Elastic N.V. $ESTC Stock Position Increased by Temasek Holdings Private Ltd

Temasek Holdings Private Ltd boosted its position in Elastic N.V. (NYSE:ESTC) by 9.3% during the 4th quarter, HoldingsChannel reports. The firm owned 1,294,465 shares of the company’s stock after buying an additional 109,608 shares during the quarter. Temasek Holdings Private Ltd’s holdings in Elastic were worth $97,654,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of ESTC. Kettle Hill Capital Management LLC bought a new stake in shares of Elastic during the 4th quarter worth about $29,690,000. Vanguard Personalized Indexing Management LLC raised its position in shares of Elastic by 16.4% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 6,928 shares of the company’s stock worth $523,000 after buying an additional 975 shares in the last quarter. Panagora Asset Management Inc. raised its position in shares of Elastic by 12.5% during the 4th quarter. Panagora Asset Management Inc. now owns 1,031,378 shares of the company’s stock worth $77,807,000 after buying an additional 114,965 shares in the last quarter. Mariner LLC raised its position in shares of Elastic by 244.7% during the 4th quarter. Mariner LLC now owns 158,639 shares of the company’s stock worth $11,982,000 after buying an additional 112,617 shares in the last quarter. Finally, Focus Partners Wealth raised its position in shares of Elastic by 232.9% during the 4th quarter. Focus Partners Wealth now owns 60,867 shares of the company’s stock worth $4,610,000 after buying an additional 42,582 shares in the last quarter. 97.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on ESTC shares. Wall Street Zen downgraded shares of Elastic from a “buy” rating to a “hold” rating in a research report on Saturday. Canaccord Genuity Group dropped their price target on shares of Elastic from $90.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday, May 29th. Cantor Fitzgerald dropped their price target on shares of Elastic from $66.00 to $59.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 26th. Scotiabank dropped their price target on shares of Elastic from $61.00 to $58.00 and set a “sector perform” rating on the stock in a research report on Friday, May 29th. Finally, Jefferies Financial Group dropped their price target on shares of Elastic from $95.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, May 29th. Eighteen equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $80.04.

Elastic Stock Performance

Shares of ESTC opened at $62.13 on Tuesday. The firm’s 50 day moving average is $53.03 and its 200-day moving average is $60.99. The stock has a market capitalization of $6.46 billion, a P/E ratio of 17.75, a P/E/G ratio of 19.95 and a beta of 1.00. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.68 and a quick ratio of 1.68. Elastic N.V. has a 12-month low of $42.05 and a 12-month high of $96.07.

Elastic (NYSE:ESTC) last announced its quarterly earnings data on Thursday, May 28th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 21.14% and a negative return on equity of 1.82%. The business’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the company 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 anticipate that Elastic N.V. will post 0.18 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Ken Exner sold 18,449 shares of Elastic stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $60.61, for a total value of $1,118,193.89. Following the transaction, the insider owned 360,037 shares of the company’s stock, valued at $21,821,842.57. The trade was a 4.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CRO Mark Eugene Dodds sold 18,439 shares of Elastic stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $60.61, for a total transaction of $1,117,587.79. Following the completion of the transaction, the executive directly owned 298,211 shares in the company, valued at $18,074,568.71. This represents a 5.82% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 110,099 shares of company stock worth $6,673,100. 12.70% of the stock is owned by insiders.

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.