Hel Ved Capital Management Ltd Purchases 11,152 Shares of Elastic N.V. $ESTC

Hel Ved Capital Management Ltd boosted its position in Elastic N.V. (NYSE:ESTC) by 236.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 15,862 shares of the company’s stock after purchasing an additional 11,152 shares during the quarter. Hel Ved Capital Management Ltd’s holdings in Elastic were worth $1,340,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in ESTC. Geneos Wealth Management Inc. purchased a new stake in shares of Elastic in the second quarter worth $31,000. Huntington National Bank increased its stake in Elastic by 97.5% in the 2nd quarter. Huntington National Bank now owns 468 shares of the company’s stock worth $39,000 after acquiring an additional 231 shares during the last quarter. Promus Capital LLC purchased a new stake in shares of Elastic in the 2nd quarter valued at about $45,000. True Wealth Design LLC raised its holdings in shares of Elastic by 391.2% in the 3rd quarter. True Wealth Design LLC now owns 673 shares of the company’s stock valued at $57,000 after acquiring an additional 536 shares in the last quarter. Finally, Allworth Financial LP boosted its position in shares of Elastic by 1,170.4% during the 2nd quarter. Allworth Financial LP now owns 686 shares of the company’s stock valued at $58,000 after acquiring an additional 632 shares during the last quarter. 97.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Scotiabank cut their price objective on Elastic from $90.00 to $76.00 and set a “sector perform” rating for the company in a report on Friday, November 21st. Bank of America dropped their target price on shares of Elastic from $111.00 to $90.00 and set a “neutral” rating for the company in a research report on Friday, November 21st. Royal Bank Of Canada dropped their price objective on shares of Elastic from $115.00 to $95.00 and set an “outperform” rating for the company in a report on Monday, January 5th. Weiss Ratings reissued a “sell (d)” rating on shares of Elastic in a research note on Wednesday, January 21st. Finally, Canaccord Genuity Group dropped their price target on Elastic from $115.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, February 27th. Seventeen research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $95.25.

Elastic Price Performance

ESTC stock opened at $53.74 on Friday. The firm has a market cap of $5.56 billion, a P/E ratio of -67.17, a P/E/G ratio of 74.31 and a beta of 0.98. The firm’s fifty day moving average is $65.99 and its 200 day moving average is $77.00. Elastic N.V. has a 52 week low of $49.90 and a 52 week high of $103.79. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.97 and a current ratio of 1.82.

Elastic (NYSE:ESTC) last posted its quarterly earnings results 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 net margin of 5.04% and a negative return on equity of 2.34%. The business had revenue of $449.88 million during the quarter, compared to the consensus estimate of $438.37 million. During the same period in the previous year, the firm posted $0.63 earnings per share. The firm’s revenue for the quarter 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. Research analysts predict that Elastic N.V. will post -0.77 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Ashutosh Kulkarni sold 5,000 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $74.60, for a total transaction of $373,000.00. Following the completion of the sale, the chief executive officer owned 426,901 shares of the company’s stock, valued at approximately $31,846,814.60. This represents a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Jane E. Bone sold 1,187 shares of Elastic stock in a transaction on Friday, January 9th. The stock was sold at an average price of $80.31, for a total transaction of $95,327.97. Following the completion of the transaction, the chief accounting officer directly owned 43,171 shares in the company, valued at approximately $3,467,063.01. The trade was a 2.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 56,028 shares of company stock worth $4,208,330 in the last 90 days. 12.70% of the stock is currently owned by company insiders.

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.