Key Points
- CFO Navam Welihinda sold 1,046 shares on Dec. 10 at an average price of $74.51 for $77,937; this is part of recent insider sales totaling 6,629 shares (~$508,911) and reduced his stake by 0.84% to 123,874 shares (≈$9.23M).
- Elastic recently beat quarterly estimates with $0.64 EPS (vs. $0.58) and $423.48M revenue (up 15.9% YoY), but remains unprofitable (net margin -6.79%) while analysts hold a consensus "Moderate Buy" with a $107.25 target price.
Elastic N.V. (NYSE:ESTC - Get Free Report) CFO Navam Welihinda sold 1,046 shares of the business's stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $74.51, for a total value of $77,937.46. Following the completion of the sale, the chief financial officer owned 123,874 shares in the company, valued at approximately $9,229,851.74. The trade was a 0.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Navam Welihinda also recently made the following trade(s):
- On Tuesday, December 9th, Navam Welihinda sold 4,327 shares of Elastic stock. The stock was sold at an average price of $75.05, for a total value of $324,741.35.
- On Monday, October 6th, Navam Welihinda sold 1,256 shares of Elastic stock. The shares were sold at an average price of $84.58, for a total value of $106,232.48.
Elastic Price Performance
NYSE ESTC opened at $79.57 on Friday. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.64. The company has a market cap of $8.38 billion, a PE ratio of -76.68 and a beta of 0.97. Elastic N.V. has a 52 week low of $68.10 and a 52 week high of $118.84. The firm's 50-day simple moving average is $82.57 and its two-hundred day simple moving average is $83.79.
Elastic (NYSE:ESTC - Get Free Report) last posted its quarterly earnings results on Thursday, November 20th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.06. The company had revenue of $423.48 million for the quarter, compared to analyst estimates of $418.27 million. Elastic had a negative net margin of 6.79% and a negative return on equity of 2.02%. The company's quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.59 earnings per share. Elastic has set its Q3 2026 guidance at 0.630-0.65 EPS. Research analysts predict that Elastic N.V. will post -0.77 earnings per share for the current year.
Elastic announced that its board has initiated a share repurchase plan on Thursday, October 9th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its stock is undervalued.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on the company. Piper Sandler lowered their price objective on Elastic from $125.00 to $110.00 and set an "overweight" rating on the stock in a research report on Friday, November 21st. Scotiabank lowered their target price on shares of Elastic from $90.00 to $76.00 and set a "sector perform" rating on the stock in a research note on Friday, November 21st. Wells Fargo & Company cut their price target on shares of Elastic from $90.00 to $75.00 and set an "equal weight" rating for the company in a research note on Friday, November 21st. Barclays decreased their price target on shares of Elastic from $125.00 to $107.00 and set an "overweight" rating on the stock in a report on Friday, November 21st. Finally, Royal Bank Of Canada dropped their price objective on shares of Elastic from $125.00 to $115.00 and set an "outperform" rating for the company in a report on Friday, November 21st. Seventeen research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Elastic currently has an average rating of "Moderate Buy" and a consensus target price of $107.25.
View Our Latest Stock Analysis on ESTC
Institutional Investors Weigh In On Elastic
Institutional investors have recently made changes to their positions in the business. Geneos Wealth Management Inc. purchased a new position in Elastic in the 2nd quarter worth $31,000. Huntington National Bank increased its holdings in shares of Elastic by 97.5% in the second quarter. Huntington National Bank now owns 468 shares of the company's stock worth $39,000 after buying an additional 231 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of Elastic by 53.7% in the 1st quarter. Smartleaf Asset Management LLC now owns 435 shares of the company's stock valued at $40,000 after acquiring an additional 152 shares during the last quarter. Plato Investment Management Ltd purchased a new stake in Elastic during the 2nd quarter valued at about $40,000. Finally, Promus Capital LLC bought a new position in Elastic during the 2nd quarter worth approximately $45,000. Hedge funds and other institutional investors own 97.03% of the company's stock.
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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