Wellington Management Group LLP Takes $41.89 Million Position in Elastic N.V. $ESTC

Wellington Management Group LLP acquired a new stake in Elastic N.V. (NYSE:ESTC) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 734,633 shares of the company’s stock, valued at approximately $41,889,000.

Other institutional investors also recently bought and sold shares of the company. AQR Capital Management LLC grew its position in Elastic by 153.4% during the 4th quarter. AQR Capital Management LLC now owns 7,545,081 shares of the company’s stock worth $569,201,000 after purchasing an additional 4,567,720 shares during the last quarter. First Trust Advisors LP grew its stake in Elastic by 516.1% during the 1st quarter. First Trust Advisors LP now owns 2,627,636 shares of the company’s stock valued at $131,356,000 after purchasing an additional 2,201,140 shares during the last quarter. Pictet Asset Management Holding SA increased its holdings in shares of Elastic by 43.2% in the first quarter. Pictet Asset Management Holding SA now owns 6,492,717 shares of the company’s stock valued at $324,550,000 after purchasing an additional 1,958,219 shares during the period. FIL Ltd increased its holdings in shares of Elastic by 36.9% in the fourth quarter. FIL Ltd now owns 3,628,748 shares of the company’s stock valued at $273,753,000 after purchasing an additional 977,578 shares during the period. Finally, Alyeska Investment Group L.P. raised its stake in shares of Elastic by 490.4% in the third quarter. Alyeska Investment Group L.P. now owns 1,113,503 shares of the company’s stock worth $94,080,000 after purchasing an additional 924,911 shares during the last quarter. 97.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Elastic news, CTO Shay Banon sold 200,000 shares of the stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $96.47, for a total transaction of $19,294,000.00. Following the transaction, the chief technology officer owned 1,854,978 shares in the company, valued at approximately $178,949,727.66. This represents a 9.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CRO Mark Dodds sold 18,439 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $60.61, for a total value of $1,117,587.79. Following the transaction, the executive directly owned 298,211 shares of the company’s stock, valued at approximately $18,074,568.71. The trade was a 5.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 600,573 shares of company stock worth $52,492,868 in the last ninety days. 12.70% of the stock is owned by corporate insiders.

Elastic Price Performance

NYSE:ESTC opened at $96.27 on Friday. The company has a 50 day moving average price of $71.17 and a 200-day moving average price of $59.94. Elastic N.V. has a 1-year low of $42.05 and a 1-year high of $108.00. The firm has a market cap of $10.11 billion, a price-to-earnings ratio of 26.97, a price-to-earnings-growth ratio of 8.68 and a beta of 1.03. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.81 and a quick ratio of 1.68.

Elastic (NYSE:ESTC) last released its quarterly earnings data on Thursday, August 27th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.12. The company had revenue of $478.11 million during the quarter, compared to analysts’ expectations of $469.75 million. Elastic had a net margin of 20.84% and a negative return on equity of 0.35%. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.60 earnings per share. Elastic has set its FY 2027 guidance at 3.290-3.370 EPS and its Q2 2027 guidance at 0.800-0.820 EPS. Equities research analysts forecast that Elastic N.V. will post 0.56 EPS for the current year.

Key Elastic News

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Elastic announced plans to integrate OpenAI GPT cyber models directly into Elastic Security. The models are intended to help security teams triage alerts, investigate threats, build detections and accelerate remediation without requiring customers to manage separate AI infrastructure. The partnership strengthens Elastic’s position in the fast-growing AI-powered cybersecurity market. Elastic Brings OpenAI GPT Cyber Models Into Elastic Security
• Positive Sentiment: The latest quarterly report provided a solid fundamental backdrop: adjusted earnings per share of $0.70 exceeded the $0.58 consensus estimate, while revenue of $478.11 million topped expectations of $469.75 million and increased 15.2% year over year. Fiscal 2027 earnings guidance of $3.29 to $3.37 per share and upward earnings-estimate revisions are supporting the bullish case. Can Elastic Run Higher on Rising Earnings Estimates?
• Neutral Sentiment: Analyst opinion remains mixed after the earnings-driven rally. UBS raised its price target to $105 and maintained a Buy rating, while DA Davidson and Bank of America kept Neutral ratings despite higher targets. The consensus rating is Moderate Buy, with an average price target of $94.12, suggesting limited upside at recent levels.
• Negative Sentiment: Several insiders sold shares following the rally. CTO Shay Banon sold 476,298 shares for approximately $44.5 million across August 31 through September 2, while other insiders sold additional shares. Although executives retain substantial holdings and sales may reflect profit-taking, the concentrated insider selling could weigh on sentiment and raise valuation concerns. Elastic Insider Sale Filings

Wall Street Analysts Forecast Growth

ESTC has been the topic of a number of recent research reports. DA Davidson upped their target price on Elastic from $60.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, August 26th. JPMorgan Chase & Co. lifted their price objective on shares of Elastic from $93.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, August 28th. Wolfe Research set a $55.00 price objective on shares of Elastic in a report on Friday, May 29th. TD Cowen increased their price objective on shares of Elastic from $55.00 to $70.00 and gave the stock a “hold” rating in a research note on Tuesday, August 25th. Finally, Cantor Fitzgerald boosted their target price on shares of Elastic from $91.00 to $100.00 and gave the company a “neutral” rating in a research report on Friday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and thirteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $94.12.

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.