openPR Logo
Press release

Lawsuit filed for Investors who lost money with shares of Elastic N.V. (NYSE: ESTC)

03-06-2025 02:19 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A lawsuit was filed on behalf of investors in Elastic N.V. (NYSE: ESTC) shares over alleged securities laws violations.

A lawsuit was filed on behalf of investors in Elastic N.V. (NYSE: ESTC) shares over alleged securities laws violations.

An investor, who purchased shares of Elastic N.V. (NYSE: ESTC), filed a lawsuit in the U.S. over alleged violations of Federal Securities Laws by Elastic N.V. in connection with certain allegedly false and misleading statements.

Investors who purchased shares of Elastic N.V. (NYSE: ESTC) have certain options and for certain investors are short and strict deadlines running. Deadline: April 14, 2025. NYSE: ESTC investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Amsterdam, Netherlands based Elastic N.V., a search artificial intelligence (AI) company, delivers hosted and managed solutions designed to run in hybrid, public or private clouds, and multi-cloud environments in the United States and internationally. Elastic N.V. reported that its Total Revenue rose from over $1.06 billion for the 12 months period that ended on April 30, 2023, to over $1.26 billion for the 12 months period that ended on April 30, 2023, and that its Net Loss of $236.16 million for the 12 months period that ended on April 30, 2023, turned into a Net Income of $61.72 million for the 12 months period that ended on April 30, 2024.

On August 29, 2024, Elastic N.V. released its first quarter fiscal 2025 financial results and revised its annual revenue guidance to be between $1.436 billion and $1.444 billion, compared to a previous range of $1.468 billion and $1.48 billion and consensus estimates of $1.48 billion. The Company explained that the revision is due to "a slower start to the year with the volume of customer commitments impacted by segmentation changes that [the Company] made at the beginning of the year, which are taking longer than expected to settle."

Shares of Elastic N.V. (NYSE: ESTC) declined from $136.06 per share on February 29, 2024, to as low as $69.00 per share on September 09, 2024.

The plaintiff claims that between May 31, 2024 and August 29, 2024, the Defendants made false and/or misleading statements and/or failed to disclose that Elastic had implemented significant changes to its sales operations, particularly with respect to its customer segments in the Americas, that the foregoing changes were likely to, and did, disrupt Elastic's sales operations during the first quarter of its FY 2025, that accordingly, Defendants had overstated the stability of Elastic's sales operations, that as a result of all the foregoing, Elastic was unlikely to meet its own previously issued revenue guidance for its FY 2025, and that as a result, Defendants' public statements were materially false and misleading at all relevant times.

Those who purchased shares of Elastic N.V. (NYSE: ESTC) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Lawsuit filed for Investors who lost money with shares of Elastic N.V. (NYSE: ESTC) here

News-ID: 3900026 • Views:

