Robeco Schweiz AG Buys New Position in Elastic N.V. $ESTC

by · The Markets Daily

Robeco Schweiz AG bought a new stake in Elastic N.V. (NYSE:ESTC – Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 121,600 shares of the company’s stock, valued at approximately $11,151,000. Robeco Schweiz AG owned 0.12% of Elastic as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in ESTC. Bessemer Group Inc. purchased a new stake in Elastic in the first quarter worth $25,000. Basecamp Wealth Advisors LLC purchased a new position in Elastic during the first quarter valued at $28,000. Harbor Investment Advisory LLC purchased a new position in Elastic during the second quarter valued at $42,000. Signaturefd LLC lifted its position in Elastic by 101.6% during the third quarter. Signaturefd LLC now owns 496 shares of the company’s stock valued at $45,000 after buying an additional 250 shares during the period. Finally, Root Financial Partners LLC boosted its holdings in shares of Elastic by 2,976.7% during the 1st quarter. Root Financial Partners LLC now owns 923 shares of the company’s stock valued at $46,000 after buying an additional 893 shares in the last quarter. 97.03% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on ESTC shares. Barclays upped their target price on shares of Elastic from $68.00 to $94.00 and gave the stock an “overweight” rating in a research report on Monday, August 24th. Scotiabank lifted their price target on shares of Elastic from $58.00 to $84.00 and gave the company a “sector perform” rating in a research report on Friday, August 28th. Monness Crespi & Hardt raised shares of Elastic from a “neutral” rating to a “buy” rating and set a $120.00 price target for the company in a research report on Friday, October 9th. Needham & Company LLC reissued a “hold” rating on shares of Elastic in a research note on Friday, October 9th. Finally, Zacks Research upgraded shares of Elastic from a “hold” rating to a “strong-buy” rating in a report on Friday, August 28th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $98.56.

Get Our Latest Analysis on Elastic

Elastic Stock Up 4.5%

Shares of NYSE:ESTC opened at $102.61 on Friday. The stock has a fifty day simple moving average of $90.57 and a two-hundred day simple moving average of $69.40. The stock has a market capitalization of $10.77 billion, a price-to-earnings ratio of 28.74, a PEG ratio of 8.60 and a beta of 1.03. Elastic N.V. has a 12-month low of $42.05 and a 12-month high of $108.00. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.44.

Elastic (NYSE:ESTC – Get Free Report) last issued its quarterly earnings results on Thursday, August 27th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.12. The firm had revenue of $478.11 million during the quarter, compared to the consensus estimate of $469.75 million. Elastic had a negative return on equity of 0.35% and a net margin of 20.84%. The company’s revenue was up 15.2% on a year-over-year basis. During the same period last 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. On average, research analysts anticipate that Elastic N.V. will post 0.65 earnings per share for the current fiscal year.

Insider Activity at Elastic

In other Elastic news, Director Steven Schuurman sold 2,000,000 shares of the firm’s stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $94.15, for a total transaction of $188,300,000.00. Following the completion of the sale, the director directly owned 2,504,600 shares in the company, valued at approximately $235,808,090. This trade represents a 44.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Shay Banon sold 84,207 shares of Elastic stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $84.64, for a total transaction of $7,127,280.48. Following the completion of the transaction, the chief technology officer directly owned 3,910,563 shares of the company’s stock, valued at $330,990,052.32. This trade represents a 2.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 4,585,641 shares of company stock worth $422,851,366 in the last ninety days. 12.70% of the stock is currently owned by company insiders.

Elastic Profile

(Free Report)

Elastic N.V. develops search-powered software and services for organizations worldwide. Its technology helps businesses search, analyze and act on structured and unstructured data across applications, websites, infrastructure and security environments. Elastic offers its products through cloud-based and self-managed deployment options.

The company’s core platform, the Elastic Search AI Platform, is built around Elasticsearch and Kibana. Its offerings include Elastic Cloud, a managed cloud service, as well as solutions for enterprise search, observability and security.

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