Thematics Asset Management Acquires 48,346 Shares of Elastic N.V. $ESTC

Thematics Asset Management raised its holdings in Elastic N.V. (NYSE:ESTC) by 10.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 523,283 shares of the company’s stock after buying an additional 48,346 shares during the period. Elastic makes up approximately 2.0% of Thematics Asset Management’s portfolio, making the stock its 7th largest position. Thematics Asset Management owned 0.49% of Elastic worth $44,212,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. increased its position in shares of Elastic by 7.4% during the third quarter. Vanguard Group Inc. now owns 10,206,204 shares of the company’s stock worth $862,322,000 after acquiring an additional 705,991 shares during the period. Qube Research & Technologies Ltd boosted its holdings in Elastic by 302.1% in the second quarter. Qube Research & Technologies Ltd now owns 932,630 shares of the company’s stock valued at $78,649,000 after purchasing an additional 700,697 shares during the period. BNP Paribas Financial Markets grew 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 purchasing an additional 627,284 shares in the last quarter. Temasek Holdings Private Ltd grew 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 purchasing an additional 614,302 shares in the last quarter. Finally, Marshall Wace LLP increased its holdings in Elastic by 148.8% during the 3rd quarter. Marshall Wace LLP now owns 916,400 shares of the company’s stock worth $77,427,000 after purchasing an additional 548,085 shares during the period. Institutional investors and hedge funds own 97.03% of the company’s stock.

Insider Transactions at Elastic

In other news, CTO Shay Banon sold 4,283 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $52.28, for a total transaction of $223,915.24. Following the completion of the sale, the chief technology officer owned 4,354,945 shares in the company, valued at approximately $227,676,524.60. The trade was a 0.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Mark Eugene Dodds sold 3,723 shares of the company’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $52.28, for a total transaction of $194,638.44. Following the completion of the transaction, 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 position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 44,375 shares of company stock valued at $2,464,797 over the last three months. 12.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ESTC shares. Wedbush decreased their price objective on Elastic from $110.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday, November 21st. Piper Sandler cut their target price on shares of Elastic from $110.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, February 27th. Cantor Fitzgerald reduced their target price on shares of Elastic from $94.00 to $85.00 and set a “neutral” rating on the stock in a report on Friday, November 21st. JPMorgan Chase & Co. decreased their price target on shares of Elastic from $113.00 to $98.00 and set an “overweight” rating for the company in a research note on Friday, February 20th. Finally, Jefferies Financial Group lowered their price target on shares of Elastic from $105.00 to $95.00 and set a “buy” rating for the company in a report on Monday, January 5th. Seventeen investment 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. According to MarketBeat, Elastic presently has a consensus rating of “Moderate Buy” and an average target price of $95.25.

Elastic Stock Down 0.5%

Shares of NYSE ESTC opened at $51.45 on Friday. The business has a 50-day moving average of $63.66 and a two-hundred day moving average of $76.09. The company has a market capitalization of $5.33 billion, a price-to-earnings ratio of -64.32, a price-to-earnings-growth ratio of 66.43 and a beta of 0.98. Elastic N.V. has a 1 year low of $49.90 and a 1 year high of $103.79. 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 data on Thursday, February 26th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.09. Elastic had a negative return on equity of 2.34% and a negative net margin of 5.04%.The business had revenue of $449.88 million for the quarter, compared to the consensus estimate of $438.37 million. During the same quarter in the prior year, the business posted $0.63 EPS. The business’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. On average, analysts forecast that Elastic N.V. will post -0.77 earnings per share for the current fiscal year.

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.