ESTC Stockholders Offered Chance to Lead Elastic N.V. Class Action Lawsuit

ESTC Stockholders Have Opportunity to Lead Elastic N.V. Class Action Lawsuit

Investors who purchased shares of Elastic N.V. (“Elastic” or the “Company”) (NYSE: ESTC) have the opportunity to participate as a lead plaintiff in a class action lawsuit that has been filed against the Company. The pending lawsuit alleges that Elastic and certain of its officers made false and misleading statements during the class period, which led to artificial inflation of the Company’s stock price.

Bronstein, Gewirtz and Grossman, LLC, a national securities litigation firm, is representing investors in this class action lawsuit. The firm encourages ESTC stockholders who suffered losses exceeding $100,000 in Elastic stock to contact them to discuss their legal rights.

The lawsuit against Elastic arises from allegations that the Company made false and misleading statements regarding its business operations and financial performance. These alleged misrepresentations caused Elastic’s stock price to trade at artificially inflated levels during the class period. However, on February 25, 2021, Elastic announced disappointing financial results for the third quarter of fiscal 2021, citing “sales execution challenges” as a primary reason for the poor performance.

Following this news, Elastic’s stock price fell more than 22% on heavy trading volume. Investors suffered significant losses as a result of this sudden drop in stock price.

If you are an ESTC investor who lost money in connection with your investment in Elastic N.V. stock, you may be eligible to serve as the lead plaintiff in the class action lawsuit. Being a lead plaintiff involves taking an active role in the legal process and representing the interests of other investors who suffered similar losses.

Bronstein, Gewirtz and Grossman, LLC are experienced in handling complex securities litigation and have a successful track record of recovering losses for investors. If you wish to discuss your legal rights, potential eligibility as a lead plaintiff, and the legal options available to you, contact the firm today.

The deadline to seek appointment as the lead plaintiff in the class action lawsuit against Elastic N.V. is May 3, 2021. Investors who meet the eligibility requirements and wish to take action to protect their rights should not delay in contacting Bronstein, Gewirtz and Grossman, LLC to discuss their options.

Take the first step towards seeking justice and recovering your losses. Contact Bronstein, Gewirtz and Grossman, LLC today to learn more about the class action lawsuit against Elastic N.V. and to explore your legal options.