Published on 18 Dec 2023 on Insider Monkey via Yahoo Finance
Elastic N.V. (ESTC) Jumped 27% in Q3
TimesSquare Capital Management, an equity investment management company, released its “U.S. Mid Cap Growth Strategy” third-quarter investor letter. A copy of the same can be downloaded here. In the third quarter, the strategy outperformed the Russell Midcap Growth Index and returned -4.11% (net) while the index return was -5.22%. The third quarter saw a decline in global equities markets, although they have held up positive year-to-date. In addition, please check the fund’s top five holdings to know its best picks in 2023.
TimesSquare Capital U.S. Mid Cap Growth Strategy highlighted stocks like Elastic N.V. (NYSE:ESTC) in the third quarter 2023 investor letter. Based in Amsterdam, the Netherlands, Elastic N.V. (NYSE:ESTC) is a data analytics company. On December 15, 2023, Elastic N.V. (NYSE:ESTC) stock closed at $112.73 per share. One-month return of Elastic N.V. (NYSE:ESTC) was 46.29%, and its shares gained 114.23% of their value over the last 52 weeks. Elastic N.V. (NYSE:ESTC) has a market capitalization of $11.231 billion.
TimesSquare Capital U.S. Mid Cap Growth Strategy made the following comment about Elastic N.V. (NYSE:ESTC) in its Q3 2023 investor letter: