Fox Run Management L.L.C. Purchases 16,393 Shares of Elastic N.V. $ESTC

Fox Run Management L.L.C. increased its position in shares of Elastic N.V. (NYSE:ESTC) by 185.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,222 shares of the company’s stock after buying an additional 16,393 shares during the period. Elastic accounts for 0.4% of Fox Run Management L.L.C.’s holdings, making the stock its 19th biggest holding. Fox Run Management L.L.C.’s holdings in Elastic were worth $2,127,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Signaturefd LLC raised its stake in shares of Elastic by 53.7% in the first quarter. Signaturefd LLC now owns 335 shares of the company’s stock worth $30,000 after purchasing an additional 117 shares during the last quarter. Y.D. More Investments Ltd raised its position in Elastic by 0.5% in the 1st quarter. Y.D. More Investments Ltd now owns 29,742 shares of the company’s stock valued at $2,756,000 after buying an additional 145 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in Elastic by 53.7% during the 1st quarter. Smartleaf Asset Management LLC now owns 435 shares of the company’s stock valued at $40,000 after acquiring an additional 152 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in Elastic by 5.1% during the 2nd quarter. Janney Montgomery Scott LLC now owns 3,997 shares of the company’s stock worth $337,000 after acquiring an additional 194 shares during the last quarter. Finally, Bangor Savings Bank boosted its holdings in Elastic by 1.2% during the 2nd quarter. Bangor Savings Bank now owns 16,739 shares of the company’s stock worth $1,412,000 after acquiring an additional 205 shares during the last quarter. Institutional investors own 97.03% of the company’s stock.

Elastic Price Performance

ESTC stock opened at $89.95 on Friday. The stock has a market capitalization of $9.56 billion, a price-to-earnings ratio of -112.44 and a beta of 1.04. The firm’s 50-day moving average price is $86.43 and its two-hundred day moving average price is $85.11. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.59. Elastic N.V. has a 12-month low of $70.14 and a 12-month high of $118.84.

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

Elastic announced that its Board of Directors has approved a stock buyback program on Thursday, October 9th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity

In other Elastic news, CEO Ashutosh Kulkarni sold 19,622 shares of the business’s stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $90.12, for a total transaction of $1,768,334.64. Following the transaction, the chief executive officer directly owned 457,314 shares of the company’s stock, valued at approximately $41,213,137.68. The trade was a 4.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Mark Eugene Dodds sold 5,037 shares of the company’s stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $90.12, for a total transaction of $453,934.44. Following the completion of the transaction, the executive owned 167,284 shares of the company’s stock, valued at $15,075,634.08. This trade represents a 2.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 352,042 shares of company stock valued at $31,087,394. 12.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ESTC. UBS Group raised their price target on shares of Elastic from $95.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Zacks Research lowered shares of Elastic from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 26th. Citigroup reaffirmed a “buy” rating on shares of Elastic in a report on Friday, October 10th. Oppenheimer reiterated an “outperform” rating on shares of Elastic in a research note on Friday, August 29th. Finally, Wells Fargo & Company assumed coverage on shares of Elastic in a report on Tuesday, September 30th. They issued an “equal weight” rating and a $90.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $119.00.

About Elastic

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.