On January 1, 2024, Baillie Gifford (Trades, Portfolio), a renowned investment management firm, made a significant addition to its investment portfolio by acquiring 2,400,870 shares of Elastic NV (NYSE:ESTC). This transaction increased the firm's total holdings in the company to 10,165,240 shares, marking a substantial vote of confidence in the software company's future prospects. The trade, which had a 0.21% impact on Baillie Gifford (Trades, Portfolio)'s portfolio, was executed at a price of $112.7 per share.