Key Points
- CAO Jane Bone sold 2,408 shares of Elastic on Dec. 9 at an average price of $75.05 for ~$180,720, leaving her with 44,358 shares (a 5.15% reduction); the sale was disclosed in an SEC Form 4.
- Elastic beat estimates for its most recent quarter with EPS of $0.64 (vs. $0.58 expected) and revenue of $423.48M, but the company remains unprofitable (net margin -6.79%) and set Q3 2026 guidance of $0.630–0.65 EPS.
- The stock has a market cap of ~$8.33B and a 1‑year range of $68.10–$118.84, carries a consensus "Moderate Buy" with a $107.25 target, and is ~97.03% owned by hedge funds and other institutions.
Elastic N.V. (NYSE:ESTC - Get Free Report) CAO Jane Bone sold 2,408 shares of Elastic stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $75.05, for a total value of $180,720.40. Following the completion of the transaction, the chief accounting officer owned 44,358 shares in the company, valued at approximately $3,329,067.90. This represents a 5.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Elastic Price Performance
ESTC opened at $79.05 on Thursday. 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 stock's 50 day simple moving average is $82.74 and its 200 day simple moving average is $83.82. The firm has a market cap of $8.33 billion, a price-to-earnings ratio of -76.59 and a beta of 0.97. Elastic N.V. has a 1 year low of $68.10 and a 1 year high of $118.84.
Elastic (NYSE:ESTC - Get Free Report) last issued its earnings results on Thursday, November 20th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.06. The firm had revenue of $423.48 million for the quarter, compared to analysts' expectations of $418.27 million. Elastic had a negative net margin of 6.79% and a negative return on equity of 2.02%. The business's revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the business earned $0.59 earnings per share. Elastic has set its Q3 2026 guidance at 0.630-0.65 EPS. As a group, analysts predict that Elastic N.V. will post -0.77 earnings per share for the current year.
Elastic announced that its board has authorized a share buyback program on Thursday, October 9th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its stock is undervalued.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on the company. UBS Group reduced their price target on Elastic from $125.00 to $110.00 and set a "buy" rating on the stock in a report on Friday, November 21st. Oppenheimer reiterated an "outperform" rating on shares of Elastic in a research report on Friday, August 29th. Monness Crespi & Hardt cut Elastic from a "buy" rating to a "neutral" rating in a research note on Friday, November 21st. Wall Street Zen raised Elastic from a "hold" rating to a "buy" rating in a research note on Saturday, October 11th. Finally, Morgan Stanley cut their price target on shares of Elastic from $120.00 to $110.00 and set an "overweight" rating on the stock in a report on Friday, November 21st. Seventeen analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Elastic currently has a consensus rating of "Moderate Buy" and a consensus target price of $107.25.
Read Our Latest Research Report on ESTC
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of ESTC. Allworth Financial LP boosted its stake in Elastic by 127.6% during the third quarter. Allworth Financial LP now owns 1,561 shares of the company's stock worth $132,000 after acquiring an additional 875 shares in the last quarter. Swiss Life Asset Management Ltd purchased a new position in shares of Elastic during the third quarter valued at approximately $348,000. Strategic Advocates LLC bought a new stake in shares of Elastic in the 3rd quarter worth approximately $134,000. CIBC Bancorp USA Inc. purchased a new stake in shares of Elastic in the 3rd quarter worth approximately $3,218,000. Finally, Achmea Investment Management B.V. increased its position in Elastic by 3.1% during the 3rd quarter. Achmea Investment Management B.V. now owns 170,200 shares of the company's stock valued at $14,380,000 after buying an additional 5,146 shares in the last quarter. 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.
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