Key Points
- CAO Jane Bone sold 1,187 shares of Elastic on January 9 at an average price of $80.31 for about $95,328, reducing her stake by 2.68% to 43,171 shares valued at roughly $3.47M.
- Elastic beat estimates with quarterly EPS of $0.64 and revenue of $423.5M (up 15.9% YoY) but still reports a negative net margin (-6.79%) and negative ROE (-2.02%), while the stock trades in the high-$70s/low-$80s and carries a consensus analyst target of $105.71.
Elastic N.V. (NYSE:ESTC - Get Free Report) CAO Jane Bone sold 1,187 shares of Elastic stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $80.31, for a total value of $95,327.97. Following the transaction, the chief accounting officer owned 43,171 shares in the company, valued at approximately $3,467,063.01. This represents a 2.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Elastic Stock Down 2.5%
Shares of Elastic stock opened at $76.65 on Tuesday. The company has a market capitalization of $8.08 billion, a P/E ratio of -74.42, a price-to-earnings-growth ratio of 311.82 and a beta of 0.92. 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 has a 50-day moving average of $78.62 and a two-hundred day moving average of $82.45. 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 released its quarterly earnings results on Thursday, November 20th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $423.48 million during the quarter, compared to analysts' expectations of $418.27 million. During the same quarter in the prior year, the company earned $0.59 earnings per share. The business's quarterly revenue 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, equities analysts predict that Elastic N.V. will post -0.77 EPS for the current year.
Elastic declared that its board has initiated 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 reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its shares are undervalued.
Institutional Trading of Elastic
A number of institutional investors have recently bought and sold shares of ESTC. Geneos Wealth Management Inc. acquired a new position in shares of Elastic in the 2nd quarter valued at approximately $31,000. Huntington National Bank increased its stake in Elastic by 97.5% in the second quarter. Huntington National Bank now owns 468 shares of the company's stock valued at $39,000 after acquiring an additional 231 shares during the last quarter. Plato Investment Management Ltd acquired a new position in Elastic during the second quarter valued at approximately $40,000. Promus Capital LLC bought a new stake in Elastic during the second quarter worth $45,000. Finally, True Wealth Design LLC boosted its holdings in shares of Elastic by 391.2% in the 3rd quarter. True Wealth Design LLC now owns 673 shares of the company's stock valued at $57,000 after purchasing an additional 536 shares in the last quarter. Institutional investors own 97.03% of the company's stock.
Wall Street Analysts Forecast Growth
ESTC has been the subject of a number of research reports. Monness Crespi & Hardt downgraded Elastic from a "buy" rating to a "neutral" rating in a report on Friday, November 21st. Royal Bank Of Canada lowered their price objective on shares of Elastic from $115.00 to $95.00 and set an "outperform" rating on the stock in a report on Monday, January 5th. Cantor Fitzgerald reduced their target price on shares of Elastic from $94.00 to $85.00 and set a "neutral" rating for the company in a report on Friday, November 21st. Citigroup lowered their price target 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. Finally, Barclays reduced their price objective on shares of Elastic from $107.00 to $100.00 and set an "overweight" rating for the company in a research note on Monday. Seventeen research 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, Elastic presently has an average rating of "Moderate Buy" and a consensus target price of $105.71.
Read Our Latest Stock Report on Elastic
Elastic Company Profile
(
Get Free Report)
Elastic N.V. operates as a search and analytics company, offering a suite of open source and subscription-based solutions for search, observability and security use cases. Its flagship product, Elasticsearch, enables fast and scalable full-text search and analytics across large volumes of structured and unstructured data. Complementary tools such as Kibana provide visualization capabilities, while Beats and Logstash serve as lightweight data shippers and data processing pipelines, respectively.
The company was founded in 2012 by Shay Banon, who serves as chief technology officer, and Steven Schuurman.
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