Y Intercept Hong Kong Ltd Has $2.99 Million Position in Elastic N.V. $ESTC

Y Intercept Hong Kong Ltd raised its holdings in Elastic N.V. (NYSE:ESTC) by 168.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 59,771 shares of the company’s stock after buying an additional 37,529 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Elastic were worth $2,988,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Orion Porfolio Solutions LLC boosted its position in shares of Elastic by 1.4% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 8,593 shares of the company’s stock valued at $726,000 after acquiring an additional 118 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Elastic by 17.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,159 shares of the company’s stock valued at $98,000 after acquiring an additional 171 shares during the period. Public Employees Retirement System of Ohio raised its position in Elastic by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 28,323 shares of the company’s stock worth $2,393,000 after purchasing an additional 175 shares in the last quarter. California State Teachers Retirement System raised its position in Elastic by 0.3% in the second quarter. California State Teachers Retirement System now owns 83,403 shares of the company’s stock worth $7,033,000 after purchasing an additional 219 shares in the last quarter. Finally, Fieldview Capital Management LLC lifted its stake in Elastic by 3.5% during the third quarter. Fieldview Capital Management LLC now owns 10,280 shares of the company’s stock worth $869,000 after purchasing an additional 345 shares during the period. Institutional investors and hedge funds own 97.03% of the company’s stock.

Insider Buying and Selling at Elastic

In other Elastic news, CEO Ashutosh Kulkarni sold 40,373 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $60.61, for a total transaction of $2,447,007.53. Following the transaction, the chief executive officer directly owned 628,752 shares in the company, valued at approximately $38,108,658.72. This represents a 6.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Ken Exner sold 18,449 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $60.61, for a total transaction of $1,118,193.89. Following the completion of the transaction, the insider directly owned 360,037 shares in the company, valued at $21,821,842.57. This trade represents a 4.87% 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 ninety days. Company insiders own 12.70% of the company’s stock.

Analyst Ratings Changes

ESTC has been the topic of several analyst reports. Jefferies Financial Group lowered 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 decreased their price target on Elastic from $116.00 to $106.00 and set a “buy” rating on the stock in a research note on Tuesday, May 19th. Wall Street Zen cut Elastic from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. William Blair began coverage on Elastic in a research note on Friday, May 22nd. They set an “outperform” rating for the company. Finally, Wedbush cut their price objective on Elastic from $74.00 to $65.00 and set an “outperform” rating for the company in a report on Friday, May 29th. Eighteen research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Elastic currently has a consensus rating of “Moderate Buy” and an average price target of $79.04.

Elastic Stock Performance

Shares of Elastic stock opened at $59.43 on Wednesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.68 and a quick ratio of 1.68. The firm has a 50 day simple moving average of $56.41 and a 200 day simple moving average of $59.18. Elastic N.V. has a fifty-two week low of $42.05 and a fifty-two week high of $96.07. The firm has a market cap of $6.18 billion, a P/E ratio of 16.98, a P/E/G ratio of 15.04 and a beta of 1.00.

Elastic (NYSE:ESTC) last announced its quarterly earnings data on Thursday, May 28th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.05. The firm had revenue of $450.68 million for the quarter, compared to analyst estimates of $446.66 million. Elastic had a negative return on equity of 1.82% and a net margin of 21.14%.The business’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period last year, the company earned $0.47 EPS. Elastic has set its FY 2027 guidance at 3.210-3.290 EPS and its Q1 2027 guidance at 0.570-0.590 EPS. Sell-side analysts predict that Elastic N.V. will post 0.23 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.