Key Points
- Elastic CRO Mark Eugene Dodds sold 5,800 shares on Dec. 5 at an average price of $74.60 for $432,680, trimming his stake by 3.47% to 161,484 shares (he also sold 5,037 shares on Sept. 9 at $90.12).
- Company results and sentiment: Elastic beat the quarter with $0.64 EPS and revenue up 15.9% to $423.5M, but still posts negative net margin and ROE; analysts have a consensus "Moderate Buy" rating with a $107.25 price target amid mixed recent downgrades.
Elastic N.V. (NYSE:ESTC - Get Free Report) CRO Mark Eugene Dodds sold 5,800 shares of the stock in a transaction on Friday, December 5th. The stock was sold at an average price of $74.60, for a total value of $432,680.00. Following the transaction, the executive owned 161,484 shares in the company, valued at $12,046,706.40. The trade was a 3.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Mark Eugene Dodds also recently made the following trade(s):
- On Tuesday, September 9th, Mark Eugene Dodds sold 5,037 shares of Elastic stock. The shares were sold at an average price of $90.12, for a total transaction of $453,934.44.
Elastic Trading Up 1.3%
ESTC stock opened at $75.61 on Tuesday. Elastic N.V. has a 52 week low of $68.10 and a 52 week high of $118.84. The company has a market capitalization of $7.97 billion, a PE ratio of -73.40 and a beta of 0.97. The company's 50-day simple moving average is $83.09 and its 200 day simple moving average is $83.98. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.97 and a current ratio of 1.97.
Elastic (NYSE:ESTC - Get Free Report) last posted its quarterly earnings data on Thursday, November 20th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.06. Elastic had a negative net margin of 6.79% and a negative return on equity of 2.02%. The firm had revenue of $423.48 million during the quarter, compared to the consensus estimate of $418.27 million. During the same quarter in the previous year, the firm posted $0.59 EPS. The business's revenue for the quarter was up 15.9% compared to the same quarter last year. Elastic has set its Q3 2026 guidance at 0.630-0.65 EPS. As a group, sell-side analysts anticipate that Elastic N.V. will post -0.77 earnings per share for the current year.
Elastic announced that its Board of Directors has initiated a stock repurchase plan on Thursday, October 9th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's management believes its stock is undervalued.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on the company. Monness Crespi & Hardt lowered Elastic from a "buy" rating to a "neutral" rating in a research note on Friday, November 21st. Rosenblatt Securities restated a "buy" rating and issued a $130.00 price target on shares of Elastic in a research report on Wednesday, November 19th. Wedbush cut their price objective on shares of Elastic from $110.00 to $90.00 and set an "outperform" rating for the company in a research report on Friday, November 21st. Cantor Fitzgerald decreased their target price on shares of Elastic from $94.00 to $85.00 and set a "neutral" rating on the stock in a report on Friday, November 21st. Finally, Zacks Research cut shares of Elastic from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 26th. Seventeen research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Elastic presently has a consensus rating of "Moderate Buy" and a consensus price target of $107.25.
Get Our Latest Research Report on Elastic
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of ESTC. Geneos Wealth Management Inc. acquired a new stake in Elastic in the second quarter valued at approximately $31,000. Huntington National Bank boosted its holdings in shares of Elastic by 97.5% during the 2nd quarter. Huntington National Bank now owns 468 shares of the company's stock valued at $39,000 after acquiring an additional 231 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Elastic by 53.7% during the 1st quarter. Smartleaf Asset Management LLC now owns 435 shares of the company's stock worth $40,000 after acquiring an additional 152 shares during the last quarter. Plato Investment Management Ltd acquired a new position in Elastic in the 2nd quarter worth about $40,000. Finally, Promus Capital LLC acquired a new position in Elastic in the 2nd quarter worth about $45,000. Institutional investors and hedge funds own 97.03% of the company's stock.
Elastic Company Profile
(
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
