Key Points
- Director Paul Auvil III bought 10,000 shares of Elastic at an average price of $71.02 on Dec. 1, increasing his stake by 35.77% to 37,956 shares valued at about $2.70 million, with the purchase disclosed in an SEC Form 4 filing.
- Recent quarterly results beat expectations: Elastic reported $0.64 EPS vs. $0.58 expected and revenue of $423.5M vs. $418.3M, with Q3 2026 EPS guidance of $0.63–$0.65 even as analysts forecast a -$0.77 EPS for the current year.
- Analyst and market stance: MarketBeat shows a consensus "Moderate Buy" (17 Buys, 11 Holds, 1 Sell) with a $107.25 target; the stock trades near $72.34 with a 1-year range of $68.10–$118.84 and a market cap of $7.62B.
Elastic N.V. (NYSE:ESTC - Get Free Report) Director Paul Auvil III purchased 10,000 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was acquired at an average cost of $71.02 per share, with a total value of $710,200.00. Following the acquisition, the director owned 37,956 shares in the company, valued at $2,695,635.12. The trade was a 35.77% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.
Elastic Trading Up 1.8%
Shares of NYSE ESTC opened at $72.34 on Wednesday. Elastic N.V. has a 1-year low of $68.10 and a 1-year high of $118.84. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.97 and a quick ratio of 1.97. The business's 50 day moving average is $83.99 and its two-hundred day moving average is $84.48. The stock has a market capitalization of $7.62 billion, a P/E ratio of -70.24 and a beta of 0.97.
Elastic (NYSE:ESTC - Get Free Report) last announced its earnings results on Thursday, November 20th. The company reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.06. The firm had revenue of $423.48 million during the quarter, compared to analysts' expectations of $418.27 million. Elastic had a negative return on equity of 2.02% and a negative net margin of 6.79%.The company's quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.59 EPS. Elastic has set its Q3 2026 guidance at 0.630-0.65 EPS. As a group, research analysts expect that Elastic N.V. will post -0.77 EPS for the current year.
Elastic declared that its board has approved a stock repurchase program on Thursday, October 9th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on ESTC. Citigroup reduced their target price on shares of Elastic from $130.00 to $115.00 and set a "buy" rating on the stock in a research note on Monday, November 24th. Piper Sandler reduced their price objective on shares of Elastic from $125.00 to $110.00 and set an "overweight" rating on the stock in a research report on Friday, November 21st. Jefferies Financial Group decreased their price objective on shares of Elastic from $125.00 to $105.00 and set a "buy" rating for the company in a research note on Friday, November 21st. Canaccord Genuity Group dropped their target price on Elastic from $120.00 to $115.00 and set a "buy" rating for the company in a research report on Friday, November 21st. Finally, Robert W. Baird increased their price target on Elastic from $120.00 to $130.00 and gave the stock an "outperform" rating in a report on Friday, October 10th. Seventeen research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Elastic has a consensus rating of "Moderate Buy" and a consensus target price of $107.25.
Check Out Our Latest Stock Analysis on Elastic
Hedge Funds Weigh In On Elastic
A number of institutional investors have recently modified their holdings of ESTC. Orion Porfolio Solutions LLC boosted its holdings in shares of Elastic by 1.4% in the third quarter. Orion Porfolio Solutions LLC now owns 8,593 shares of the company's stock valued at $726,000 after purchasing an additional 118 shares during the period. Y.D. More Investments Ltd lifted its holdings in shares of Elastic by 0.5% in the 1st quarter. Y.D. More Investments Ltd now owns 29,742 shares of the company's stock worth $2,756,000 after buying an additional 145 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of Elastic by 53.7% in the 1st quarter. Smartleaf Asset Management LLC now owns 435 shares of the company's stock worth $40,000 after buying an additional 152 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of Elastic by 17.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,159 shares of the company's stock worth $98,000 after buying an additional 171 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in shares of Elastic by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 28,323 shares of the company's stock valued at $2,393,000 after buying an additional 175 shares during the period. 97.03% of the stock is owned by hedge funds and other institutional investors.
About Elastic
(
Get Free Report)
Elastic N.V., a data analytics company, delivers solutions designed to run in public or private clouds in multi-cloud environments. It primarily offers Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as performs search, analysis, and visualization on that data.
Further Reading
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