Panagora Asset Management Inc. Purchases 114,965 Shares of Elastic N.V. $ESTC

Panagora Asset Management Inc. increased its position in shares of Elastic N.V. (NYSE:ESTC) by 12.5% during the 4th quarter, Holdings Channel reports. The fund owned 1,031,378 shares of the company’s stock after buying an additional 114,965 shares during the quarter. Panagora Asset Management Inc.’s holdings in Elastic were worth $77,807,000 at the end of the most recent quarter.

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

Elastic Stock Performance

Shares of ESTC stock opened at $60.33 on Monday. The company’s fifty day simple moving average is $52.80 and its 200-day simple moving average is $61.04. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.45. The firm has a market cap of $6.27 billion, a PE ratio of 17.24, a P/E/G ratio of 19.95 and a beta of 1.00. Elastic N.V. has a 12 month low of $42.05 and a 12 month high of $96.07.

Elastic (NYSE:ESTC) last announced its quarterly earnings data on Thursday, May 28th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.05. The business had revenue of $450.68 million for the quarter, compared to analyst estimates of $446.66 million. Elastic had a net margin of 21.14% and a negative return on equity of 1.82%. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.47 earnings per share. 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 research analysts expect that Elastic N.V. will post 0.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. William Blair assumed coverage on shares of Elastic in a research report on Friday, May 22nd. They set an “outperform” rating for the company. Canaccord Genuity Group lowered their price objective on shares of Elastic from $90.00 to $80.00 and set a “buy” rating for the company in a research report on Friday, May 29th. UBS Group reissued a “buy” rating and set a $85.00 price objective on shares of Elastic in a research report on Friday, May 29th. Weiss Ratings raised shares of Elastic from a “sell (e+)” rating to a “sell (d+)” rating in a research report on Tuesday, June 9th. Finally, Morgan Stanley lowered their price objective on shares of Elastic from $80.00 to $73.00 and set an “overweight” rating for the company in a research report on Monday, March 2nd. Eighteen investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Elastic has a consensus rating of “Moderate Buy” and a consensus price target of $80.04.

Insiders Place Their Bets

In other news, CAO Jane E. Bone sold 1,104 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $60.61, for a total value of $66,913.44. Following the sale, the chief accounting officer owned 53,415 shares of the company’s stock, valued at $3,237,483.15. The trade was a 2.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CRO Mark Eugene Dodds sold 18,439 shares of the business’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $60.61, for a total transaction of $1,117,587.79. Following the completion of the sale, the executive directly owned 298,211 shares in the company, valued at approximately $18,074,568.71. This represents a 5.82% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 110,099 shares of company stock valued at $6,673,100 over the last 90 days. 12.70% of the stock is currently owned by company insiders.

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.