Focus Partners Advisor Solutions LLC Acquires 14,331 Shares of Elastic N.V. $ESTC

Focus Partners Advisor Solutions LLC grew its holdings in shares of Elastic N.V. (NYSE:ESTC) by 180.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,251 shares of the company’s stock after acquiring an additional 14,331 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Elastic were worth $2,026,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Geneos Wealth Management Inc. bought a new position in shares of Elastic during the 2nd quarter valued at $31,000. Huntington National Bank lifted its stake in Elastic by 97.5% in the second quarter. Huntington National Bank now owns 468 shares of the company’s stock worth $39,000 after purchasing an additional 231 shares during the last quarter. Promus Capital LLC bought a new stake in Elastic in the second quarter worth $45,000. True Wealth Design LLC boosted its position in 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 buying an additional 536 shares during the period. Finally, Allworth Financial LP grew its stake in shares of Elastic by 1,170.4% during the second quarter. Allworth Financial LP now owns 686 shares of the company’s stock valued at $58,000 after buying an additional 632 shares during the last quarter. 97.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on ESTC shares. Morgan Stanley decreased their price objective on Elastic from $80.00 to $73.00 and set an “overweight” rating on the stock in a report on Monday. Barclays reduced their price target on Elastic from $78.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, February 27th. JPMorgan Chase & Co. lowered their price objective on Elastic from $113.00 to $98.00 and set an “overweight” rating for the company in a research report on Friday, February 20th. Citigroup dropped their price objective on Elastic from $115.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, February 20th. Finally, Cantor Fitzgerald cut 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. Seventeen 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 company’s stock. According to data from MarketBeat, Elastic presently has an average rating of “Moderate Buy” and an average price target of $95.25.

Insider Buying and Selling

In other Elastic news, CTO Shay Banon sold 4,552 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $75.05, for a total value of $341,627.60. Following the completion of the sale, the chief technology officer directly owned 4,359,228 shares in the company, valued at $327,160,061.40. This trade represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Ashutosh Kulkarni sold 20,413 shares of Elastic stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $75.05, for a total value of $1,531,995.65. Following the sale, the chief executive officer directly owned 431,901 shares in the company, valued at approximately $32,414,170.05. The trade was a 4.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 61,828 shares of company stock valued at $4,641,010 over the last quarter. 12.70% of the stock is currently owned by insiders.

Elastic Stock Performance

Shares of ESTC stock opened at $51.79 on Thursday. The firm has a market capitalization of $5.36 billion, a price-to-earnings ratio of -64.74, a PEG ratio of 135.37 and a beta of 0.98. The stock has a fifty day moving average of $66.92 and a 200 day moving average of $77.34. Elastic N.V. has a 52 week low of $49.90 and a 52 week high of $109.92. The company has a quick ratio of 1.97, a current ratio of 1.82 and a debt-to-equity ratio of 0.72.

Elastic (NYSE:ESTC) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.64 by $0.09. Elastic had a negative net margin of 5.04% and a negative return on equity of 2.34%. 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 business earned $0.63 EPS. The company’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. As a group, research analysts expect that Elastic N.V. will post -0.77 earnings per share 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.