Key Points
- CAO Jane Bone sold 887 shares at an average price of $52.28 for about $46,372, reducing her stake by 2.05% to 42,284 shares (valued at roughly $2.21M).
- Several senior insiders have recently sold stock, notably CEO Ashutosh Kulkarni (17,756 shares, ~4.16% reduction) and CTO Shay Banon (4,283 shares), indicating broad insider selling activity.
- Elastic beat Q4 estimates with $0.73 EPS (vs. $0.64 expected) and revenue of $449.9M (+17.7% YoY), but remains unprofitable (net margin -5.04%); analysts have a consensus "Moderate Buy" rating with a $95.25 target.
Elastic N.V. (NYSE:ESTC - Get Free Report) CAO Jane Bone sold 887 shares of the firm's stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $52.28, for a total transaction of $46,372.36. Following the completion of the transaction, the chief accounting officer owned 42,284 shares in the company, valued at approximately $2,210,607.52. The trade was a 2.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Elastic Stock Performance
Shares of ESTC opened at $51.77 on Wednesday. The firm has a fifty day moving average of $65.01 and a 200-day moving average of $76.63. Elastic N.V. has a 1 year low of $49.90 and a 1 year high of $103.79. The company has a market cap of $5.36 billion, a price-to-earnings ratio of -64.71, a price-to-earnings-growth ratio of 68.42 and a beta of 0.98. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.82 and a current ratio of 1.82.
Elastic (NYSE:ESTC - Get Free Report) last announced its earnings results on Thursday, February 26th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.64 by $0.09. The firm had revenue of $449.88 million during the quarter, compared to analyst estimates of $438.37 million. Elastic had a negative net margin of 5.04% and a negative return on equity of 2.34%. Elastic's revenue was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.63 EPS. Elastic has set its FY 2026 guidance at 2.500-2.540 EPS and its Q4 2026 guidance at 0.550-0.570 EPS. As a group, equities analysts anticipate that Elastic N.V. will post -0.77 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Orion Porfolio Solutions LLC increased its holdings in Elastic by 1.4% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 8,593 shares of the company's stock valued at $726,000 after purchasing an additional 118 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Elastic by 17.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,159 shares of the company's stock valued at $98,000 after buying an additional 171 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in Elastic by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 28,323 shares of the company's stock worth $2,393,000 after buying an additional 175 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in Elastic by 6.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 3,020 shares of the company's stock worth $260,000 after acquiring an additional 194 shares during the last quarter. Finally, California State Teachers Retirement System increased its position in Elastic by 0.3% in the 2nd quarter. California State Teachers Retirement System now owns 83,403 shares of the company's stock valued at $7,033,000 after acquiring an additional 219 shares in the last quarter. 97.03% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research analysts have commented on the company. Canaccord Genuity Group lowered their target price on Elastic from $115.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, February 27th. Truist Financial lowered their price target on Elastic from $105.00 to $80.00 and set a "buy" rating on the stock in a research report on Friday, February 27th. Piper Sandler cut their target price on shares of Elastic from $110.00 to $85.00 and set an "overweight" rating for the company in a research note on Friday, February 27th. UBS Group reduced their price objective on Elastic from $125.00 to $110.00 and set a "buy" rating for the company in a research report on Friday, November 21st. Finally, Guggenheim reissued a "buy" rating and issued a $116.00 target price on shares of Elastic in a research note on Wednesday, February 18th. Seventeen investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $95.25.
Get Our Latest Stock Report on ESTC
Key Headlines Impacting Elastic
Here are the key news stories impacting Elastic this week:
- Negative Sentiment: CEO Ashutosh Kulkarni sold 17,756 shares (~4.16% reduction in his position) for roughly $928,284; he still holds 409,145 shares. SEC Form 4 - Kulkarni
- Negative Sentiment: CTO Shay Banon sold 4,283 shares (0.10% reduction) for about $223,915; retains ~4.35M shares. SEC Form 4 - Banon
- Negative Sentiment: CRO Mark Eugene Dodds sold 3,723 shares (2.38% reduction) for about $194,638; holds 152,563 shares post-sale. SEC Form 4 - Dodds
- Negative Sentiment: Insider Ken Exner sold 4,310 shares (1.90% reduction) for about $225,327; retains 222,728 shares. SEC Form 4 - Exner
- Negative Sentiment: Carolyn Herzog sold 3,989 shares (4.47% reduction) for about $208,545; holds 85,335 shares after the sale. SEC Form 4 - Herzog
- Negative Sentiment: CFO Navam Welihinda sold 3,240 shares (2.62% reduction) for about $169,387; retains 120,634 shares. SEC Form 4 - Welihinda
- Negative Sentiment: CAO Jane E. Bone sold 887 shares (2.05% reduction) for about $46,372; holds 42,284 shares after the sale. SEC Form 4 - Bone
About Elastic
(
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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