Baillie Gifford Amends Elastic N.V. Stake on Dec 29, 2023
Ticker: ESTC · Form: SC 13G/A · Filed: Feb 1, 2024 · CIK: 1707753
| Field | Detail |
|---|---|
| Company | Elastic N.V. (ESTC) |
| Form Type | SC 13G/A |
| Filed Date | Feb 1, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investor
TL;DR
**Baillie Gifford updated their Elastic N.V. stake, signaling continued institutional interest.**
AI Summary
Baillie Gifford & Co, a major investment management firm, filed an amended SC 13G/A on February 1, 2024, indicating a change in their ownership of Elastic N.V. Ordinary Shares as of December 29, 2023. This filing, an amendment to a previous disclosure, signals that Baillie Gifford & Co continues to hold a significant, though potentially adjusted, stake in Elastic N.V. For investors, this matters because large institutional holdings can influence stock stability and signal confidence (or lack thereof) in the company's future prospects.
Why It Matters
This filing shows that a major institutional investor, Baillie Gifford & Co, is still actively managing its position in Elastic N.V., which can impact market perception and trading volume.
Risk Assessment
Risk Level: low — This is a routine amendment by a large institutional investor, not indicating any immediate high-risk event for the company.
Analyst Insight
Investors should note that a major institutional investor is still involved with Elastic N.V., but without specific share count changes, it's hard to gauge the exact sentiment. Further analysis of Baillie Gifford's other holdings or Elastic N.V.'s performance might provide more clarity.
Key Players & Entities
- Baillie Gifford & Co (company) — the investment management firm filing the SC 13G/A
- Elastic N.V. (company) — the subject company whose Ordinary Shares are being reported
- December 29, 2023 (date) — the date of the event requiring the filing
- February 1, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- Baillie Gifford & Co will maintain a significant, albeit potentially adjusted, stake in Elastic N.V. for the foreseeable future. (Baillie Gifford & Co) — medium confidence, target: Q4 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, indicating a change in beneficial ownership of a company's securities by a passive investor.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is Baillie Gifford & Co, an investment management firm based in Edinburgh, X0 (Scotland).
What company's securities are the subject of this filing?
The subject company whose securities are being reported is Elastic N.V., with CIK 0001707753.
What is the specific class of securities mentioned in the filing?
The specific class of securities mentioned is "Ordinary Shares" of Elastic N.V., with CUSIP Number N14506104.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 29, 2023.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 1, 2024 regarding Elastic N.V. (ESTC).