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LOS ANGELES, CA / ACCESSWIRE / September 11, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, publicizes that it's investigating claims on behalf of investors of Elastic N.V. ("Elastic" or "the Company") (NYSE:ESTC) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or did not disclose information pertinent to investors. Elastic announced its first quarter financial results on August 29, 2024. The Company also revised its annual revenue guidance, stating: "we had a slower begin to the yr with the amount of customer commitments impacted by segmentation changes that we made at first of the yr, that are taking longer than expected to settle." Based on this news, shares of Elastic fell by 26.49%.
When you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to debate your rights freed from charge. You may as well reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com
The Schall Law Firm represents investors world wide and focuses on securities class motion lawsuits and shareholder rights litigation.
This press release could also be considered Attorney Promoting in some jurisdictions under the applicable law and rules of ethics.
CONTACT: The Schall Law Firm Brian Schall, Esq.www.schallfirm.com Office: 310-301-3335info@schallfirm.com
SOURCE: The Schall Law Firm
View the original press release on accesswire.comNEW YORK, NY / ACCESSWIRE / September 11, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Elastic N.V. ("Elastic" or "the Company") (NYSE:ESTC). Investors who purchased Elastic securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/ESTC.
Investigation Details
On August 29, 2024, Elastic announced its first-quarter financial results. Elastic also revised its 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." Following this news, Elastic stock dropped.
What's Next?
If you are aware of any facts relating to this investigation or purchased Elastic securities, you can assist this investigation by visiting the firm's site: bgandg.com/ESTC. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
There is No Cost to You
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
Attorney advertising. Prior results do not guarantee similar outcomes.
Contact
Bronstein, Gewirtz & Grossman, LLC Peretz Bronstein or Nathan Miller 332-239-2660 | info@bgandg.com
SOURCE: Bronstein, Gewirtz & Grossman, LLC
View the original press release on accesswire.comReporter Name | Relationship | Type | Amount | SEC Filing |
---|---|---|---|---|
Exner Ken | Chief Product Officer | Sell | $354,622 | Form 4 |
Herzog Carolyn | Chief Legal Officer | Sell | $315,352 | Form 4 |
Dodds Mark Eugene | Chief Revenue Officer | Sell | $257,185 | Form 4 |
Several executives at Elastic N.V. have recently sold shares to cover tax obligations related to the vesting of restricted stock units. On September 9, 2024, Ken Exner, the Chief Product Officer, sold 5,048 Ordinary Shares at a price of $70.25 per share, totaling $354,622. Following this transaction, Exner directly owns 171,984 Ordinary Shares of the company.
Carolyn Herzog, the Chief Legal Officer, sold 4,489 ordinary shares on the same day at the same price, with a total sale amount of $315,352. Herzog now directly owns 102,959 ordinary shares of Elastic N.V.
Mark Eugene Dodds, the Chief Revenue Officer, also participated in similar transactions, selling 3,661 ordinary shares at $70.25 per share, totaling $257,185. After this sale, Dodds directly owns 102,683 ordinary shares of the company.
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