More Releases from Shareholders Foundation

Rocket Lab USA, Inc. (NASDAQ: RKLB) Shareholder Notice: Deadline in Lawsuit on April 28, 2025
Rocket Lab USA, Inc. (NASDAQ: RKLB) Shareholder Notice: Deadline in Lawsuit on A …
A deadline is coming up on April 28, 2025 in the lawsuit filed for certain investors of Rocket Lab USA, Inc. (NASDAQ: RKLB) over alleged securities laws violations by Rocket Lab USA, Inc. Investors who purchased shares of Rocket Lab USA, Inc. (NASDAQ: RKLB) have certain options and there are strict and short deadlines running. Deadline: April 28, 2025. Rocket Lab USA, Inc. (NASDAQ: RKLB) stockholders should contact the Shareholders Foundation
XPLR Infrastructure, LP (NYSE: XIFR) Investor Alert: Deadline in Lawsuit on May 9, 2025
XPLR Infrastructure, LP (NYSE: XIFR) Investor Alert: Deadline in Lawsuit on May …
A deadline is coming up on May 9, 2025 in the lawsuit filed for certain investors of XPLR Infrastructure, LP (NYSE: XIFR) over alleged securities laws violations by XPLR Infrastructure, LP. Investors who purchased shares of XPLR Infrastructure, LP (NYSE: XIFR) have certain options and there are strict and short deadlines running. Deadline: May 9, 2025. XPLR Infrastructure, LP (NYSE: XIFR) stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call
Maravai LifeSciences Holdings, Inc. (NASDAQ: MRVI) Shareholder Notice: Deadline in Lawsuit on May 5, 2025
Maravai LifeSciences Holdings, Inc. (NASDAQ: MRVI) Shareholder Notice: Deadline …
The Shareholders Foundation announced that a deadline is coming up on May 5, 2025 in the lawsuit filed for certain investors of Maravai LifeSciences Holdings, Inc. (NASDAQ: MRVI). Investors who purchased shares of Maravai LifeSciences Holdings, Inc. (NASDAQ: MRVI) have certain options and there are strict and short deadlines running. Deadline: May 5, 2025. NASDAQ: MRVI stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. According to
Investors who hold shares of ESSA Pharma Inc. (NASDAQ: EPIX) Long Term should contact the Shareholders Foundation in connection with Investigation
Investors who hold shares of ESSA Pharma Inc. (NASDAQ: EPIX) Long Term should co …
An investigation was announced for long-term investors in shares of ESSA Pharma Inc. (NASDAQ: EPIX) concerning potential breaches of fiduciary duties by certain directors of ESSA Pharma Inc. Investors who are current long term investors in ESSA Pharma Inc. (NASDAQ: EPIX) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The investigation by a law firm for current long term investors in

All 5 Releases


More Releases for Elastic

Elastic Cloud Server Market Size, Status and Forecast 2022-2028| Huawei, Elastic …
Los Angeles, United States: The research study on the global Elastic Cloud Server market equips you with detailed and accurate analysis that will help you to strengthen your market position. It provides latest updates and powerful insights about the Elastic Cloud Server industry so you could improve your business tactics and ensure strong sales growth in the coming years. It throws light on the current and future market scenarios and
Elastic GPU Market 2021 | Detailed Report
According to Market Study Report, Elastic GPU Market provides a comprehensive analysis of the Elastic GPU Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, and emerging opportunities of global industry. An exclusive data offered in this report is collected by research and industry experts team. Download FREE Sample Report @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=4459963 The report provides a comprehensive analysis of company profiles listed below: - Amazon - Alibaba - CMC Cloud - Run:AI - Vultr -
Global Elastic Cloud Server Market Cost Analysis, Strategy and Growth Factor Rep …
The report expresses that the "Global Elastic Cloud Server Market" is nice to travel on the flourishing stage with incredible market development openings. This report additionally centers on giving knowledge into the local grouping of the worldwide Elastic Cloud Server Market. The central participants from everywhere the planet are joining this requesting business to take care of effective business and absorb substantial income. The market size of the worldwide Elastic
Global Elastic Bandage Market Insights, Forecast
The global Elastic Bandage market is valued at million US$ in 2018 and will reach million US$ by the end of 2025, growing at a CAGR of during 2019-2025. The objectives of this study are to define, segment, and project the size of the Elastic Bandage market based on company, product type, end user and key regions. This report studies the global market size of Elastic Bandage in key regions
Global Elastic Adhesive Industry Professional Report 2019
Global Elastic Adhesive Market report is designed in a method that helps readers to acquire a complete knowledge about the overall market scenario for the projected period. This Market report consists of the brief profile of key players in the industry and their upcoming market plans and current developments during the forecasted period 2019 to 2025. The report of global Elastic Adhesive market includes the competitive landscape section which provides the full and in-depth
Elastic Rope Global Market Research Report 2025
Elastic Rope Report by Material, Application, and Geography � Global Forecast to 2022 is a professional and in-depth research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, united Kingdom, Japan, South Korea and China). Access more details about this report at: https://www.research2reports.com/report-chemical/elastic-rope-market/81052 The report firstly introduced the Elastic Rope basics: definitions, classifications, applications and market