Elastic NV: Integration with Microsoft’s Semantic Kernel

Elastic NV, a technology company based in Mountain View, United States, has recently made headlines with its integration of hybrid retrieval technology with Microsoft’s Semantic Kernel. This development is a significant milestone for the company, which specializes in information technology and data analysis services, including monitoring solutions, security analysis, enterprise search, cloud computing, and open source application performance monitoring.

Company Overview

Elastic NV operates within the Information Technology sector, specifically in the Software industry. The company is publicly traded on the New York Stock Exchange, with its shares priced in USD. As of May 22, 2025, Elastic’s close price stood at $92.25. The company’s market capitalization is approximately $9.71 billion.

Financial Performance

Elastic’s stock has experienced notable volatility over the past year. The 52-week high was recorded at $123.96 on July 14, 2024, while the 52-week low was $69 on September 8, 2024. The current price reflects a 26% decline from its peak. The company’s price-to-earnings ratio is -71.68, and its price-to-book ratio is 11.3, indicating a complex valuation landscape.

Recent Developments

The integration of Elastic’s hybrid retrieval technology with Microsoft’s Semantic Kernel is a strategic move that underscores the company’s commitment to innovation and collaboration. This partnership is expected to enhance Elastic’s offerings and expand its capabilities in data analysis and information retrieval.

Elastic NV continues to serve a diverse customer base primarily in the United States, with its services accessible through its website at www.elastic.co . The company went public on the New York Stock Exchange on October 5, 2018, marking its entry into the public market.

This integration with Microsoft’s technology is poised to strengthen Elastic’s position in the competitive landscape of information technology and data analysis services.