UBS Group AG Has $77.16 Million Holdings in Elastic N.V. $ESTC

Key Points

• UBS raised its stake in Elastic by 100.6% in Q4, adding 512,805 shares to hold 1,022,734 shares worth about $77.16 million (roughly 0.97% of the company).
• Company insiders have been selling recently—including CRO Mark Dodds and Carolyn Herzog—with insiders selling 38,188 shares (~$2.0 million) over the last 90 days, though insiders still own 12.70% of the stock.
• Elastic beat quarterly estimates (EPS $0.73 vs. $0.64; revenue $449.9M vs. $438.4M, +17.7%) but remains unprofitable (net margin -5.04%); shares trade near $48.55 versus a 12‑month high of $96.07 and an average analyst target of $90.77 (Moderate Buy).

UBS Group AG raised its holdings in Elastic N.V. (NYSE:ESTC - Free Report) by 100.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,022,734 shares of the company's stock after acquiring an additional 512,805 shares during the period. UBS Group AG owned about 0.97% of Elastic worth $77,155,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of ESTC. Sound Income Strategies LLC acquired a new stake in shares of Elastic during the fourth quarter worth about $25,000. Geneos Wealth Management Inc. acquired a new position in shares of Elastic in the 2nd quarter valued at approximately $31,000. Smartleaf Asset Management LLC increased its stake in Elastic by 75.6% during the 3rd quarter. Smartleaf Asset Management LLC now owns 662 shares of the company's stock worth $58,000 after purchasing an additional 285 shares in the last quarter. True Wealth Design LLC increased its stake in Elastic by 391.2% during the 3rd quarter. True Wealth Design LLC now owns 673 shares of the company's stock worth $57,000 after purchasing an additional 536 shares in the last quarter. Finally, Larson Financial Group LLC raised its holdings in Elastic by 1,347.1% during the 3rd quarter. Larson Financial Group LLC now owns 738 shares of the company's stock worth $62,000 after buying an additional 687 shares during the period. 97.03% of the stock is currently owned by institutional investors.

Insider Activity at Elastic

In other news, CRO Mark Eugene Dodds sold 3,723 shares of the stock in a transaction dated 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 transaction, the executive directly owned 152,563 shares in the company, valued at $7,975,993.64. This represents a 2.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Carolyn Herzog sold 3,989 shares of the firm's stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $52.28, for a total value of $208,544.92. Following the completion of the transaction, the insider owned 85,335 shares of the company's stock, valued at $4,461,313.80. The trade was a 4.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 38,188 shares of company stock worth $1,996,469. Corporate insiders own 12.70% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Morgan Stanley cut their price target on shares of Elastic from $80.00 to $73.00 and set an "overweight" rating on the stock in a research note on Monday, March 2nd. Barclays dropped their price objective on shares of Elastic from $78.00 to $76.00 and set an "overweight" rating on the stock in a report on Friday, February 27th. The Goldman Sachs Group started coverage on shares of Elastic in a research note on Tuesday, April 21st. They issued a "neutral" rating and a $50.00 target price for the company. Oppenheimer lowered their target price on Elastic from $100.00 to $85.00 and set an "outperform" rating for the company in a report on Friday, February 27th. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of Elastic in a research note on Wednesday, January 21st. Seventeen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $90.77.

Elastic Price Performance

NYSE ESTC opened at $48.55 on Monday. The firm's 50 day moving average is $50.77 and its 200-day moving average is $67.13. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $5.02 billion, a PE ratio of -60.68, a price-to-earnings-growth ratio of 61.32 and a beta of 0.88. Elastic N.V. has a 12-month low of $42.05 and a 12-month high of $96.07.

Elastic (NYSE:ESTC - Get Free Report) last announced its earnings results on Thursday, February 26th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.64 by $0.09. The business had revenue of $449.88 million during the quarter, compared to analysts' expectations of $438.37 million. Elastic had a negative net margin of 5.04% and a negative return on equity of 2.34%. The firm's revenue was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.63 earnings per share. 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 research analysts anticipate that Elastic N.V. will post 0.04 earnings per share for the current fiscal year.

Elastic 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.