Penserra Capital Management LLC Purchases 79,755 Shares of Elastic N.V. $ESTC

Penserra Capital Management LLC raised its position in Elastic N.V. (NYSE:ESTC) by 52.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 232,518 shares of the company’s stock after buying an additional 79,755 shares during the quarter. Penserra Capital Management LLC’s holdings in Elastic were worth $19,608,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Signaturefd LLC boosted its position in shares of Elastic by 53.7% during the 1st quarter. Signaturefd LLC now owns 335 shares of the company’s stock worth $30,000 after acquiring an additional 117 shares in the last quarter. Huntington National Bank lifted its stake in Elastic by 97.5% during the second quarter. Huntington National Bank now owns 468 shares of the company’s stock worth $39,000 after purchasing an additional 231 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Elastic by 53.7% in the 1st quarter. Smartleaf Asset Management LLC now owns 435 shares of the company’s stock valued at $40,000 after purchasing an additional 152 shares in the last quarter. Plato Investment Management Ltd bought a new position in shares of Elastic in the 2nd quarter valued at $40,000. Finally, Oliver Lagore Vanvalin Investment Group bought a new position in shares of Elastic in the 2nd quarter valued at $60,000. Institutional investors own 97.03% of the company’s stock.

Insider Buying and Selling

In related news, insider Carolyn Herzog sold 5,143 shares of the stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $90.12, for a total value of $463,487.16. Following the completion of the sale, the insider directly owned 94,677 shares in the company, valued at $8,532,291.24. This represents a 5.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Ken Exner sold 6,290 shares of the firm’s stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $90.12, for a total value of $566,854.80. Following the transaction, the insider directly owned 233,582 shares of the company’s stock, valued at approximately $21,050,409.84. This represents a 2.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 352,042 shares of company stock valued at $31,087,394 over the last quarter. 12.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Scotiabank set a $90.00 price objective on Elastic and gave the stock a “sector perform” rating in a research report on Monday, October 6th. Barclays boosted their target price on Elastic from $105.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, August 29th. DA Davidson initiated coverage on shares of Elastic in a report on Friday, August 29th. They issued a “neutral” rating and a $105.00 target price for the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Elastic in a report on Friday, October 10th. Finally, Mizuho upped their price objective on shares of Elastic from $100.00 to $119.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $119.00.

Elastic Stock Performance

Elastic stock opened at $89.95 on Friday. The business has a 50 day moving average of $86.43 and a 200-day moving average of $85.11. The company has a market capitalization of $9.56 billion, a P/E ratio of -112.44 and a beta of 1.04. Elastic N.V. has a 1 year low of $70.14 and a 1 year high of $118.84. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.09 and a quick ratio of 2.09.

Elastic (NYSE:ESTC) last posted its earnings results on Thursday, August 28th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.42 by ($0.50). Elastic had a negative return on equity of 1.68% and a negative net margin of 5.38%.The business had revenue of $415.29 million for the quarter, compared to analyst estimates of $397.13 million. During the same quarter in the prior year, the business earned $0.35 earnings per share. The firm’s quarterly revenue was up 19.5% on a year-over-year basis. Elastic has set its FY 2026 guidance at 2.290-2.350 EPS. Q2 2026 guidance at 0.560-0.580 EPS. On average, equities research analysts predict that Elastic N.V. will post -0.77 earnings per share for the current year.

Elastic announced that its Board of Directors has approved a stock buyback plan on Thursday, October 9th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Elastic Company Profile

Elastic N.V., a data analytics company, delivers solutions designed to run in public or private clouds in multi-cloud environments. It primarily offers Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as performs search, analysis, and visualization on that data.