Elastic (ESTC)

• Market cap: $8.13B
• 1 day: -1.17%
• 5 days: -1.49%
• 1 month: -18.29%
• 3 months: -22.43%
• 6 months: -5.39%
• Year to date: -21.42%
• 1 year: -17.69%
• 5 years: 26.89%
• 10 years: 11.24%
• Sector: Technology
• Industry: Software - Application

About: Elastic is a software company based in Mountain View, California, focusing on search-adjacent products. Its search engine allows it to process both structured and unstructured data while gleaning insights from that data. The firm's primary focus is on enterprise search, observability, and security.

Employees: 3,372

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

122% more first-time investments, than exits

New positions opened: 109 | Existing positions closed: 49

41% more repeat investments, than reductions

Existing positions increased: 156 | Existing positions reduced: 111

39% more call options, than puts

Call options by funds: $188M | Put options by funds: $135M

31% more capital invested

Capital invested by funds: $6.38B [Q3] → $8.35B (+$1.97B) [Q4]

15% more funds holding

Funds holding: 364 [Q3] → 417 (+53) [Q4]

0.49% more ownership

Funds ownership: 80.8% [Q3] → 81.29% (+0.49%) [Q4]

13% less funds holding in top 10

Funds holding in top 10: 16 [Q3] → 14 (-2) [Q4]

Research analyst outlook

12 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $75 4% downside
• Avg. target: $131 68% upside
• High target: $150 93% upside

12 analyst ratings

• positive: 11 92%
• neutral: 1 8%
• negative: 0 0%

Morgan Stanley Sanjit Singh 38% 1-year accuracy 8 / 21 met price target	54% upside $120	Overweight Maintained	16 Apr 2025
DA Davidson Gil Luria 25% 1-year accuracy 13 / 52 met price target	4% downside $75	Neutral Maintained	14 Apr 2025
Jefferies Brent Thill 34% 1-year accuracy 26 / 77 met price target	41% upside $110	Buy Maintained	7 Apr 2025
Truist Securities Joel Fishbein 36% 1-year accuracy 28 / 77 met price target	80% upside $140	Buy Maintained	31 Mar 2025
Scotiabank Patrick Colville 50% 1-year accuracy 21 / 42 met price target	76% upside $137	Sector Outperform Maintained	27 Mar 2025