SBI Okasan Asset Management Co.Ltd. Takes $1.58 Million Position in Elastic N.V. $ESTC

Key Points

• SBI Okasan Asset Management disclosed a new position in Elastic, buying 20,500 shares worth about $1.58 million in the fourth quarter.
• Elastic's latest quarterly results beat expectations, with EPS of $0.61 and revenue of $450.7 million, while revenue rose 16% year over year.
• The company issued Q1 FY2027 EPS guidance of $0.57 to $0.59, but shares remained under pressure as investors focused on the outlook and signs that growth may be moderating.

SBI Okasan Asset Management Co.Ltd. purchased a new stake in Elastic N.V. (NYSE:ESTC - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 20,500 shares of the company's stock, valued at approximately $1,580,000.

Other hedge funds also recently made changes to their positions in the company. Sound Income Strategies LLC acquired a new stake in shares of Elastic in the 4th quarter valued at approximately $25,000. Geneos Wealth Management Inc. acquired a new stake in shares of Elastic in the 2nd quarter valued at approximately $31,000. Activest Wealth Management raised its holdings in Elastic by 3,181.3% in the 4th quarter. Activest Wealth Management now owns 525 shares of the company's stock valued at $40,000 after buying an additional 509 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in Elastic by 75.6% in the 3rd quarter. Smartleaf Asset Management LLC now owns 662 shares of the company's stock valued at $58,000 after buying an additional 285 shares during the last quarter. Finally, Larson Financial Group LLC raised its holdings in Elastic by 1,347.1% in the 3rd quarter. Larson Financial Group LLC now owns 738 shares of the company's stock valued at $62,000 after buying an additional 687 shares during the last quarter. 97.03% of the stock is currently owned by institutional investors and hedge funds.

Elastic Stock Up 6.6%

Elastic stock opened at $57.48 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.82 and a current ratio of 1.82. Elastic N.V. has a 52-week low of $42.05 and a 52-week high of $96.07. The firm has a 50 day moving average price of $50.20 and a two-hundred day moving average price of $62.82. The firm has a market cap of $5.95 billion, a price-to-earnings ratio of -71.85, a PEG ratio of 101.99 and a beta of 0.88.

Elastic (NYSE:ESTC - Get Free Report) last released its quarterly earnings results on Thursday, May 28th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.05. Elastic had a negative net margin of 5.04% and a negative return on equity of 2.34%. The firm had revenue of $450.68 million during the quarter, compared to analyst estimates of $446.66 million. During the same quarter last year, the business earned $0.47 EPS. The company's revenue was up 16.0% compared to the same quarter last year. Elastic has set its FY 2027 guidance at 3.210-3.290 EPS and its Q1 2027 guidance at 0.570-0.590 EPS. Equities analysts predict that Elastic N.V. will post 0.04 EPS for the current year.

Insider Activity

In other Elastic news, CEO Ashutosh Kulkarni sold 17,756 shares of the firm's stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $52.28, for a total transaction of $928,283.68. Following the completion of the transaction, the chief executive officer owned 409,145 shares in the company, valued at approximately $21,390,100.60. This trade represents a 4.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ken Exner sold 4,310 shares of the firm's stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $52.28, for a total transaction of $225,326.80. Following the transaction, the insider owned 222,728 shares of the company's stock, valued at approximately $11,644,219.84. The trade was a 1.90% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 38,188 shares of company stock worth $1,996,469. 12.70% of the stock is owned by insiders.

Key Headlines Impacting Elastic

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Elastic beat fiscal Q4 estimates, reporting EPS of $0.61 versus $0.56 expected and revenue of $450.7 million versus $446.7 million expected, with revenue up 16% year over year. Article Title
• Positive Sentiment: The company also issued Q1 FY2027 EPS guidance of $0.57 to $0.59, above the Street’s $0.50 estimate, suggesting near-term earnings momentum. Article Title
• Positive Sentiment: Elastic highlighted stronger cash generation, including $152.7 million in operating cash flow and a larger contracted backlog, which may support the long-term growth story. Article Title
• Neutral Sentiment: Several analysts remain constructive, with Rosenblatt reiterating a Buy and JPMorgan still at Overweight, though JPMorgan cut its price target to $80 from $99, reflecting a more cautious near-term stance. Article Title
• Negative Sentiment: Investors appear disappointed by the company’s forward view, which implies mid-teens revenue growth in fiscal 2027 after a strong year, raising concerns that growth could be moderating. Article Title
• Negative Sentiment: The stock also saw pressure as some reports noted the market’s reaction to the earnings release and guidance was negative, with shares falling after the print despite the beat. Article Title

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ESTC shares. DA Davidson dropped their price objective on shares of Elastic from $80.00 to $65.00 and set a "neutral" rating for the company in a report on Monday, March 2nd. Rothschild & Co Redburn started coverage on shares of Elastic in a report on Thursday, April 23rd. They issued a "neutral" rating and a $49.00 price objective for the company. Royal Bank Of Canada dropped their price objective on shares of Elastic from $80.00 to $70.00 and set an "outperform" rating for the company in a report on Thursday, April 16th. JPMorgan Chase & Co. dropped their price objective on shares of Elastic from $99.00 to $80.00 and set an "overweight" rating for the company in a report on Wednesday. Finally, Guggenheim dropped their price objective on shares of Elastic from $116.00 to $106.00 and set a "buy" rating for the company in a report on Tuesday, May 19th. Eighteen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Elastic currently has an average rating of "Moderate Buy" and an average price target of $86.96.

About Elastic

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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