Elastic N.V. $ESTC Position Trimmed by Neumann Advisory Hong Kong Ltd

Neumann Advisory Hong Kong Ltd decreased its holdings in Elastic N.V. (NYSE:ESTC) by 36.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 35,930 shares of the company’s stock after selling 20,800 shares during the period. Elastic comprises about 0.7% of Neumann Advisory Hong Kong Ltd’s portfolio, making the stock its 5th biggest holding. Neumann Advisory Hong Kong Ltd’s holdings in Elastic were worth $2,711,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Geneos Wealth Management Inc. purchased a new position in Elastic during the second quarter valued at approximately $31,000. Promus Capital LLC purchased a new stake in Elastic in the 2nd quarter worth approximately $45,000. Smartleaf Asset Management LLC boosted its stake in shares of Elastic by 75.6% during the 3rd quarter. Smartleaf Asset Management LLC now owns 662 shares of the company’s stock valued at $58,000 after buying an additional 285 shares during the period. True Wealth Design LLC grew its holdings in shares of Elastic by 391.2% during the 3rd quarter. True Wealth Design LLC now owns 673 shares of the company’s stock valued at $57,000 after acquiring an additional 536 shares in the last quarter. Finally, Allworth Financial LP grew its holdings in shares of Elastic by 1,170.4% during the 2nd quarter. Allworth Financial LP now owns 686 shares of the company’s stock valued at $58,000 after acquiring an additional 632 shares in the last quarter. 97.03% of the stock is currently owned by institutional investors and hedge funds.

Elastic Trading Down 3.4%

Shares of NYSE:ESTC opened at $53.30 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $5.52 billion, a PE ratio of -66.62, a P/E/G ratio of 68.49 and a beta of 0.98. Elastic N.V. has a 1 year low of $49.90 and a 1 year high of $103.79. The firm has a fifty day moving average price of $61.45 and a 200 day moving average price of $75.01.

Elastic (NYSE:ESTC) last posted its earnings results on Thursday, February 26th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $438.37 million. During the same period last year, the company earned $0.63 earnings per share. The business’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. Analysts expect that Elastic N.V. will post -0.77 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on ESTC. Canaccord Genuity Group cut their price objective on Elastic from $115.00 to $90.00 and set a “buy” rating for the company in a report on Friday, February 27th. Oppenheimer lowered their target price on Elastic from $100.00 to $85.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th. Rosenblatt Securities dropped their target price on Elastic from $130.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. Jefferies Financial Group cut their price target on Elastic from $105.00 to $95.00 and set a “buy” rating for the company in a research note on Monday, January 5th. Finally, Piper Sandler lowered their price target on Elastic from $110.00 to $85.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. Seventeen analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $95.25.

Insider Buying and Selling at Elastic

In related news, insider Ken Exner sold 4,310 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 value of $225,326.80. Following the transaction, the insider directly owned 222,728 shares of the company’s stock, valued at approximately $11,644,219.84. This trade represents a 1.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CRO Mark Eugene Dodds sold 3,723 shares of the business’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 value of $194,638.44. Following the completion of the sale, the executive owned 152,563 shares of the company’s stock, valued at approximately $7,975,993.64. This trade represents a 2.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 39,375 shares of company stock worth $2,091,797 in the last 90 days. 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.