Tiger Global Management 13F: Exits Elastic (ESTC) Stake

Tiger Global Exits Entire Elastic Stake

Tiger Global Management closed out its investment in Elastic N.V. (NYSE: ESTC), parting ways with its entire holding of 1,690,700 shares according to a Form 13F filing with the SEC for the period ended May 15, 2026. The exit reduced the firm's position by 100%, leaving it with zero shares in the search artificial intelligence software company. Because 13F filings look backward at past quarters, this filing reflects holdings as of that date and may not represent the firm's current position.

Elastic Stock Trades Below Moving Averages

Elastic shares recently changed hands at $57.02. The stock sits below its 50-day moving average of $77.35 and near the lower end of its 52-week range, which spans from a low of $42.05 to a high of $108.00. The company carries a P/E ratio of 25.63 and a forward P/E of 22.68.

Analysts Set New Price Targets

Wall Street firms continue to update their views on Elastic following recent operational updates. On October 9, 2026, Wedbush reiterated its Outperform rating with a $125.00 price target. On the same day, Stifel maintained a Buy rating and raised its price target to $120.00 from $107.00. Earlier in the fall, Cantor Fitzgerald reiterated a Neutral rating with a $100.00 target on September 23, 2026. Scotiabank maintained a Sector Perform rating and bumped its target to $84.00 on August 28, 2026. Wells Fargo maintained an Equal-Weight rating with a $100.00 target on August 28, 2026. UBS maintained a Buy rating and raised its target to $105.00 on the same day. TD Cowen maintained a Hold rating with a $95.00 target on August 28, 2026, while Citigroup maintained a Buy rating and lifted its target to $128.00. Overall, the stock holds a consensus buy rating and a mean target price of $110.69 based on 26 analyst opinions.

Inside Elastic N.V.'s Software Platform

Headquartered in Amsterdam, Elastic N.V. provides search AI software platforms that let users run workloads across public, private, and hybrid cloud setups. Its offerings include the Elasticsearch vector database, Kibana visualization tools, and specialized security and observability suites designed to handle petabytes of structured and unstructured data. Rosenblatt previously covered the company in June 2026 with a buy rating and an $83 price target.

What to Watch at Elastic N.V.

Investors will look toward Elastic's upcoming earnings report scheduled for November 19, 2026, to gauge revenue growth and profitability trends. Institutional ownership shifts will become clearer when subsequent 13F filings are published by the SEC in future quarters.