<div id="readability-page-1"><p>Daventry Group LP grew its holdings in shares of  Elastic N.V. (NYSE:ESTC - Free Report) by 34.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 728,120 shares of the company's stock after purchasing an additional 186,479 shares during the quarter. Elastic makes up   20.4% of Daventry Group LP's investment portfolio, making the stock its largest holding. Daventry Group LP owned 0.69% of Elastic worth $61,402,000 as of its most recent SEC filing.</p><ul><li>Buyback Boom: 3 Companies Betting Big on Themselves</li></ul><p>Other hedge funds and other institutional investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its holdings in  Elastic by 53.7% during the first quarter. Smartleaf Asset Management LLC now owns 435 shares of the company's stock worth $40,000 after buying an additional 152 shares during the last quarter.  Northwestern Mutual Wealth Management Co. increased its stake in shares of  Elastic by 17.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,159 shares of the company's stock worth $98,000 after purchasing an additional 171 shares during the last quarter.  Janney Montgomery Scott LLC raised its holdings in shares of  Elastic by 5.1% in the 2nd quarter. Janney Montgomery Scott LLC now owns 3,997 shares of the company's stock worth $337,000 after purchasing an additional 194 shares during the period.  Bangor Savings Bank lifted its stake in  Elastic by 1.2% in the second quarter. Bangor Savings Bank now owns 16,739 shares of the company's stock valued at $1,412,000 after purchasing an additional 205 shares during the last quarter.  Finally, California State Teachers Retirement System grew its holdings in  Elastic by 0.3% during the second quarter. California State Teachers Retirement System now owns 83,403 shares of the company's stock valued at $7,033,000 after purchasing an additional 219 shares during the period. 97.03% of the stock is owned by hedge funds and other institutional investors. </p><h2>Analyst Ratings Changes</h2><p>ESTC has been the topic of several research reports. Piper Sandler lowered their target price on Elastic from $125.00 to $110.00 and set an &#34;overweight&#34; rating on the stock in a research note on Friday, November 21st. Cantor Fitzgerald lowered their price objective on Elastic from $94.00 to $85.00 and set a &#34;neutral&#34; rating on the stock in a research note on Friday, November 21st. Wall Street Zen upgraded shares of Elastic from a &#34;hold&#34; rating to a &#34;buy&#34; rating in a research report on Saturday, October 11th. Guggenheim lowered their price target on shares of Elastic from $122.00 to $116.00 and set a &#34;buy&#34; rating on the stock in a research report on Friday, November 21st. Finally, Wells Fargo &amp; Company dropped their price target on shares of Elastic from $90.00 to $75.00 and set an &#34;equal weight&#34; rating on the stock in a research note on Friday, November 21st. Seventeen analysts have rated the stock with a Buy rating, eleven have assigned  a Hold rating and one  has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of &#34;Moderate Buy&#34; and a consensus target price of $107.25.</p><ul><li>MarketBeat Week in Review – 03/03 - 03/07</li></ul><p><b>View Our Latest Report on ESTC</b></p><h2>Insider Buying and Selling</h2><p>In other news, CTO Shay Banon sold 4,552 shares of Elastic stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $75.05, for a total transaction of $341,627.60. Following the completion of the sale, the chief technology officer owned 4,359,228 shares in the company, valued at approximately $327,160,061.40. This trade represents a 0.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Carolyn Herzog sold 5,353 shares of the company's stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $75.05, for a total transaction of $401,742.65. Following the completion of the transaction, the insider owned 89,324 shares in the company, valued at approximately $6,703,766.20. This trade represents a 5.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 58,147 shares of company stock valued at $4,387,940 in the last ninety days. 12.70% of the stock is owned by insiders. </p><h2>Elastic Trading Down 3.9%</h2><ul><li>Elastic: The Under-the-Radar Tech Stock You Need to See</li></ul><p>Shares of Elastic stock opened at $76.21 on Monday. The company's 50-day moving average price is $82.38 and its 200-day moving average price is $83.55. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.64. Elastic N.V. has a 12-month low of $68.10 and a 12-month high of $118.84. The company has a market cap of $8.03 billion, a price-to-earnings ratio of -73.99 and a beta of 0.97. </p><p>Elastic (NYSE:ESTC - Get Free Report) last posted its earnings results on Thursday, November 20th. The company reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.06. Elastic had a negative net margin of 6.79% and a negative return on equity of 2.02%. The business had revenue of $423.48 million for the quarter, compared to analyst estimates of $418.27 million. During the same quarter in the prior year, the firm posted $0.59 EPS. Elastic's revenue was up 15.9% on a year-over-year basis. Elastic has set its Q3 2026 guidance at 0.630-0.65 EPS.  On average, equities analysts expect that  Elastic N.V. will post -0.77 earnings per share for the current fiscal year. </p><p>Elastic declared that its board has approved a share buyback program on Thursday, October 9th that authorizes the company to repurchase $0.00 in    shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company's board of directors believes its shares are undervalued. </p><h2>Elastic Profile</h2> (Free Report)<p>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.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Elastic</li><li>What is an Earnings Surprise?  </li><li>Dave &amp; Buster’s Reversal Is in PLAY After Double-Bottom Breakout</li><li>Asset Allocation Strategies in Volatile Markets</li><li>3 Finance Stocks to Buy on Rising 10-Year Treasury Rates</li><li>The Risks of Owning Bonds</li><li>Disney's $1 Billion Deal Brings Its Magic to OpenAI</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUVTVEM?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUVTVEM"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Elastic Right Now?</h2><p>Before you consider Elastic, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Elastic wasn't on the list.</p><p>While Elastic currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

ESTC

<p>Daventry Group LP increased its stake in Elastic N.V. by 34.4% in Q2, owning 0.69% of the company worth $61.4 million. Analysts have mixed ratings on Elastic, with a consensus target price of $107.25. Insiders sold shares recently, with CTO Shay Banon and insider Carolyn Herzog reducing their holdings. Elastic's stock opened at $76.21, down 3.9%.</p>

Daventry Group LP Has $61.40 Million Stake in Elastic N.V. $ESTC