Temasek Holdings Private Ltd Purchases 614,302 Shares of Elastic N.V. $ESTC

Key Points

• Temasek Holdings increased its stake in Elastic by 107.7% in Q3, buying 614,302 shares to hold 1,184,857 shares (about 1.11% of the company) valued at roughly $100.11 million.
• Elastic beat quarterly estimates with EPS of $0.73 (vs. $0.64) and revenue of $449.9M (vs. $438.4M), with revenue up 17.7% year-over-year, and provided FY2026 EPS guidance of 2.500–2.540 and Q4 guidance of 0.550–0.570, despite negative net margins and a negative P/E.
• Company insiders have been net sellers (CEO sold 17,756 shares; insiders sold 44,375 shares worth ~$2.46M over the quarter and now own 12.7%), while analysts hold a consensus "Moderate Buy" with a $95.25 target and the stock carries a $5.33B market cap.

Temasek Holdings Private Ltd boosted its position in shares of Elastic N.V. (NYSE:ESTC - Free Report) by 107.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,184,857 shares of the company's stock after purchasing an additional 614,302 shares during the quarter. Temasek Holdings Private Ltd owned 1.11% of Elastic worth $100,109,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. AXQ Capital LP bought a new stake in shares of Elastic in the 2nd quarter valued at $419,000. Geode Capital Management LLC raised its stake in Elastic by 3.6% during the 2nd quarter. Geode Capital Management LLC now owns 1,569,578 shares of the company's stock worth $132,384,000 after buying an additional 54,812 shares during the period. Mackenzie Financial Corp lifted its holdings in Elastic by 622.2% during the second quarter. Mackenzie Financial Corp now owns 77,005 shares of the company's stock worth $6,494,000 after acquiring an additional 66,342 shares in the last quarter. Panagora Asset Management Inc. grew its stake in Elastic by 102.3% in the second quarter. Panagora Asset Management Inc. now owns 464,268 shares of the company's stock valued at $39,152,000 after acquiring an additional 234,735 shares during the period. Finally, Citigroup Inc. grew its stake in Elastic by 89.0% in the third quarter. Citigroup Inc. now owns 89,357 shares of the company's stock valued at $7,550,000 after acquiring an additional 42,087 shares during the period. Institutional investors own 97.03% of the company's stock.

Elastic Stock Performance

ESTC opened at $51.45 on Friday. The company has a market capitalization of $5.33 billion, a price-to-earnings ratio of -64.32, a P/E/G ratio of 66.43 and a beta of 0.98. The business's 50-day moving average price is $63.66 and its two-hundred day moving average price is $76.09. Elastic N.V. has a 1 year low of $49.90 and a 1 year high of $103.79. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.82 and a quick ratio of 1.82.

Elastic (NYSE:ESTC - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $449.88 million during the quarter, compared to analysts' expectations of $438.37 million. During the same period in the prior year, the firm earned $0.63 earnings per share. Elastic's revenue for the quarter was up 17.7% compared to the same quarter last year. Elastic has set its FY 2026 guidance at 2.500-2.540 EPS and its Q4 2026 guidance at 0.550-0.570 EPS. Equities analysts expect that Elastic N.V. will post -0.77 EPS for the current fiscal year.

Insider Activity

In other 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 directly owned 409,145 shares of the company's stock, valued at $21,390,100.60. This trade represents a 4.16% decrease in their position. 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 3,723 shares of Elastic 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 $194,638.44. Following the completion of the sale, the executive owned 152,563 shares in the company, valued at $7,975,993.64. This trade represents a 2.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 44,375 shares of company stock worth $2,464,797. 12.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on ESTC. Rosenblatt Securities lowered their price target on Elastic from $130.00 to $110.00 and set a "buy" rating for the company in a report on Friday, January 30th. Guggenheim reiterated a "buy" rating and set a $116.00 price objective on shares of Elastic in a report on Wednesday, February 18th. Wells Fargo & Company decreased their price objective on Elastic from $75.00 to $60.00 and set an "equal weight" rating for the company in a research report on Friday, February 27th. Truist Financial lowered their target price on Elastic from $105.00 to $80.00 and set a "buy" rating for the company in a research note on Friday, February 27th. Finally, Cantor Fitzgerald dropped their target price on shares of Elastic from $94.00 to $85.00 and set a "neutral" rating on the stock in a report on Friday, November 21st. Seventeen research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $95.25.

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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