Stanley Laman Group Ltd. Has $5.97 Million Stake in Elastic N.V. $ESTC

Key Points

• Stanley Laman Group Ltd. has reduced its stake in Elastic N.V. by 9.9%, owning 70,791 shares valued at approximately $5.97 million as of its latest SEC filing.
• Insider trading activity includes the sale of 1,250 shares by CAO Jane E. Bone and 5,143 shares by Carolyn Herzog, indicating a 3.21% and 5.15% decrease in their respective positions.
• Wall Street analysts have mixed views on Elastic, with ratings ranging from Strong Buy to Sell, and an average target price of $119.00 suggesting potential growth.

Stanley Laman Group Ltd. decreased its stake in shares of Elastic N.V. (NYSE:ESTC - Free Report) by 9.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 70,791 shares of the company's stock after selling 7,790 shares during the period. Elastic accounts for about 0.9% of Stanley Laman Group Ltd.'s holdings, making the stock its 24th largest position. Stanley Laman Group Ltd. owned about 0.07% of Elastic worth $5,970,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Signaturefd LLC increased its holdings in shares of Elastic by 53.7% during the 1st 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. Y.D. More Investments Ltd increased its holdings in shares of Elastic by 0.5% during the 1st quarter. Y.D. More Investments Ltd now owns 29,742 shares of the company's stock valued at $2,756,000 after acquiring an additional 145 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Elastic by 53.7% during the 1st quarter. Smartleaf Asset Management LLC now owns 435 shares of the company's stock valued at $40,000 after acquiring an additional 152 shares during the last quarter. WCM Investment Management LLC increased its holdings in shares of Elastic by 0.7% during the 1st quarter. WCM Investment Management LLC now owns 23,811 shares of the company's stock valued at $2,183,000 after acquiring an additional 169 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in shares of Elastic by 5.1% during the 2nd quarter. Janney Montgomery Scott LLC now owns 3,997 shares of the company's stock valued at $337,000 after acquiring an additional 194 shares during the last quarter. Institutional investors and hedge funds own 97.03% of the company's stock.

Insider Activity at Elastic

In other news, CAO Jane E. Bone sold 1,250 shares of Elastic stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $87.22, for a total transaction of $109,025.00. Following the sale, the chief accounting officer owned 37,633 shares of the company's stock, valued at approximately $3,282,350.26. This trade represents a 3.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Carolyn Herzog sold 5,143 shares of Elastic stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $90.12, for a total value of $463,487.16. Following the sale, the insider directly owned 94,677 shares in the company, valued at $8,532,291.24. The trade was a 5.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 352,042 shares of company stock worth $31,087,394 in the last three months. Company insiders own 12.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Robert W. Baird increased their price objective on Elastic from $120.00 to $130.00 and gave the company an "outperform" rating in a report on Friday, October 10th. Zacks Research lowered Elastic from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 26th. Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Elastic in a report on Friday, August 29th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $130.00 target price on shares of Elastic in a report on Friday, August 29th. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Elastic in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $119.00.

Elastic Stock Performance

ESTC opened at $81.14 on Friday. The firm has a market capitalization of $8.62 billion, a P/E ratio of -101.43 and a beta of 1.05. The stock's 50 day moving average price is $83.73 and its two-hundred day moving average price is $84.18. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.59. Elastic N.V. has a 12-month low of $70.14 and a 12-month high of $118.84.

Elastic (NYSE:ESTC - Get Free Report) last announced its quarterly earnings data on Thursday, August 28th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.50). Elastic had a negative return on equity of 1.68% and a negative net margin of 5.38%.The firm had revenue of $415.29 million for the quarter, compared to analyst estimates of $397.13 million. During the same period in the previous year, the business posted $0.35 EPS. Elastic's revenue for the quarter was up 19.5% compared to the same quarter last year. Elastic has set its FY 2026 guidance at 2.290-2.350 EPS. Q2 2026 guidance at 0.560-0.580 EPS. On average, equities analysts forecast that Elastic N.V. will post -0.77 earnings per share for the current year.

Elastic announced that its Board of Directors has authorized a stock buyback program on Thursday, October 9th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's management believes its shares are undervalued.

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.

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