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

Wealth Enhancement Advisory Services LLC lifted its position in shares of Elastic N.V. (NYSE:ESTC) by 138.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 96,023 shares of the company’s stock after purchasing an additional 55,720 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.09% of Elastic worth $7,284,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. bought a new position in shares of Elastic during the 2nd quarter worth approximately $31,000. Promus Capital LLC bought a new position in shares of Elastic in the second quarter valued at approximately $45,000. Smartleaf Asset Management LLC increased its position in shares of Elastic by 75.6% during the third quarter. Smartleaf Asset Management LLC now owns 662 shares of the company’s stock valued at $58,000 after acquiring an additional 285 shares during the last quarter. True Wealth Design LLC increased its position in shares of Elastic by 391.2% during the third quarter. True Wealth Design LLC now owns 673 shares of the company’s stock valued at $57,000 after acquiring an additional 536 shares during the last quarter. Finally, Employees Retirement System of Texas bought a new stake in Elastic during the second quarter worth $61,000. 97.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on ESTC shares. TD Cowen reissued a “hold” rating on shares of Elastic in a research report on Monday, February 23rd. Weiss Ratings reiterated a “sell (d)” rating on shares of Elastic in a research note on Wednesday, January 21st. Barclays cut their price target on shares of Elastic from $78.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. Truist Financial decreased their price objective on shares of Elastic from $105.00 to $80.00 and set a “buy” rating for the company in a report on Friday, February 27th. Finally, Citigroup dropped their target price on shares of Elastic from $115.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Seventeen investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $95.25.

Elastic Stock Performance

NYSE:ESTC opened at $48.55 on Friday. 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 N.V. has a 52-week low of $47.49 and a 52-week high of $96.07. The firm has a market cap of $5.03 billion, a price-to-earnings ratio of -60.69, a PEG ratio of 62.34 and a beta of 0.98. The business’s fifty day moving average is $59.12 and its 200 day moving average is $73.69.

Elastic (NYSE:ESTC) last issued its earnings results on Thursday, February 26th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.64 by $0.09. The business had revenue of $449.88 million during the quarter, compared to the consensus estimate of $438.37 million. Elastic had a negative return on equity of 2.34% and a negative net margin of 5.04%.During the same quarter last year, the company earned $0.63 EPS. The firm’s revenue 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. Research analysts predict that Elastic N.V. will post -0.77 EPS for the current year.

Insider Activity at Elastic

In related news, CTO Shay Banon sold 4,283 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $52.28, for a total transaction of $223,915.24. Following the sale, the chief technology officer owned 4,354,945 shares of the company’s stock, valued at approximately $227,676,524.60. This represents a 0.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Carolyn Herzog sold 3,989 shares of the 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 $208,544.92. Following the completion of the sale, the insider owned 85,335 shares in the company, valued at $4,461,313.80. This represents a 4.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 39,375 shares of company stock valued at $2,091,797 in the last quarter. 12.70% of the stock is currently owned by company insiders.

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.