Top 5 Stock Picks of Daniel Patrick Gibson’s Sylebra Capital Management

1. Elastic N.V. (NYSE:ESTC)

Sylebra Capital Management’s Stake Value: $675.8 million
Percentage of Sylebra Capital Management’s 13F Portfolio: 15.21%
No. of Hedge Fund Holders: 59

Elastic N.V. (NYSE:ESTC) is a search company and it created the Elastic Stack. This is a powerful set of software products, ingesting and storing data from any source and in any format. It performs a search, analysis, and visualization in milliseconds or less. The company, with a market cap of $11.4 billion, is first on our list of top 10 stock picks of Daniel Patrick Gibson’s Sylebra Capital Management as of the end of the third quarter.

According to the 13F filings for the third quarter of 2021, Elastic N.V. (NYSE:ESTC) represents 15.21% of the total investment portfolio. At the end of the third quarter of 2021, 59 hedge funds tracked by Insider Monkey held positions in Elastic N.V. (NYSE:ESTC). These stakes were valued at $2.98 billion.

Greenhaven Road Capital, an investment management firm, released its third-quarter 2021 investor letter and mentioned Elastic N.V. (NYSE:ESTC). Here is what the fund has to say:

“Elastic Software (ESTC) – Share prices are up more than threefold since our first purchases of Elastic Software. The company continues to report best-in-class net revenue retention (amount generated from existing customers) of 130%. With recent acquisitions, they are continuing their expansion into security. This is the company with the highest product velocity and largest addressable markets in our portfolio. With a massive base of customers using freemium/opensource products, there are fertile hunting grounds for growth.”

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