SCHEDULE 13G/A: Baillie Gifford & Co Discloses 7.5% Stake in Elastic N.V.

Investment adviser Baillie Gifford & Co has disclosed a 7.5% beneficial ownership stake in Elastic N.V., holding 7,843,557 ordinary shares as of March 31, 2025.

Summary

• Baillie Gifford & Co, a UK-based investment adviser, reported beneficial ownership of 7,843,557 ordinary shares of Elastic N.V.
• This stake represents 7.5% of Elastic N.V.'s outstanding ordinary shares.
• The filing date for this amendment was April 30, 2025, with the event date being March 31, 2025.
• Baillie Gifford & Co holds sole voting power over 6,723,978 shares and sole dispositive power over all 7,843,557 shares.
• The securities are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
• Securities representing more than 5% of the class are held on behalf of Vanguard International Growth Fund, a US registered investment company sub-advised by Baillie Gifford Overseas Limited.

Sentiment

Score: 7

Explanation: The filing indicates a significant institutional investment by a reputable firm, suggesting confidence in the issuer's prospects, without any negative disclosures or indications of control-seeking.

Positives

• A major investment adviser, Baillie Gifford & Co, holds a significant 7.5% stake in Elastic N.V., indicating institutional confidence in the company's prospects.
• The shares are held in the ordinary course of business and not for the purpose of changing or influencing control, suggesting a long-term investment perspective from a reputable firm.

Risks

• The filing itself does not detail specific risks related to Elastic N.V.'s operations or financial health, as it is a disclosure of ownership.

Future Outlook

NA

Industry Context

Baillie Gifford & Co is a prominent global investment management firm known for its long-term, growth-oriented investment philosophy, often focusing on innovative technology companies. Their significant stake in Elastic N.V., a company specializing in search, observability, and security solutions, aligns with this strategy, suggesting a belief in the long-term potential of the data analytics and enterprise software sectors.

Stakeholder Impact

• Shareholders: May view the significant institutional holding by Baillie Gifford & Co as a positive signal of confidence in the company's long-term value and stability.
• Management: Could interpret this as validation of their strategic direction and potentially a stable, long-term shareholder base.

Key Dates

Recommendation

Keywords

Elastic N.V., Baillie Gifford & Co, Schedule 13G, beneficial ownership, ordinary shares, investment adviser, institutional investor, SEC filing