Key Points
- CEO Ashutosh Kulkarni sold 5,000 shares of Elastic on Dec. 15 at an average price of $74.60 for $373,000, trimming his stake to 426,901 shares (a 1.16% reduction); he also sold 20,413 shares on Dec. 9 for about $1.53 million.
- Recent results and analyst view: Elastic beat estimates with $0.64 EPS and $423.5M revenue (up 15.9% YoY) but still reports negative net margin and ROE, while analysts assign a "Moderate Buy" consensus with an average price target of $107.25.
Elastic N.V. (NYSE:ESTC - Get Free Report) CEO Ashutosh Kulkarni sold 5,000 shares of the business's stock in a transaction on Monday, December 15th. The stock was sold at an average price of $74.60, for a total value of $373,000.00. Following the transaction, the chief executive officer directly owned 426,901 shares of the company's stock, valued at $31,846,814.60. The trade was a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Ashutosh Kulkarni also recently made the following trade(s):
- On Tuesday, December 9th, Ashutosh Kulkarni sold 20,413 shares of Elastic stock. The shares were sold at an average price of $75.05, for a total value of $1,531,995.65.
Elastic Stock Up 2.0%
ESTC stock opened at $75.17 on Wednesday. The company's 50 day moving average price is $82.07 and its 200 day moving average price is $83.38. The firm has a market capitalization of $7.92 billion, a price-to-earnings ratio of -72.98 and a beta of 0.97. Elastic N.V. has a fifty-two week low of $68.10 and a fifty-two week high of $118.84. 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 announced its quarterly earnings data on Thursday, November 20th. The company reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.06. The company had revenue of $423.48 million for the quarter, compared to the consensus estimate 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 period in the prior year, the firm posted $0.59 EPS. Elastic has set its Q3 2026 guidance at 0.630-0.65 EPS. On average, equities research analysts anticipate that Elastic N.V. will post -0.77 EPS for the current fiscal year.
Elastic announced that its Board of Directors has initiated a share buyback program on Thursday, October 9th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.
Institutional Investors Weigh In On Elastic
A number of large investors have recently added to or reduced their stakes in ESTC. AXQ Capital LP acquired a new position in shares of Elastic during the 2nd quarter worth approximately $419,000. Geode Capital Management LLC grew its holdings in shares of Elastic by 3.6% during the second quarter. Geode Capital Management LLC now owns 1,569,578 shares of the company's stock worth $132,384,000 after buying an additional 54,812 shares in the last quarter. Mackenzie Financial Corp raised its position in shares of Elastic by 622.2% in the second quarter. Mackenzie Financial Corp now owns 77,005 shares of the company's stock valued at $6,494,000 after buying an additional 66,342 shares during the last quarter. Panagora Asset Management Inc. lifted its stake in shares of Elastic by 102.3% during the second quarter. Panagora Asset Management Inc. now owns 464,268 shares of the company's stock valued at $39,152,000 after buying an additional 234,735 shares during the period. Finally, Y Intercept Hong Kong Ltd grew its stake in Elastic by 147.0% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 57,690 shares of the company's stock worth $4,865,000 after acquiring an additional 34,336 shares during the period. 97.03% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several brokerages have recently weighed in on ESTC. UBS Group cut their target price on Elastic from $125.00 to $110.00 and set a "buy" rating on the stock in a research report on Friday, November 21st. JPMorgan Chase & Co. dropped their target price on shares of Elastic from $120.00 to $113.00 and set an "overweight" rating on the stock in a research report on Friday, November 21st. Cantor Fitzgerald dropped their price objective on Elastic from $94.00 to $85.00 and set a "neutral" rating on the stock in a report on Friday, November 21st. Jefferies Financial Group reduced their target price on Elastic from $125.00 to $105.00 and set a "buy" rating for the company in a report on Friday, November 21st. Finally, Scotiabank lowered their price target 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. Seventeen analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $107.25.
View Our Latest Report on ESTC
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].
