Wealth Enhancement Advisory Services LLC Grows Position in Elastic N.V. $ESTC

Wealth Enhancement Advisory Services LLC grew its holdings in shares of Elastic N.V. (NYSE:ESTC) by 138.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 96,023 shares of the company’s stock after acquiring an additional 55,720 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Elastic were worth $7,284,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Focus Partners Wealth purchased a new stake in Elastic in the first quarter valued at approximately $494,000. Cetera Investment Advisers grew its stake in Elastic by 29.6% in the 2nd quarter. Cetera Investment Advisers now owns 10,278 shares of the company’s stock worth $867,000 after buying an additional 2,349 shares in the last quarter. Prudential Financial Inc. grew its stake in Elastic by 26.8% in the 2nd quarter. Prudential Financial Inc. now owns 22,310 shares of the company’s stock worth $1,921,000 after buying an additional 4,710 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Elastic by 211.0% in the 2nd quarter. Advisors Asset Management Inc. now owns 2,768 shares of the company’s stock worth $233,000 after buying an additional 1,878 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of Elastic by 60.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 33,659 shares of the company’s stock worth $2,830,000 after buying an additional 12,654 shares during the last quarter. 97.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Elastic

In other news, CRO Mark Eugene Dodds sold 3,723 shares of the business’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $52.28, for a total transaction of $194,638.44. Following the sale, the executive owned 152,563 shares in the company, valued at approximately $7,975,993.64. The trade was a 2.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Ken Exner sold 4,310 shares of the stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $52.28, for a total transaction of $225,326.80. Following the completion of the transaction, the insider owned 222,728 shares of the company’s stock, valued at approximately $11,644,219.84. The trade was a 1.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 39,375 shares of company stock valued at $2,091,797. Company insiders own 12.70% of the company’s stock.

Wall Street Analyst Weigh In

ESTC has been the subject of a number of research analyst reports. Rosenblatt Securities dropped their price objective on shares of Elastic from $130.00 to $110.00 and set a “buy” rating for the company in a report on Friday, January 30th. Morgan Stanley dropped their price target on Elastic from $80.00 to $73.00 and set an “overweight” rating for the company in a research note on Monday, March 2nd. DA Davidson cut their price objective on Elastic from $80.00 to $65.00 and set a “neutral” rating for the company in a report on Monday, March 2nd. Barclays decreased their price objective on Elastic from $78.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Elastic from $113.00 to $98.00 and set an “overweight” rating on the stock in a research report on Friday, February 20th. Seventeen analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Elastic has an average rating of “Moderate Buy” and a consensus price target of $95.25.

Elastic Stock Down 5.4%

ESTC stock opened at $48.55 on Friday. Elastic N.V. has a fifty-two week low of $47.49 and a fifty-two week high of $96.07. The company has a market capitalization of $5.03 billion, a price-to-earnings ratio of -60.69, a price-to-earnings-growth ratio of 62.34 and a beta of 0.98. The business’s 50 day moving average price is $59.12 and its two-hundred day moving average price is $73.69. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.82 and a current ratio of 1.82.

Elastic (NYSE:ESTC) last released its earnings results on Thursday, February 26th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.09. Elastic had a negative return on equity of 2.34% and a negative net margin of 5.04%.The company had revenue of $449.88 million during the quarter, compared to analysts’ expectations of $438.37 million. During the same quarter last year, the business posted $0.63 EPS. The firm’s revenue for the quarter was up 17.7% compared to the same quarter last year. 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, analysts forecast that Elastic N.V. will post -0.77 earnings per share for the current fiscal year.

About Elastic

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.