Sivia Capital Partners LLC Has $1.02 Million Stock Holdings in Elastic N.V. $ESTC

Sivia Capital Partners LLC grew its position in Elastic N.V. (NYSE:ESTC) by 337.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,569 shares of the company’s stock after purchasing an additional 10,470 shares during the period. Sivia Capital Partners LLC’s holdings in Elastic were worth $1,024,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of ESTC. AQR Capital Management LLC raised its holdings in Elastic by 62.5% in the third quarter. AQR Capital Management LLC now owns 2,977,361 shares of the company’s stock worth $251,557,000 after purchasing an additional 1,145,146 shares during the period. Alyeska Investment Group L.P. raised its stake in Elastic by 490.4% during the 3rd quarter. Alyeska Investment Group L.P. now owns 1,113,503 shares of the company’s stock worth $94,080,000 after buying an additional 924,911 shares during the period. Vanguard Group Inc. raised its stake in Elastic by 7.4% during the 3rd quarter. Vanguard Group Inc. now owns 10,206,204 shares of the company’s stock worth $862,322,000 after buying an additional 705,991 shares during the period. BNP Paribas Financial Markets raised its stake in Elastic by 305.9% during the 2nd quarter. BNP Paribas Financial Markets now owns 832,353 shares of the company’s stock worth $70,192,000 after buying an additional 627,284 shares during the period. Finally, Temasek Holdings Private Ltd raised its stake in Elastic by 107.7% during the 3rd quarter. Temasek Holdings Private Ltd now owns 1,184,857 shares of the company’s stock worth $100,109,000 after buying an additional 614,302 shares during the period. 97.03% of the stock is currently owned by institutional investors and hedge funds.

Elastic Stock Performance

ESTC opened at $64.08 on Thursday. The business’s 50-day moving average price is $51.14 and its two-hundred day moving average price is $62.06. Elastic N.V. has a 1 year low of $42.05 and a 1 year high of $96.07. The company has a market capitalization of $6.63 billion, a price-to-earnings ratio of 18.31, a P/E/G ratio of 53.09 and a beta of 1.00. 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) last released its quarterly earnings results on Thursday, May 28th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.05. Elastic had a negative return on equity of 2.02% and a net margin of 21.14%.The firm had revenue of $450.68 million for the quarter, compared to the consensus estimate of $446.66 million. During the same quarter last year, the business posted $0.47 EPS. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. Elastic has set its FY 2027 guidance at 3.210-3.290 EPS and its Q1 2027 guidance at 0.570-0.590 EPS. Equities analysts expect that Elastic N.V. will post 0.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ESTC. Rothschild & Co Redburn began coverage on Elastic in a research note on Thursday, April 23rd. They set a “neutral” rating and a $49.00 price objective on the stock. Jefferies Financial Group dropped their price objective on Elastic from $95.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, May 29th. Guggenheim dropped their price objective on Elastic from $116.00 to $106.00 and set a “buy” rating on the stock in a research note on Tuesday, May 19th. DA Davidson dropped their price objective on Elastic from $65.00 to $60.00 and set a “neutral” rating on the stock in a research note on Friday, May 29th. Finally, Barclays dropped their price objective on Elastic from $76.00 to $68.00 and set an “overweight” rating on the stock in a research note on Friday, May 29th. Eighteen investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $80.04.

Insider Transactions at Elastic

In related news, CRO Mark Eugene Dodds sold 3,723 shares of Elastic stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $52.28, for a total value of $194,638.44. Following the sale, the executive owned 152,563 shares of the company’s stock, valued at approximately $7,975,993.64. The trade was a 2.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Shay Banon sold 4,283 shares of Elastic stock in a transaction dated 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 in the company, valued at approximately $227,676,524.60. This represents a 0.10% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 38,188 shares of company stock worth $1,996,469. 12.70% of the stock is currently owned by company insiders.

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.