SCHEDULE 13G/A: BlackRock Discloses 4.9% Passive Stake in Elastic N.V. via Amended SEC Filing
Beneficial Ownership Report
BlackRock, Inc. has filed an amended Schedule 13G, revealing a 4.9% beneficial ownership stake in Elastic N.V. as of March 31, 2025.
Summary
- BlackRock, Inc. has filed an Amendment No. 1 to Schedule 13G regarding its beneficial ownership in Elastic N.V.
- As of March 31, 2025, BlackRock, Inc. beneficially owns an aggregate of 5,136,352 shares of Elastic N.V. Common Stock.
- This ownership represents 4.9% of the class of securities outstanding.
- BlackRock holds sole voting power over 4,932,977 shares and sole dispositive power over 5,136,352 shares.
- No shared voting or dispositive power is reported.
- The filing indicates that the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Elastic N.V.
- BlackRock, Inc. is classified as a parent holding company and an investment adviser.
- Various BlackRock subsidiaries, including BlackRock (Netherlands) B.V. and BlackRock Advisors (UK) Limited, are identified as entities through which the securities are held, though no single subsidiary beneficially owns 5% or greater of the outstanding shares.
Sentiment
Score: 5
Explanation: Neutral, as this is a factual disclosure of passive ownership and not a performance report or strategic announcement by the issuer.
Positives
- NA
Negatives
- NA
Risks
- NA
Future Outlook
NA
Management Comments
- "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11."
Industry Context
This filing reflects a passive investment by a major institutional asset manager, BlackRock, in a technology company, Elastic N.V. It is a routine disclosure of a significant, but non-controlling, stake by a large fund manager, common across various industries where institutional investors hold diversified portfolios.
Comparison to Industry Standards
- NA
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
Legal Proceedings
- NA
Related Party Transactions
- NA
Stakeholder Impact
- For shareholders, this filing confirms a significant, passive institutional investment by BlackRock, which can be viewed as a vote of confidence in Elastic N.V. by a major asset manager.
- For employees, customers, suppliers, and creditors, this filing has no direct operational impact as it pertains solely to a passive ownership stake.
Next Steps
- NA
Key Dates
| Date | Description |
|---|---|
| 01/21/2025 | Date of execution of the Power of Attorney by BlackRock, Inc. |
| 03/31/2025 | Date of event which requires filing of this statement (reporting period end date). |
| 04/24/2025 | Date of signing of the Schedule 13G filing. |
Keywords
BlackRock, Elastic N.V., Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, SEC Filing, Investment Management, Passive Investment
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