Elastic N.V. $ESTC Stock Position Lifted by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund boosted its position in shares of Elastic N.V. (NYSE:ESTC) by 49.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 43,584 shares of the company’s stock after buying an additional 14,372 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Elastic were worth $3,997,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in shares of Elastic by 1.8% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 5,700 shares of the company’s stock valued at $523,000 after buying an additional 100 shares during the period. Signaturefd LLC lifted its stake in shares of Elastic by 101.6% during the third quarter. Signaturefd LLC now owns 496 shares of the company’s stock valued at $45,000 after acquiring an additional 250 shares during the period. 180 Wealth Advisors LLC lifted its stake in shares of Elastic by 4.6% during the second quarter. 180 Wealth Advisors LLC now owns 6,027 shares of the company’s stock valued at $344,000 after acquiring an additional 263 shares during the period. Fortitude Family Office LLC lifted its stake in shares of Elastic by 303.7% during the third quarter. Fortitude Family Office LLC now owns 650 shares of the company’s stock valued at $60,000 after acquiring an additional 489 shares during the period. Finally, Bessemer Group Inc. bought a new position in Elastic in the first quarter valued at about $25,000. 97.03% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Steven Schuurman sold 2,000,000 shares of the company’s stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $94.15, for a total value of $188,300,000.00. Following the completion of the sale, the director directly owned 2,504,600 shares of the company’s stock, valued at $235,808,090. This represents a 44.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CTO Shay Banon sold 200,000 shares of the stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $96.47, for a total transaction of $19,294,000.00. Following the completion of the sale, the chief technology officer owned 1,854,978 shares in the company, valued at $178,949,727.66. This represents a 9.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 4,585,641 shares of company stock worth $422,851,366. Insiders own 12.70% of the company’s stock.

Elastic Trading Down 0.7%

Shares of NYSE:ESTC traded down $0.65 during midday trading on Friday, hitting $88.41. The company had a trading volume of 1,324,244 shares, compared to its average volume of 1,799,090. Elastic N.V. has a 12 month low of $42.05 and a 12 month high of $108.00. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.44. The stock has a market cap of $9.28 billion, a price-to-earnings ratio of 24.77, a PEG ratio of 7.48 and a beta of 0.97. The firm has a fifty day simple moving average of $92.18 and a 200 day simple moving average of $68.27.

Elastic (NYSE:ESTC) last announced its quarterly earnings data on Thursday, August 27th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.12. The business had revenue of $478.11 million during the quarter, compared to analysts’ expectations of $469.75 million. Elastic had a negative return on equity of 0.35% and a net margin of 20.84%. The firm’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.60 earnings per share. 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, analysts predict that Elastic N.V. will post 0.65 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Monness Crespi & Hardt upgraded Elastic from a “neutral” rating to a “buy” rating and set a $120.00 price objective for the company in a research report on Friday, October 9th. Truist Financial upped their target price on shares of Elastic from $80.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, August 20th. Barclays raised their target price on shares of Elastic from $68.00 to $94.00 and gave the company an “overweight” rating in a research note on Monday, August 24th. Needham & Company LLC reiterated a “hold” rating on shares of Elastic in a research report on Friday, October 9th. Finally, Morgan Stanley lifted their price target on shares of Elastic from $66.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Friday, August 28th. Seventeen equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $98.70.

About Elastic

Elastic N.V. develops software for search, observability and security. Its products help organizations search and analyze data, monitor applications and infrastructure, and detect and respond to cybersecurity threats. The company’s offerings include the Elastic Stack—built around Elasticsearch and including Kibana, Logstash and Beats—as well as cloud-based services through Elastic Cloud. These tools can be used to work with data from a range of sources and support applications such as enterprise search, log analytics and security monitoring.