SG Americas Securities LLC Trims Holdings in Elastic N.V. $ESTC

Key Points

• SG Americas Securities LLC reduced its stake in Elastic by 98.2% in Q4, selling 474,324 shares and leaving 8,814 shares worth $665,000 at the end of the period.
• Insiders have been selling recently (CAO and CTO sold shares on March 9); insiders sold 38,188 shares in the past three months worth about $1.996M and still hold 12.7% of the company, while institutional investors own 97.03%.
• Elastic beat quarterly estimates (EPS $0.73 vs. $0.64; revenue $449.9M vs. $438.4M, +17.7% YoY), provided FY2026 EPS guidance of 2.50–2.54, and has a consensus analyst rating of Moderate Buy with an average target of $95.25 amid several target cuts.

SG Americas Securities LLC decreased its stake in shares of Elastic N.V. (NYSE:ESTC - Free Report) by 98.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,814 shares of the company's stock after selling 474,324 shares during the quarter. SG Americas Securities LLC's holdings in Elastic were worth $665,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ESTC. Geneos Wealth Management Inc. purchased a new stake in Elastic in the second quarter valued at $31,000. Promus Capital LLC purchased a new stake in Elastic in the second quarter valued at $45,000. True Wealth Design LLC raised its position in Elastic by 391.2% in the third quarter. True Wealth Design LLC now owns 673 shares of the company's stock valued at $57,000 after purchasing an additional 536 shares during the period. Smartleaf Asset Management LLC raised its position in Elastic by 75.6% in the third quarter. Smartleaf Asset Management LLC now owns 662 shares of the company's stock valued at $58,000 after purchasing an additional 285 shares during the period. Finally, Larson Financial Group LLC raised its position in Elastic by 1,347.1% in the third quarter. Larson Financial Group LLC now owns 738 shares of the company's stock valued at $62,000 after purchasing an additional 687 shares during the period. Hedge funds and other institutional investors own 97.03% of the company's stock.

Insiders Place Their Bets

In other news, CAO Jane E. Bone sold 887 shares of Elastic stock in a transaction on Monday, March 9th. The stock was sold at an average price of $52.28, for a total value of $46,372.36. Following the completion of the sale, the chief accounting officer directly owned 42,284 shares of the company's stock, valued at approximately $2,210,607.52. The trade was a 2.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CTO Shay Banon sold 4,283 shares of Elastic stock in a transaction on Monday, March 9th. The shares were sold at an average price of $52.28, for a total value of $223,915.24. Following the completion of the sale, the chief technology officer directly owned 4,354,945 shares of the company's stock, valued at $227,676,524.60. The trade was a 0.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 38,188 shares of company stock valued at $1,996,469. Insiders own 12.70% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Barclays reduced their target price on Elastic from $78.00 to $76.00 and set an "overweight" rating on the stock in a research report on Friday, February 27th. Wells Fargo & Company reduced their target price on Elastic from $75.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Friday, February 27th. Weiss Ratings restated a "sell (d)" rating on shares of Elastic in a research report on Wednesday, January 21st. DA Davidson reduced their target price on Elastic from $80.00 to $65.00 and set a "neutral" rating on the stock in a research report on Monday, March 2nd. Finally, Guggenheim restated a "buy" rating and issued a $116.00 target price on shares of Elastic in a research report on Wednesday, February 18th. Seventeen investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $95.25.

Elastic Trading Down 3.9%

Shares of NYSE ESTC opened at $43.23 on Friday. Elastic N.V. has a twelve month low of $42.05 and a twelve month high of $96.07. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.72. The stock has a fifty day simple moving average of $54.67 and a 200-day simple moving average of $70.93. The stock has a market capitalization of $4.47 billion, a PE ratio of -54.04, a PEG ratio of 55.63 and a beta of 1.03.

Elastic (NYSE:ESTC - Get Free Report) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.64 by $0.09. Elastic had a negative return on equity of 2.34% and a negative net margin of 5.04%.The business had revenue of $449.88 million during the quarter, compared to analysts' expectations of $438.37 million. During the same period in the previous year, the firm posted $0.63 earnings per share. The company's revenue was up 17.7% on a year-over-year basis. Elastic has set its FY 2026 guidance at 2.500-2.540 EPS and its Q4 2026 guidance at 0.550-0.570 EPS. On average, equities analysts forecast that Elastic N.V. will post -0.77 earnings per share for the current year.

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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