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.
Datadog, Inc. Class A Common Stock
Dynatrace, Inc.
HUBSPOT, INC.
Zscaler, Inc. Common Stock
Cloudflare, Inc. Class A common stock, par value $0.001 per share
Salesforce, Inc.
Atlassian Corporation Class A Common Stock
Snowflake Inc.
UiPath, Inc.
SERVICENOW, INC.
The chart shows the growth of an initial investment of $10,000 in Elastic N.V., comparing it to the performance of the S&P 500 index.
All prices have been adjusted for splits and dividends.
Elastic N.V. (ESTC) has returned -32.83% so far this year and -29.06% over the past 12 months. Looking at the last ten years, ESTC has achieved an annualized return of -3.18%, underperforming the Benchmark (SPY), which averaged 12.23% per year.
The table below presents the monthly returns of Elastic N.V. (ESTC) with color gradation from worst to best to easily spot seasonal factors.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -12.61% | -21.09% | -2.29% | -0.14% | ||||||||
| 2025 | 10.60% | 7.26% | -22.78% | -3.76% | -8.31% | 4.28% | -0.19% | 3.52% | 0.82% | 7.34% | -21.62% | 8.70% |
| 2024 | 4.68% | 14.37% | -13.56% | 2.13% | 0.77% | 9.56% | -4.05% | -29.85% | 1.67% | 4.17% | 35.44% | -9.62% |
| 2023 | 11.57% | -0.37% | -1.45% | 0.37% | 28.66% | -10.48% | 3.50% | -6.20% | 11.72% | -7.67% | 7.29% | 14.72% |
| 2022 | -24.08% | -8.11% | 2.35% | -14.54% | -18.56% | 8.39% | 16.68% | 6.70% | -12.31% | -10.66% | -6.82% | -4.63% |
| 2021 | 3.38% | -12.43% | -18.48% | 5.10% | -2.50% | 22.93% | 1.63% | 7.76% | -6.46% | 15.66% | -11.17% | -21.71% |
| 2020 | 0.03% | 13.37% | -23.39% | 17.62% | 39.03% | 7.60% | 4.46% | 11.94% | -0.95% | -7.73% | 21.59% | 18.00% |
| 2019 | 22.21% | 6.65% | -13.41% | 5.59% | -4.77% | -8.97% | 30.55% | -10.32% | -1.58% | -13.14% | 9.91% | -18.94% |
| 2018 | -2.86% | 4.97% | -3.52% |
The charts below present risk-adjusted performance metrics for Elastic N.V. (ESTC) and compare them to a Benchmark (SPY). These indicators evaluate an investment's returns against its associated risks.
The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.
These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns.
The chart below shows the rolling Sharpe ratio of ESTC compared to the benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.
The current Elastic N.V. volatility is 2.63%, representing the standart deviation of percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
The Drawdowns chart displays portfolio losses from any high point along the way. It shows the maximum percentage drop from a peak to a trough over a specified period, indicating the risk of significant losses.
Although chart shows positive values, it represents the percentage drop from the peak, so a value of 10% means the portfolio has dropped 10% from its highest point.
The income statement provides a summary of a company's revenues, expenses, and profits over a specific period. It shows how much money the company earned (revenues) and how much it spent (expenses), leading to the net income or profit. This statement is crucial for understanding a company's financial performance and profitability.
