Elastic (ESTC)

• Market cap: $9.53B
• 1 day: 2.89%
• 5 days: 0.49%
• 1 month: 14.16%
• 3 months: 7.44%
• 6 months: -4.42%
• Year to date: -9.55%
• 1 year: 19.65%
• 5 years: -13.14%
• 10 years: 28.06%
• Sector: Technology
• Industry: Software - Application

About: Elastic is a software company that specializes in AI-search, observability, and security deployments. Its search division offers both traditional keyword search and vector search methods to enable more context-aware querying. The software has open-source origins but generates revenue through valuable add-ons, including simplified data orchestration and server scaling techniques.

Employees: 3,537

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

58% more repeat investments, than reductions

Existing positions increased: 186 | Existing positions reduced: 118

27% more first-time investments, than exits

New positions opened: 93 | Existing positions closed: 73

16% more call options, than puts

Call options by funds: $80.6M | Put options by funds: $69.4M

4% more funds holding

Funds holding: 425 [Q1] → 441 (+16) [Q2]

0.84% less ownership

Funds ownership: 83.71% [Q1] → 82.87% (-0.84%) [Q2]

5% less capital invested

Capital invested by funds: $7.78B [Q1] → $7.37B (-$408M) [Q2]

29% less funds holding in top 10

Funds holding in top 10: 14 [Q1] → 10 (-4) [Q2]

Research analyst outlook

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

• Low target: $105
• Avg. target: $123
• High target: $134

13 analyst ratings

• positive: 12 92%
• neutral: 1 8%
• negative: 0 0%

Jefferies Brent Thill	$125	Buy Maintained	29 Aug 2025
DA Davidson Gil Luria	$105	Neutral Assumed	29 Aug 2025
Canaccord Genuity Kingsley Crane	$120	Buy Maintained	29 Aug 2025
RBC Capital Matthew Hedberg	$125	Outperform Maintained	29 Aug 2025
Guggenheim Howard Ma	$122	Buy Maintained	29 Aug 2025