J. Safra Sarasin Holding AG Acquires 13,626 Shares of Elastic N.V. $ESTC

J. Safra Sarasin Holding AG increased its holdings in Elastic N.V. (NYSE:ESTC) by 11.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 132,246 shares of the company’s stock after purchasing an additional 13,626 shares during the period. J. Safra Sarasin Holding AG’s holdings in Elastic were worth $11,173,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Qube Research & Technologies Ltd grew its position in shares of Elastic by 302.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 932,630 shares of the company’s stock valued at $78,649,000 after buying an additional 700,697 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Elastic by 305.9% in the second quarter. BNP Paribas Financial Markets now owns 832,353 shares of the company’s stock valued at $70,192,000 after acquiring an additional 627,284 shares during the last quarter. Temasek Holdings Private Ltd acquired a new stake in Elastic during the 2nd quarter valued at approximately $48,115,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Elastic by 972.9% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 591,015 shares of the company’s stock worth $49,840,000 after purchasing an additional 535,927 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Elastic by 30.5% in the 2nd quarter. AQR Capital Management LLC now owns 1,832,215 shares of the company’s stock worth $153,100,000 after purchasing an additional 428,356 shares during the period. 97.03% of the stock is currently owned by institutional investors and hedge funds.

Elastic Price Performance

Shares of ESTC opened at $75.14 on Tuesday. The business’s fifty day moving average is $75.01 and its 200 day moving average is $81.52. Elastic N.V. has a 12-month low of $67.96 and a 12-month high of $118.84. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.64. The stock has a market cap of $7.92 billion, a P/E ratio of -72.95, a P/E/G ratio of 291.99 and a beta of 0.92.

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

Elastic announced that its Board of Directors has approved a stock buyback plan on Thursday, October 9th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are usually an indication 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 business’s stock in a transaction that occurred on Tuesday, December 9th. The stock was 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 approximately $6,703,766.20. The trade was a 5.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ashutosh Kulkarni sold 20,413 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $75.05, for a total value of $1,531,995.65. Following the completion of the transaction, the chief executive officer owned 431,901 shares in the company, valued at $32,414,170.05. This represents a 4.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 61,828 shares of company stock worth $4,641,010 in the last 90 days. Company insiders own 12.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ESTC shares. Barclays lowered their target price on shares of Elastic from $107.00 to $100.00 and set an “overweight” rating for the company in a research note on Monday, January 12th. Robert W. Baird upped their target price on Elastic from $120.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, October 10th. Bank of America lowered their target price on Elastic from $111.00 to $90.00 and set a “neutral” rating for the company in a report on Friday, November 21st. Rosenblatt Securities reissued a “buy” rating and issued a $130.00 price target on shares of Elastic in a research note on Wednesday, November 19th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Elastic from $120.00 to $113.00 and set an “overweight” rating for the company in a research report on Friday, November 21st. Seventeen research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.