Focus Partners Advisor Solutions LLC Buys 14,331 Shares of Elastic N.V. $ESTC

Focus Partners Advisor Solutions LLC raised its stake in Elastic N.V. (NYSE:ESTC) by 180.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,251 shares of the company’s stock after acquiring an additional 14,331 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Elastic were worth $2,026,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of ESTC. AXQ Capital LP purchased a new stake in Elastic in the 2nd quarter worth about $419,000. Geode Capital Management LLC boosted its position in Elastic by 3.6% during the second quarter. Geode Capital Management LLC now owns 1,569,578 shares of the company’s stock worth $132,384,000 after purchasing an additional 54,812 shares during the period. Mackenzie Financial Corp increased its stake in shares of Elastic by 622.2% in the second quarter. Mackenzie Financial Corp now owns 77,005 shares of the company’s stock worth $6,494,000 after purchasing an additional 66,342 shares in the last quarter. Panagora Asset Management Inc. increased its stake in shares of Elastic by 102.3% in the second quarter. Panagora Asset Management Inc. now owns 464,268 shares of the company’s stock worth $39,152,000 after purchasing an additional 234,735 shares in the last quarter. Finally, Citigroup Inc. raised its position in shares of Elastic by 89.0% in the third quarter. Citigroup Inc. now owns 89,357 shares of the company’s stock valued at $7,550,000 after purchasing an additional 42,087 shares during the period. Hedge funds and other institutional investors own 97.03% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on ESTC. Jefferies Financial Group reduced their price objective on shares of Elastic from $105.00 to $95.00 and set a “buy” rating for the company in a research note on Monday, January 5th. Canaccord Genuity Group cut their price target on Elastic from $115.00 to $90.00 and set a “buy” rating for the company in a report on Friday, February 27th. Weiss Ratings reiterated a “sell (d)” rating on shares of Elastic in a research note on Wednesday, January 21st. Wells Fargo & Company dropped their price objective on Elastic from $75.00 to $60.00 and set an “equal weight” rating on the stock in a report on Friday, February 27th. Finally, Citigroup cut their target price on Elastic from $115.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, February 20th. Seventeen investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $95.25.

Insider Activity

In other Elastic news, insider Ken Exner sold 6,544 shares of Elastic stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $75.05, for a total transaction of $491,127.20. Following the completion of the sale, the insider owned 227,038 shares of the company’s stock, valued at $17,039,201.90. The trade was a 2.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Navam Welihinda sold 1,046 shares of the company’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $74.51, for a total value of $77,937.46. Following the completion of the transaction, the chief financial officer owned 123,874 shares of the company’s stock, valued at $9,229,851.74. The trade was a 0.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 61,828 shares of company stock worth $4,641,010. Corporate insiders own 12.70% of the company’s stock.

Elastic Stock Performance

Shares of ESTC opened at $51.79 on Thursday. Elastic N.V. has a 12-month low of $49.90 and a 12-month high of $109.92. The company has a current ratio of 1.82, a quick ratio of 1.97 and a debt-to-equity ratio of 0.72. The company has a market cap of $5.36 billion, a PE ratio of -64.74, a price-to-earnings-growth ratio of 135.37 and a beta of 0.98. The stock has a 50-day moving average price of $66.92 and a 200-day moving average price of $77.34.

Elastic (NYSE:ESTC) last announced its earnings results on Thursday, February 26th. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.09. Elastic had a negative net margin of 5.04% and a negative return on equity of 2.34%. The business had revenue of $449.88 million for the quarter, compared to the consensus estimate of $438.37 million. During the same period last year, the firm posted $0.63 earnings per share. Elastic’s quarterly revenue was up 17.7% on a year-over-year basis. Elastic has set its FY 2026 guidance at 2.500-2.540 EPS and its Q4 2026 guidance at 0.550-0.570 EPS. As a group, equities analysts forecast that Elastic N.V. will post -0.77 earnings per share for the current fiscal year.

Elastic 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.