Elastic N.V. $ESTC Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. cut its holdings in shares of Elastic N.V. (NYSE:ESTC) by 17.7% during the third quarter, HoldingsChannel.com reports. The firm owned 75,685 shares of the company’s stock after selling 16,295 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Elastic were worth $6,940,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ESTC. Bessemer Group Inc. purchased a new stake in shares of Elastic during the 1st quarter valued at $25,000. Basecamp Wealth Advisors LLC purchased a new position in Elastic during the 1st quarter worth $28,000. Fortitude Family Office LLC grew its stake in Elastic by 303.7% during the 3rd quarter. Fortitude Family Office LLC now owns 650 shares of the company’s stock worth $60,000 after buying an additional 489 shares during the last quarter. Harbor Investment Advisory LLC purchased a new position in Elastic during the 2nd quarter worth $42,000. Finally, Root Financial Partners LLC grew its stake in Elastic by 2,976.7% during the 1st quarter. Root Financial Partners LLC now owns 923 shares of the company’s stock worth $46,000 after buying an additional 893 shares during the last quarter. Hedge funds and other institutional investors own 97.03% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. DA Davidson upped their target price on Elastic from $60.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, August 26th. Morgan Stanley raised their price target on Elastic from $66.00 to $75.00 and gave the stock an “equal weight” rating in a report on Friday, August 28th. UBS Group boosted their price target on Elastic from $85.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, August 28th. JPMorgan Chase & Co. boosted their price target on Elastic from $93.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday, August 28th. Finally, Oppenheimer upped their price objective on shares of Elastic from $100.00 to $118.00 and gave the company an “outperform” rating in a report on Friday, August 28th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat, Elastic currently has an average rating of “Moderate Buy” and an average target price of $98.56.

Elastic Price Performance

Shares of NYSE ESTC opened at $102.61 on Friday. The business’s 50 day moving average price is $90.57 and its 200 day moving average price is $69.40. The firm has a market cap of $10.77 billion, a P/E ratio of 28.74, a P/E/G ratio of 8.60 and a beta of 1.03. Elastic N.V. has a 52 week low of $42.05 and a 52 week high of $108.00. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.44.

Elastic (NYSE:ESTC) last issued its quarterly earnings results on Thursday, August 27th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.12. Elastic had a net margin of 20.84% and a negative return on equity of 0.35%. The company had revenue of $478.11 million for the quarter, compared to the consensus estimate of $469.75 million. During the same quarter in the prior year, the company earned $0.60 EPS. Elastic’s quarterly revenue was up 15.2% on a year-over-year basis. Elastic has set its FY 2027 guidance at 3.290-3.370 EPS and its Q2 2027 guidance at 0.800-0.820 EPS. On average, sell-side analysts expect that Elastic N.V. will post 0.65 earnings per share for the current year.

Insider Buying and Selling at Elastic

In other news, Director Steven Schuurman sold 2,000,000 shares of the stock in a transaction on Monday, October 12th. The shares were sold at an average price of $94.15, for a total value of $188,300,000.00. Following the sale, the director owned 2,504,600 shares in the company, valued at $235,808,090. This represents a 44.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Mark Dodds sold 10,000 shares of the firm’s stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $92.58, for a total transaction of $925,800.00. Following the transaction, the executive directly owned 278,538 shares of the company’s stock, valued at approximately $25,787,048.04. This trade represents a 3.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 4,585,641 shares of company stock worth $422,851,366. Corporate insiders own 12.70% of the company’s stock.

Elastic Profile

Elastic N.V. develops search-powered software and services for organizations worldwide. Its technology helps businesses search, analyze and act on structured and unstructured data across applications, websites, infrastructure and security environments. Elastic offers its products through cloud-based and self-managed deployment options.

The company’s core platform, the Elastic Search AI Platform, is built around Elasticsearch and Kibana. Its offerings include Elastic Cloud, a managed cloud service, as well as solutions for enterprise search, observability and security.