Key Points
- Elastic CTO Shay Banon sold 111,127 shares at an average price of $92.60, generating approximately $10.29 million. He retained 1.74 million shares valued at about $161.5 million after the transaction.
- Elastic reported quarterly adjusted earnings of $0.70 per share, beating estimates of $0.58, while revenue of $478.11 million rose 15.2% year over year and exceeded expectations.
- The stock opened at $89.43 after a 3.2% decline; analysts maintain a consensus “Moderate Buy” rating with a $94.12 target price, though recent insider selling and valuation concerns could weigh on sentiment.
Elastic N.V. (NYSE:ESTC - Get Free Report) CAO Jane Bone sold 4,176 shares of the company's stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $93.48, for a total transaction of $390,372.48. Following the completion of the sale, the chief accounting officer directly owned 49,239 shares in the company, valued at approximately $4,602,861.72. This represents a 7.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Elastic Price Performance
Shares of NYSE ESTC opened at $89.43 on Thursday. Elastic N.V. has a twelve month low of $42.05 and a twelve month high of $108.00. The firm has a fifty day simple moving average of $70.31 and a 200 day simple moving average of $59.69. The company has a market capitalization of $9.39 billion, a PE ratio of 25.05, a P/E/G ratio of 8.95 and a beta of 1.03. The company has a quick ratio of 1.68, a current ratio of 1.81 and a debt-to-equity ratio of 0.44.
Elastic (NYSE:ESTC - Get Free Report) last released its earnings results on Thursday, August 27th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.12. The business had revenue of $478.11 million for the quarter, compared to analyst estimates of $469.75 million. Elastic had a net margin of 20.84% and a negative return on equity of 0.35%. Elastic's revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.60 earnings per share. Elastic has set its FY 2027 guidance at 3.290-3.370 EPS and its Q2 2027 guidance at 0.800-0.820 EPS. On average, sell-side analysts forecast that Elastic N.V. will post 0.56 EPS for the current year.
Analyst Ratings Changes
Several equities research analysts recently commented on ESTC shares. DA Davidson raised their target price on Elastic from $60.00 to $80.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 26th. Bank of America boosted their price target on Elastic from $90.00 to $108.00 and gave the company a "neutral" rating in a research note on Friday, August 28th. Piper Sandler restated a "hold" rating on shares of Elastic in a report on Friday, August 28th. Wall Street Zen cut Elastic from a "buy" rating to a "hold" rating in a report on Saturday, June 13th. Finally, UBS Group raised their price objective on shares of Elastic from $85.00 to $105.00 and gave the stock a "buy" rating in a research report on Friday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $94.12.
Check Out Our Latest Report on ESTC
Trending Headlines about Elastic
Here are the key news stories impacting Elastic this week:
- Positive Sentiment: Elastic’s earnings outlook is benefiting from upward estimate revisions, which could support the stock if analysts continue to raise forecasts. Can Elastic Run Higher on Rising Earnings Estimates?
- Positive Sentiment: RBC Capital initiated or reiterated a Buy rating, adding favorable sell-side support. Elastic Receives a Buy from RBC Capital
- Neutral Sentiment: Elastic delivered an earnings beat, highlighted growing enterprise adoption of its AI-powered search and cloud platform, and raised or maintained guidance pointing to continued fiscal 2027 growth. Still, DA Davidson remained Neutral, arguing that one strong quarter is not sufficient confirmation of the longer-term growth trajectory. Elastic Beat and Raised Guidance
- Negative Sentiment: CTO Shay Banon sold 476,298 shares across August 31 through September 2 for approximately $44.5 million, reducing his holdings by roughly 22% across the reported transactions. Additional sales by Chief Accounting Officer Jane Bone and insider Carolyn Herzog totaled about $1.3 million. The concentration of selling by senior insiders may reinforce profit-taking concerns, although the executives retain sizable positions. Elastic Insider Sale Filings
- Negative Sentiment: A separate analysis downgraded Elastic, reflecting concern that expectations and valuation may have moved ahead of fundamentals after the earnings-driven rally. Elastic Adjusting My Position After This Sprint
Hedge Funds Weigh In On Elastic
Institutional investors and hedge funds have recently made changes to their positions in the stock. Bessemer Group Inc. acquired a new stake in shares of Elastic in the 1st quarter valued at about $25,000. Basecamp Wealth Advisors LLC acquired a new position in Elastic during the 1st quarter worth approximately $28,000. Geneos Wealth Management Inc. acquired a new position in Elastic during the 2nd quarter worth approximately $31,000. Harbor Investment Advisory LLC bought a new position in Elastic in the second quarter worth approximately $42,000. Finally, Aster Capital Management DIFC Ltd boosted its holdings in Elastic by 206.1% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 551 shares of the company's stock worth $42,000 after acquiring an additional 371 shares in the last quarter. Institutional investors own 97.03% of the company's stock.
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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