Kirby McInerney LLP announces investigation into shareholder claims against Elastic NV (ESTC)

On August 29, 2024, Elastic announced its financial results for the first quarter ended July 31, 2024, and revised its revenue guidance for the year, stating, “We had a slower start to the year as customer commitment volumes were impacted by segmentation changes we made earlier in the year that are taking longer than expected to resolve.” On this news, Elastic’s stock price fell $27.45 per share, or approximately 26.49%, from $103.64 per share on August 29, 2024, to $76.19 on August 30, 2024.

If you purchased or otherwise acquired Elastic securities, have information, or would like to learn more about this investigation, please contact Thomas W. Elrod of Kirby McInerney LLP by email at [email protected] or by completing this CONTACT FORM to discuss your rights or interests with respect to these matters free of charge.

Kirby McInerney LLP is a New York-based plaintiffs’ law firm focused on securities, antitrust, whistleblower and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in billions of dollars in awards.

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The Elastic bearer and registered shares at the time of publication of the news with an increase of +0.90 % up to 66.94EUR on the Tradegate stock exchange (September 4, 2024, 5:14 p.m.).

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