SBI Okasan Asset Management Co.Ltd. Invests $1.58 Million in Elastic N.V. $ESTC

SBI Okasan Asset Management Co.Ltd. acquired a new position in shares of Elastic N.V. (NYSE:ESTC) in the 4th quarter, HoldingsChannel reports. The fund acquired 20,500 shares of the company’s stock, valued at approximately $1,580,000.

Other large investors also recently modified their holdings of the company. Sound Income Strategies LLC acquired a new stake in shares of Elastic during the 4th quarter worth approximately $25,000. Geneos Wealth Management Inc. acquired a new stake in shares of Elastic during the 2nd quarter worth approximately $31,000. Activest Wealth Management grew its position in shares of Elastic by 3,181.3% during the 4th quarter. Activest Wealth Management now owns 525 shares of the company’s stock worth $40,000 after buying an additional 509 shares during the period. Smartleaf Asset Management LLC grew its position in shares of Elastic by 75.6% during the 3rd quarter. Smartleaf Asset Management LLC now owns 662 shares of the company’s stock worth $58,000 after buying an additional 285 shares during the period. Finally, Larson Financial Group LLC grew its position in shares of Elastic by 1,347.1% during the 3rd quarter. Larson Financial Group LLC now owns 738 shares of the company’s stock worth $62,000 after buying an additional 687 shares during the period. Institutional investors and hedge funds own 97.03% of the company’s stock.

Insider Activity at Elastic

In other news, insider Carolyn Herzog sold 3,989 shares of Elastic stock in a transaction on Monday, March 9th. The stock was sold at an average price of $52.28, for a total transaction of $208,544.92. Following the sale, the insider directly owned 85,335 shares in the company, valued at $4,461,313.80. The trade was a 4.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Shay Banon sold 4,283 shares of Elastic stock in a transaction on Monday, March 9th. The stock was sold at an average price of $52.28, for a total value 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. The trade was a 0.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 38,188 shares of company stock worth $1,996,469. 12.70% of the stock is owned by company insiders.

Key Stories Impacting Elastic

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Elastic beat fiscal Q4 estimates, reporting EPS of $0.61 versus $0.56 expected and revenue of $450.7 million versus $446.7 million expected, with revenue up 16% year over year. Article Title
• Positive Sentiment: The company also issued Q1 FY2027 EPS guidance of $0.57 to $0.59, above the Street’s $0.50 estimate, suggesting near-term earnings momentum. Article Title
• Positive Sentiment: Elastic highlighted stronger cash generation, including $152.7 million in operating cash flow and a larger contracted backlog, which may support the long-term growth story. Article Title
• Neutral Sentiment: Several analysts remain constructive, with Rosenblatt reiterating a Buy and JPMorgan still at Overweight, though JPMorgan cut its price target to $80 from $99, reflecting a more cautious near-term stance. Article Title
• Negative Sentiment: Investors appear disappointed by the company’s forward view, which implies mid-teens revenue growth in fiscal 2027 after a strong year, raising concerns that growth could be moderating. Article Title
• Negative Sentiment: The stock also saw pressure as some reports noted the market’s reaction to the earnings release and guidance was negative, with shares falling after the print despite the beat. Article Title

Analyst Ratings Changes

Several analysts have recently commented on ESTC shares. Royal Bank Of Canada reduced their price objective on shares of Elastic from $80.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, April 16th. Truist Financial reduced their price objective on shares of Elastic from $105.00 to $80.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Barclays reduced their price objective on shares of Elastic from $78.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, February 27th. Rothschild & Co Redburn began coverage on shares of Elastic in a research report on Thursday, April 23rd. They set a “neutral” rating and a $49.00 price objective for the company. Finally, JPMorgan Chase & Co. reduced their price target on shares of Elastic from $99.00 to $80.00 and set an “overweight” rating for the company in a research report on Wednesday. Eighteen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $86.96.

Elastic Trading Up 6.6%

NYSE ESTC opened at $57.48 on Friday. The stock has a market capitalization of $5.95 billion, a price-to-earnings ratio of -71.85, a PEG ratio of 101.99 and a beta of 0.88. Elastic N.V. has a one year low of $42.05 and a one year high of $96.07. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.82 and a quick ratio of 1.82. The business’s fifty day moving average is $50.20 and its 200-day moving average is $62.82.

Elastic (NYSE:ESTC) last released its earnings results on Thursday, May 28th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.05. The company had revenue of $450.68 million for the quarter, compared to analysts’ expectations of $446.66 million. Elastic had a negative return on equity of 2.34% and a negative net margin of 5.04%.The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the previous year, the business posted $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. Equities research analysts predict that Elastic N.V. will post 0.04 EPS for the current 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.