GSA Capital Partners LLP Decreases Stock Holdings in Elastic N.V. $ESTC

GSA Capital Partners LLP trimmed its holdings in shares of Elastic N.V. (NYSE:ESTC) by 46.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,014 shares of the company’s stock after selling 13,824 shares during the quarter. GSA Capital Partners LLP’s holdings in Elastic were worth $1,208,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ESTC. Sound Income Strategies LLC purchased a new stake in shares of Elastic during the fourth quarter valued at approximately $25,000. Geneos Wealth Management Inc. purchased a new stake in shares of Elastic during the second quarter valued at approximately $31,000. Activest Wealth Management increased its position in shares of Elastic by 3,181.3% during the fourth quarter. Activest Wealth Management now owns 525 shares of the company’s stock valued at $40,000 after acquiring an additional 509 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of Elastic by 75.6% during the third quarter. Smartleaf Asset Management LLC now owns 662 shares of the company’s stock valued at $58,000 after acquiring an additional 285 shares during the last quarter. Finally, Larson Financial Group LLC increased its position in shares of Elastic by 1,347.1% during the third quarter. Larson Financial Group LLC now owns 738 shares of the company’s stock valued at $62,000 after acquiring an additional 687 shares during the last quarter. 97.03% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Citigroup decreased their price target on Elastic from $115.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Piper Sandler decreased their price target on Elastic from $110.00 to $85.00 and set an “overweight” rating for the company in a research report on Friday, February 27th. Rothschild & Co Redburn started coverage on Elastic in a research report on Thursday, April 23rd. They set a “neutral” rating and a $49.00 price target for the company. Canaccord Genuity Group reduced their price objective on Elastic from $115.00 to $90.00 and set a “buy” rating for the company in a report on Friday, February 27th. Finally, Royal Bank Of Canada reduced their price objective on Elastic from $80.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, April 16th. Seventeen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $89.80.

Insider Activity

In other Elastic news, CTO Shay Banon sold 4,283 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $52.28, for a total transaction of $223,915.24. Following the sale, the chief technology officer owned 4,354,945 shares in the company, valued at $227,676,524.60. This represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CRO Mark Eugene Dodds sold 3,723 shares of the stock in a transaction on 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 in the company, valued at approximately $7,975,993.64. This represents a 2.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 38,188 shares of company stock valued at $1,996,469. 12.70% of the stock is currently owned by corporate insiders.

Elastic Price Performance

Shares of NYSE ESTC opened at $55.14 on Thursday. The stock has a fifty day simple moving average of $49.95 and a two-hundred day simple moving average of $64.25. Elastic N.V. has a 1-year low of $42.05 and a 1-year high of $96.07. The firm has a market cap of $5.71 billion, a price-to-earnings ratio of -68.92, a price-to-earnings-growth ratio of 67.77 and a beta of 0.88. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.72.

Elastic (NYSE:ESTC) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $438.37 million. During the same period in the prior year, the company earned $0.63 earnings per share. Elastic’s revenue was up 17.7% compared to the same quarter last year. Elastic has set its FY 2026 guidance at 2.500-2.540 EPS and its Q4 2026 guidance at 0.550-0.570 EPS. Analysts anticipate that Elastic N.V. will post 0.04 earnings per share for the current year.

About Elastic

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.