Y Intercept Hong Kong Ltd Acquires 23,712 Shares of Elastic N.V. $ESTC

Y Intercept Hong Kong Ltd lifted its holdings in shares of Elastic N.V. (NYSE:ESTC) by 41.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,402 shares of the company’s stock after buying an additional 23,712 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Elastic were worth $6,878,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Geneos Wealth Management Inc. bought a new position in Elastic during the 2nd quarter valued at about $31,000. Huntington National Bank raised its holdings in shares of Elastic by 97.5% during the second quarter. Huntington National Bank now owns 468 shares of the company’s stock valued at $39,000 after purchasing an additional 231 shares during the last quarter. Plato Investment Management Ltd bought a new position in Elastic during the second quarter valued at approximately $40,000. Promus Capital LLC bought a new position in shares of Elastic during the 2nd quarter valued at $45,000. Finally, True Wealth Design LLC lifted its holdings in shares of Elastic by 391.2% during the 3rd quarter. True Wealth Design LLC now owns 673 shares of the company’s stock valued at $57,000 after buying an additional 536 shares during the period. Hedge funds and other institutional investors own 97.03% of the company’s stock.

Elastic Stock Performance

Shares of NYSE ESTC opened at $71.81 on Friday. The stock has a market cap of $7.57 billion, a PE ratio of -69.71, a price-to-earnings-growth ratio of 291.99 and a beta of 0.92. Elastic N.V. has a 1 year low of $67.96 and a 1 year high of $118.84. The firm has a fifty day moving average price of $75.26 and a 200-day moving average price of $81.62. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.97 and a quick ratio of 1.97.

Elastic (NYSE:ESTC) last issued its earnings results on Thursday, November 20th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.06. The company had revenue of $423.48 million during the quarter, compared to the consensus estimate of $418.27 million. Elastic had a negative net margin of 6.79% and a negative return on equity of 2.02%. Elastic’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.59 EPS. Elastic has set its Q3 2026 guidance at 0.630-0.65 EPS. Equities analysts anticipate that Elastic N.V. will post -0.77 earnings per share for the current fiscal year.

Elastic declared that its board has authorized a stock repurchase plan on Thursday, October 9th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other Elastic news, insider Carolyn Herzog sold 5,353 shares of the stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $75.05, for a total transaction of $401,742.65. Following the completion of the sale, the insider directly owned 89,324 shares of the company’s stock, valued at $6,703,766.20. This trade represents a 5.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ashutosh Kulkarni sold 20,413 shares of the business’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $75.05, for a total transaction of $1,531,995.65. Following the completion of the transaction, the chief executive officer directly owned 431,901 shares in the company, valued at $32,414,170.05. This trade represents a 4.51% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 61,828 shares of company stock worth $4,641,010 over the last ninety days. 12.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

ESTC has been the subject of several research analyst reports. Barclays cut their price objective on Elastic from $107.00 to $100.00 and set an “overweight” rating for the company in a report on Monday, January 12th. Truist Financial cut their price target on Elastic from $140.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, November 19th. Citigroup reduced their price target on shares of Elastic from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Monday, November 24th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Elastic in a report on Wednesday. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Elastic in a research note on Friday, October 10th. Seventeen investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Elastic has an average rating of “Moderate Buy” and an average target price of $105.71.

Elastic Company Profile

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.