Important Information for Elastic N.V. (ESTC) Securities Holders: Rosen Law Firm Announces Lead Plaintiff Deadline
Rosen Law Firm, a global investor rights law firm, is reminding purchasers of the securities of Elastic N.V. (ESTC) between May 31, 2024, and August 29, 2024, both dates inclusive (the “Class Period”), of the important April 14, 2025 lead plaintiff deadline.
If you purchased Elastic securities during the Class Period, you may be entitled to compensation without filing a lawsuit. To get more information on the lawsuit, go to
Background on Elastic N.V.
Elastic N.V. is a technology company that provides a search engine and a suite of products for managing and analyzing data. Its flagship product is the Elastic Stack, which includes Elasticsearch, Logstash, and Kibana. The company’s products are used for various applications, such as log analysis, security, and application performance monitoring.
The Allegations
The complaint alleges that Elastic and certain of its officers and directors made false and misleading statements and failed to disclose material information during the Class Period. Specifically, the complaint alleges that Elastic failed to disclose that:
- Elastic’s customer base was shrinking;
- Elastic was experiencing declining sales growth;
- Elastic was facing increased competition;
- Elastic was experiencing significant customer churn;
- Elastic was experiencing declining subscription revenue growth;
- Elastic was experiencing declining free trial conversions;
- Elastic was experiencing declining average revenue per customer;
- Elastic was experiencing declining sales growth in its largest region;
- Elastic was experiencing declining sales growth in its largest product segment;
As a result of these allegations, Elastic’s stock price has declined significantly since the beginning of the Class Period.
Effect on Individual Investors
If you purchased Elastic securities during the Class Period, you may have lost significant value in your investment due to the alleged false and misleading statements made by Elastic and its officers and directors. The lead plaintiff deadline provides an opportunity for you to seek compensation for your losses.
Effect on the World
The allegations against Elastic could have broader implications for the technology industry as a whole. The decline in Elastic’s sales growth and customer base may be indicative of a larger trend towards decreased demand for certain technology products. Additionally, the allegations of customer churn and declining free trial conversions could signal a shift in consumer preferences towards alternative solutions.
Conclusion
If you purchased Elastic securities during the Class Period and believe that you may have lost value as a result of the alleged false and misleading statements made by Elastic and its officers and directors, you may be entitled to compensation. The lead plaintiff deadline provides an opportunity for you to seek justice and recover your losses. For more information, contact Phillip Kim, Esq. of Rosen Law Firm at 866-767-3653 or 212-681-2601.
Rosen Law Firm is committed to protecting investors’ rights and recovering financial loss for its clients. If you have lost a significant amount of value in your Elastic investment, please contact us to discuss your potential legal options.
Disclaimer: This press release is an advertisement and not a legal notice. Rosen Law Firm is not soliciting clients for a securities class action lawsuit. If you wish to discuss your potential legal claims, please contact Phillip Kim, Esq. of Rosen Law Firm at 866-767-3653 or 212-681-2601.
