Elastic N.V. Class Action Lawsuit - ESTC

The filed complaint alleges that Elastic N.V. made materially false and/or misleading statements and/or failed to disclose that: (i) Elastic had implemented significant changes to its sales operations, particularly with respect to its customer segments in the Americas; (ii) the foregoing changes were likely to, and did, disrupt Elastic’s sales operations during the first quarter of its FY 2025; (iii) accordingly, defendants had overstated the stability of Elastic’s sales operations; (iv) as a result of all the foregoing, Elastic was unlikely to meet its own previously issued revenue guidance for its FY 2025; and (v) as a result, defendants’ public statements were materially false and misleading at all relevant times.

In order to be eligible to join the ESTC class action lawsuit, you must have incurred a loss on shares of Elastic purchased during the class period listed above.

If you suffered a loss in Elastic during the relevant time frame or pursuant to the relevant offering(s), you have until April 14, 2025 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.