Elastic N.V. $ESTC Shares Sold by Jackson Square Partners LLC

Jackson Square Partners LLC lessened its holdings in shares of Elastic N.V. (NYSE:ESTC) by 22.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 32,034 shares of the company’s stock after selling 9,041 shares during the quarter. Jackson Square Partners LLC’s holdings in Elastic were worth $2,707,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of ESTC. Geneos Wealth Management Inc. purchased a new position in shares of Elastic in the 2nd quarter worth $31,000. Huntington National Bank raised its holdings in shares of Elastic by 97.5% during the 2nd quarter. Huntington National Bank now owns 468 shares of the company’s stock valued at $39,000 after buying an additional 231 shares during the period. Plato Investment Management Ltd acquired a new position in shares of Elastic during the second quarter worth $40,000. Promus Capital LLC purchased a new position in shares of Elastic in the second quarter valued at $45,000. Finally, True Wealth Design LLC grew its stake in shares of Elastic by 391.2% during the third 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. 97.03% of the stock is currently owned by hedge funds and other institutional investors.

Elastic Price Performance

ESTC opened at $59.04 on Friday. The stock has a fifty day moving average of $73.10 and a 200-day moving average of $80.23. The firm has a market capitalization of $6.22 billion, a P/E ratio of -57.32, a PEG ratio of 240.49 and a beta of 0.93. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.64. Elastic N.V. has a 12-month low of $56.69 and a 12-month high of $118.84.

Elastic (NYSE:ESTC) last posted its quarterly earnings results on Thursday, November 20th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.06. Elastic had a negative net margin of 6.79% and a negative return on equity of 2.02%. The business had revenue of $423.48 million during the quarter, compared to analyst estimates of $418.27 million. During the same period in the prior year, the firm earned $0.59 earnings per share. The firm’s revenue was up 15.9% compared to the same quarter last year. Elastic has set its Q3 2026 guidance at 0.630-0.65 EPS. Equities analysts forecast that Elastic N.V. will post -0.77 EPS for the current fiscal year.

Insider Transactions at Elastic

In related news, insider Carolyn Herzog sold 5,353 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $75.05, for a total transaction of $401,742.65. Following the transaction, the insider owned 89,324 shares of the company’s stock, valued at approximately $6,703,766.20. This trade represents a 5.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ken Exner sold 6,544 shares of the firm’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $75.05, for a total transaction of $491,127.20. Following the transaction, the insider owned 227,038 shares in the company, valued at $17,039,201.90. This represents a 2.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 61,828 shares of company stock valued at $4,641,010 in the last ninety days. 12.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently commented on ESTC. Canaccord Genuity Group reduced their target price on Elastic from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, November 21st. Stifel Nicolaus dropped their price objective on shares of Elastic from $134.00 to $108.00 and set a “buy” rating on the stock in a research note on Friday, November 21st. UBS Group dropped their target price on Elastic from $125.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, November 21st. DA Davidson dropped their price target on shares of Elastic from $100.00 to $80.00 and set a “neutral” rating on the stock in a research note on Friday, November 21st. Finally, Morgan Stanley lowered their price target on Elastic from $120.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, November 21st. Seventeen research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $104.88.

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.