTC

Key Points

• RGM Capital LLC increased its stake in Elastic N.V. by 38.1%, owning over 1.19 million shares, making it the 13th largest position in their portfolio.
• Elastic reported a quarterly EPS of $0.47, surpassing analysts' expectations, with revenue growing 15.9% year-over-year to $388.43 million.
• Institutional investors and hedge funds collectively own 97.03% of Elastic's stock, reflecting strong confidence in the company's performance.

RGM Capital LLC grew its holdings in Elastic N.V. (NYSE:ESTC - Free Report) by 38.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,197,030 shares of the company's stock after purchasing an additional 330,290 shares during the quarter. Elastic comprises about 4.4% of RGM Capital LLC's investment portfolio, making the stock its 13th largest position. RGM Capital LLC owned 1.15% of Elastic worth $106,655,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Thematics Asset Management boosted its stake in Elastic by 5.9% in the first quarter. Thematics Asset Management now owns 424,780 shares of the company's stock worth $37,848,000 after purchasing an additional 23,768 shares in the last quarter. Jump Financial LLC boosted its stake in Elastic by 111.0% in the first quarter. Jump Financial LLC now owns 5,744 shares of the company's stock worth $512,000 after purchasing an additional 3,022 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Elastic by 53.7% in the first quarter. Smartleaf Asset Management LLC now owns 435 shares of the company's stock worth $40,000 after purchasing an additional 152 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Elastic by 27.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 988 shares of the company's stock worth $88,000 after purchasing an additional 210 shares in the last quarter. Finally, Circle Wealth Management LLC boosted its stake in Elastic by 11.4% in the first quarter. Circle Wealth Management LLC now owns 10,291 shares of the company's stock worth $917,000 after purchasing an additional 1,053 shares in the last quarter. Institutional investors and hedge funds own 97.03% of the company's stock.

Elastic Trading Down 1.2%

NYSE ESTC opened at $79.06 on Tuesday. The stock has a 50-day simple moving average of $82.70 and a 200 day simple moving average of $88.59. The company has a market capitalization of $8.34 billion, a PE ratio of -75.30 and a beta of 1.07. 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 12 month low of $69.00 and a 12 month high of $118.84.

Elastic (NYSE:ESTC - Get Free Report) last released its quarterly earnings data on Thursday, May 29th. The company reported $0.47 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 the consensus estimate of $380.61 million. During the same quarter in the prior year, the company posted $0.21 earnings per share. The firm's revenue was up 15.9% on a year-over-year basis. Elastic has set its FY 2026 guidance at 2.240-2.32 EPS. Q1 2026 guidance at 0.410-0.43 EPS. Research analysts forecast that Elastic N.V. will post -0.77 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on ESTC shares. Rosenblatt Securities reduced their price objective on Elastic from $140.00 to $130.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. Oppenheimer cut their price target on Elastic from $120.00 to $100.00 and set an "outperform" rating on the stock in a research note on Monday, July 21st. UBS Group reaffirmed a "buy" rating and set a $95.00 price target (down previously from $148.00) on shares of Elastic in a research note on Wednesday, August 13th. Stifel Nicolaus cut their price target on Elastic from $140.00 to $112.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. Finally, Wall Street Zen raised Elastic from a "hold" rating to a "buy" rating in a research note 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. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $110.60.

Insider Buying and Selling

In other Elastic news, CTO Shay Banon sold 5,117 shares of the stock in a transaction dated 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 sale, the chief technology officer directly owned 4,560,291 shares in the company, valued at $396,334,890.81. This represents a 0.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Mark Eugene Dodds sold 2,500 shares of the stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $83.50, for a total value of $208,750.00. Following the completion of the sale, the executive owned 172,321 shares of the company's stock, valued at $14,388,803.50. This trade represents a 1.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,913 shares of company stock valued at $4,416,324. 15.90% of the stock is owned by company insiders.

About Elastic

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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