ATLANTA, GA – – (Globe Newswire – February 12, 2025) – – A shareholder class action lawsuit has been filed against Elastic N.V. (“Elastic” or the “Company”) (NYSE: ESTC). The lawsuit alleges that Defendants made false and/or misleading statements and/or failed to disclose adverse facts regarding Elastic’s business, operations, and prospects, including allegations 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; and (iv) as a result of all the foregoing, Elastic was unlikely to meet its own previously issued revenue guidance for its FY 2025.

If you bought shares of Elastic between May 31, 2024 and August 29, 2024, and you suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey D. Holzer, Esq. at cholzer@holzerlaw.com, by toll-free telephone at (888) 508-6832 or you may visit the firm’s website at www.holzerlaw.com/case/elastic/ to learn more.

The deadline to ask the court to be appointed lead plaintiff in the case is April 14, 2025.