Elastic (ESTC)

• Market cap: $9.88B
• 1 day: 3.17%
• 5 days: 2.57%
• 1 month: -16.40%
• 3 months: -9.59%
• 6 months: 24.78%
• Year to date: -4.56%
• 1 year: -8.23%
• 5 years: 108.46%
• 10 years: 35.11%
• Sector: Information Technology
• Industry: Prepackaged Software

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 filings by fund managers ($100M+ AUM)

120% more first-time investments, than exits

New positions opened: 108 | Existing positions closed: 49

42% more repeat investments, than reductions

Existing positions increased: 156 | Existing positions reduced: 110

39% more call options, than puts

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

25% more capital invested

Capital invested by funds: $6.68B [Q3] → $8.35B (+$1.67B) [Q4]

14% more funds holding

Funds holding: 364 [Q3] → 415 (+51) [Q4]

3.32% less ownership

Funds ownership: 84.62% [Q3] → 81.3% (-3.32%) [Q4]

13% less funds holding in top 10

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

Research analyst outlook

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

• Low target: $108 14% upside
• Avg. target: $138 46% upside
• High target: $150 59% upside

11 analyst ratings

• positive: 10 91%
• neutral: 1 9%
• negative: 0 0%

Truist Securities Joel Fishbein 43% 1-year accuracy 31 / 72 met price target	53% upside $145	Buy Maintained	3 Mar 2025
Scotiabank Patrick Colville 46% 1-year accuracy 18 / 39 met price target	48% upside $140	Sector Outperform Maintained	28 Feb 2025
UBS Austin Dietz 50% 1-year accuracy 3 / 6 met price target	56% upside $148	Buy Maintained	28 Feb 2025
Morgan Stanley Sanjit Singh 38% 1-year accuracy 6 / 16 met price target	48% upside $140	Overweight Maintained	28 Feb 2025
Wells Fargo Andrew Nowinski 31% 1-year accuracy 11 / 35 met price target	59% upside $150	Overweight Maintained	28 Feb 2025