Ossiam Purchases 168,557 Shares of Elastic N.V. $ESTC

Ossiam raised its position in shares of Elastic N.V. (NYSE:ESTC) by 124.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 303,827 shares of the company’s stock after buying an additional 168,557 shares during the quarter. Ossiam’s holdings in Elastic were worth $25,670,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Focus Partners Wealth purchased a new stake in shares of Elastic during the 1st quarter worth approximately $494,000. Envestnet Asset Management Inc. grew its holdings in shares of Elastic by 1.5% in the second quarter. Envestnet Asset Management Inc. now owns 32,215 shares of the company’s stock valued at $2,717,000 after purchasing an additional 472 shares in the last quarter. Los Angeles Capital Management LLC increased its position in Elastic by 3.2% in the second quarter. Los Angeles Capital Management LLC now owns 7,321 shares of the company’s stock worth $617,000 after purchasing an additional 226 shares during the last quarter. ProShare Advisors LLC increased its position in Elastic by 24.2% in the second quarter. ProShare Advisors LLC now owns 3,746 shares of the company’s stock worth $316,000 after purchasing an additional 731 shares during the last quarter. Finally, Allworth Financial LP raised its stake in Elastic by 1,170.4% during the second quarter. Allworth Financial LP now owns 686 shares of the company’s stock valued at $58,000 after purchasing an additional 632 shares in the last quarter. Institutional investors own 97.03% of the company’s stock.

Elastic Price Performance

ESTC stock opened at $51.45 on Friday. The stock has a market cap of $5.33 billion, a PE ratio of -64.32, a P/E/G ratio of 66.43 and a beta of 0.98. Elastic N.V. has a 12 month low of $49.90 and a 12 month high of $103.79. The company has a 50-day moving average price of $63.66 and a 200 day moving average price of $76.09. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.72.

Elastic (NYSE:ESTC) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.73 earnings per share for the quarter, topping 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 company had revenue of $449.88 million for the quarter, compared to analyst estimates of $438.37 million. During the same period in the prior year, the company posted $0.63 EPS. The firm’s revenue for the quarter 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. Equities research analysts anticipate that Elastic N.V. will post -0.77 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Stifel Nicolaus lowered their price objective on shares of Elastic from $134.00 to $108.00 and set a “buy” rating for the company in a research report on Friday, November 21st. DA Davidson decreased their target price on shares of Elastic from $80.00 to $65.00 and set a “neutral” rating on the stock in a research report on Monday, March 2nd. Royal Bank Of Canada lowered their price target on shares of Elastic from $115.00 to $95.00 and set an “outperform” rating for the company in a report on Monday, January 5th. Jefferies Financial Group dropped their price target on Elastic from $105.00 to $95.00 and set a “buy” rating for the company in a research report on Monday, January 5th. Finally, UBS Group reduced their price objective on Elastic from $125.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, November 21st. Seventeen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Elastic presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.25.

Insider Transactions at Elastic

In related news, CAO Jane E. Bone sold 887 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $52.28, for a total transaction of $46,372.36. Following the completion of the sale, the chief accounting officer directly owned 42,284 shares of the company’s stock, valued at approximately $2,210,607.52. This trade represents a 2.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $194,638.44. Following the transaction, the executive owned 152,563 shares of the company’s stock, valued at approximately $7,975,993.64. The trade was a 2.38% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 44,375 shares of company stock valued at $2,464,797. Company insiders own 12.70% of the company’s stock.

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.