Elastic N.V.
Case Overview
Status: | Status: Investigating |
Company Name: | Company Name: Elastic N.V. |
Ticker: | Ticker: ESTC |
Related Attorneys: | Lead Attorneys: Thomas W. Elrod |
Related Practices: | Related Practices: Securities |
The law firm of Kirby McInerney LLP is investigating potential claims against Elastic N.V. (“Elastic” or the “Company”) (NASDAQ: ESTC). The investigation concerns whether Elastic and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.
On August 29, 2024, Elastic announced its financial results for its first quarter ended July 31, 2024, and revised annual revenue guidance, stating: “we had a slower start to the year with the volume of customer commitments impacted by segmentation changes that we made at the beginning of the year, which are taking longer than expected to settle.” On this news, the price of Elastic shares declined by $27.45 per share, or approximately 26.49%, from $103.64 per share on August 29, 2024 to close at $76.19 on August 30, 2024.
On August 29, 2024, Elastic announced its financial results for its first quarter ended July 31, 2024, and revised annual revenue guidance, stating: “we had a slower start to the year with the volume of customer commitments impacted by segmentation changes that we made at the beginning of the year, which are taking longer than expected to settle.” On this news, the price of Elastic shares declined by $27.45 per share, or approximately 26.49%, from $103.64 per share on August 29, 2024 to close at $76.19 on August 30, 2024.