NEW YORK, Feb. 18, 2025 /PRNewswire/ --

Levi & Korsinsky, LLP notifies investors in Elastic N.V. ("Elastic" or the "Company") (NYSE: ESTC) of a class action securities lawsuit.

CLASS DEFINITION:

The lawsuit seeks to recover losses on behalf of Elastic investors who were adversely affected by alleged securities fraud between May 31, 2024 and August 29, 2024. Follow the link below to get more information and be contacted by a member of our team:

Elastic N.V. Lawsuit Submission Form

CONTACT:

ESTC investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.

CASE DETAILS:

The filed complaint alleges that defendants made false statements and/or concealed 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.

WHAT'S NEXT?

If you suffered a loss in Elastic during the relevant time frame, 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.

NO COST TO YOU:

If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.

WHY LEVI & KORSINSKY:

Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

SOURCE Levi & Korsinsky, LLP