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Liabilities And Equity (USD) | 2.59B | 2.24B | 1.74B | 1.64B | 973.17M | 803.91M | 485.74M |
| Equity Attributable To Parent (USD) | 927.23M | 738.19M | 398.90M | 415.43M | 450.83M | 413.65M | 263.01M |
| Equity Attributable To Noncontrolling Interest (USD) | - | - | - | - | - | - | - |
| Equity (USD) | 927.23M | 738.19M | 398.90M | 415.43M | 450.83M | 413.65M | 263.01M |
| Other Non-current Liabilities (USD) | 87.63M | 64.68M | 60.42M | 67.65M | - | - | - |
| Long-term Debt (USD) | 569.73M | 568.61M | 567.54M | 566.52M | - | - | - |
| Noncurrent Liabilities (USD) | 657.36M | 633.29M | 627.97M | 634.17M | 72.33M | 68.84M | 19.15M |
| Other Current Liabilities (USD) | 897.39M | 751.33M | 604.99M | 496.93M | 390.24M | 261.53M | 176.98M |
| Wages (USD) | 93.71M | 93.69M | 76.48M | 68.00M | 52.53M | 48.41M | 22.15M |
| Accounts Payable (USD) | 17.15M | 26.08M | 35.15M | 28.40M | 7.25M | 11.49M | 4.45M |
| Current Liabilities (USD) | 1.01B | 871.09M | 716.62M | 593.33M | 450.02M | 321.42M | 203.58M |
| Liabilities (USD) | 1.67B | 1.50B | 1.34B | 1.23B | 522.34M | 390.26M | 222.73M |
| Other Non-current Assets (USD) | 655.26M | 706.22M | 464.11M | 472.02M | 327.08M | 315.91M | 50.65M |
| Fixed Assets (USD) | 6.59M | 5.45M | 5.09M | 7.21M | 8.88M | 7.76M | 5.45M |
| Noncurrent Assets (USD) | 661.85M | 711.67M | 469.20M | 479.22M | 335.96M | 323.67M | 56.10M |
| Current Assets (USD) | 1.93B | 1.53B | 1.27B | 1.16B | 637.21M | 480.24M | 429.64M |
| Assets (USD) | 2.59B | 2.24B | 1.74B | 1.64B | 973.17M | 803.91M | 485.74M |
Kettle Hill Capital Management acquired 161,122 shares of RH (Restoration Hardware) valued at $28.87 million, making it the fund's third-largest position. Despite RH's stock being down 46.1% over the past year, the investment appears opportunistic given the company's 10% revenue growth and 64% net income increase in the first nine months of fiscal 2025, along with an improved forward P/E ratio of 20.
Elastic (ESTC) has seen its stock price fall 37% over the past year despite strong fundamentals and relevance to the AI space. The company recently launched upgraded Elastic Cloud Serverless with 50% higher indexing throughput and a new Agent Builder tool for creating AI agents. Q2 FY2026 earnings showed 16% YoY revenue growth to $423M and EPS of 64 cents, beating expectations. With a P/S ratio of 5.27 and analyst consensus price target of $105.71 (42% upside), the stock appears undervalued, though risks include competition and potential GenAI demand decline.
Gigamon announced its 2025 Catalyst Partner Program and Technology Alliance Partner awards, recognizing top-performing partners including World Wide Technology, GuidePoint Security, Prescient Solutions, Vizst, Elastic, NTT Data Brazil, Carahsoft, Exclusive Networks, and NextGen. The company achieved 50% market share in the first half of 2025 according to 650 Group, and announced new support for post-quantum cryptography to address emerging threats in encrypted traffic.
Data sovereignty regulations are fragmenting global AI and cloud markets as organizations must keep sensitive data within national borders. The government cloud market is projected to reach $190.66 billion by 2033, driving demand for secure infrastructure. Major cybersecurity and cloud companies are securing government contracts and expanding capabilities to meet compliance requirements across multiple regions.
Wall Street rebounded on Friday with markets gaining around 1%, as investors speculated about potential Federal Reserve interest rate policy changes. Notable stock movements included gains for Cava and WillScot, while Elastic and Veeva experienced declines following earnings reports.
Elastic reported strong Q2 earnings, beating analyst expectations, but stock dropped 16.2% due to concerns about low generative AI tool adoption and delayed government contracts.
U.S. stock futures showed mixed performance after Thursday's sell-off, with markets digesting a stronger-than-expected September jobs report and potential Federal Reserve interest rate decisions. Several companies reported earnings, with varied market reactions.
Percona's inaugural report highlights the evolving database management landscape, emphasizing the importance of open source solutions, cloud-native technologies, and AI integration, with PostgreSQL emerging as a critical database for enterprise AI/ML initiatives.
Three companies - Lockheed Martin, Elastic, and AutoZone - have recently announced significant share buyback programs, signaling confidence in their future cash generation and potential undervaluation.
U.S. stock futures rose on Friday after Thursday's market decline, with corporate earnings providing mixed results. Key focus was on potential trade discussions between U.S. and China, and market expectations of potential Federal Reserve interest rate cuts.