Asset Management One Co. Ltd. Purchases Shares of 2,261 Elastic N.V. $ESTC

Asset Management One Co. Ltd. purchased a new position in shares of Elastic N.V. (NYSE:ESTC) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,261 shares of the company’s stock, valued at approximately $191,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Massachusetts Financial Services Co. MA boosted its stake in shares of Elastic by 5,437.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,288,128 shares of the company’s stock worth $203,872,000 after buying an additional 2,246,808 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Elastic by 6,651.3% in the first quarter. AQR Capital Management LLC now owns 1,403,859 shares of the company’s stock valued at $122,978,000 after acquiring an additional 1,383,065 shares during the period. RGM Capital LLC lifted its holdings in Elastic by 38.1% in the first quarter. RGM Capital LLC now owns 1,197,030 shares of the company’s stock valued at $106,655,000 after acquiring an additional 330,290 shares during the period. Driehaus Capital Management LLC boosted its position in Elastic by 1,450.8% in the 1st quarter. Driehaus Capital Management LLC now owns 880,454 shares of the company’s stock worth $78,448,000 after purchasing an additional 823,680 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its stake in shares of Elastic by 32.6% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 616,133 shares of the company’s stock worth $54,897,000 after purchasing an additional 151,551 shares during the period. Institutional investors and hedge funds own 97.03% of the company’s stock.

Insider Activity

In related news, CFO Navam Welihinda sold 1,256 shares of the stock in a transaction on Monday, October 6th. The stock was sold at an average price of $84.58, for a total value of $106,232.48. Following the completion of the transaction, the chief financial officer directly owned 129,247 shares of the company’s stock, valued at approximately $10,931,711.26. This represents a 0.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jane E. Bone sold 1,250 shares of the firm’s stock in a transaction on Monday, October 13th. The shares were sold at an average price of $87.22, for a total value of $109,025.00. Following the completion of the transaction, the chief accounting officer owned 37,633 shares in the company, valued at $3,282,350.26. The trade was a 3.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 352,042 shares of company stock valued at $31,087,394 in the last three months. Company insiders own 12.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ESTC shares. Wall Street Zen upgraded shares of Elastic from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. Canaccord Genuity Group lifted their price objective on shares of Elastic from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, August 29th. Weiss Ratings reissued a “sell (d)” rating on shares of Elastic in a research note on Wednesday, October 8th. Guggenheim raised their target price on Elastic from $107.00 to $122.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Elastic in a report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Elastic currently has an average rating of “Moderate Buy” and a consensus target price of $119.00.

Elastic Stock Up 2.4%

ESTC stock opened at $88.45 on Friday. Elastic N.V. has a 52 week low of $70.14 and a 52 week high of $118.84. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.59. The firm has a 50-day simple moving average of $85.65 and a 200-day simple moving average of $84.67. The stock has a market capitalization of $9.40 billion, a P/E ratio of -110.57 and a beta of 1.05.

Elastic (NYSE:ESTC) last posted its quarterly earnings data on Thursday, August 28th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.42 by ($0.50). Elastic had a negative return on equity of 1.68% and a negative net margin of 5.38%.The firm had revenue of $415.29 million for the quarter, compared to analysts’ expectations of $397.13 million. During the same quarter last year, the firm posted $0.35 earnings per share. Elastic’s quarterly revenue was up 19.5% on a year-over-year basis. Elastic has set its FY 2026 guidance at 2.290-2.350 EPS. Q2 2026 guidance at 0.560-0.580 EPS. Equities analysts forecast that Elastic N.V. will post -0.77 earnings per share for the current fiscal year.

Elastic declared that its board has authorized a share repurchase program on Thursday, October 9th that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Elastic Profile

Elastic N.V., a data analytics company, delivers solutions designed to run in public or private clouds in multi-cloud environments. It primarily offers Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as performs search, analysis, and visualization on that data.