Key Points
- Elastic CFO Navam Welihinda sold 8,961 shares for approximately $786,597 at an average price of $87.78. The sale reduced his holdings by 4.28% and was made to cover tax obligations from vested equity awards.
- Elastic’s latest quarter exceeded expectations, with EPS of $0.70 versus the $0.58 consensus and revenue of $478.1 million, up 15.2% year over year. Management issued fiscal 2027 EPS guidance of $3.29 to $3.37.
- Analysts maintain a broadly positive outlook, giving Elastic a consensus “Moderate Buy” rating and an average price target of $94.12. Institutional investors own approximately 97% of the company’s shares.
Elastic N.V. (NYSE:ESTC - Get Free Report) CAO Jane Bone sold 1,542 shares of the firm's stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $87.78, for a total value of $135,356.76. Following the completion of the sale, the chief accounting officer directly owned 47,697 shares of the company's stock, valued at approximately $4,186,842.66. This trade represents a 3.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Elastic Stock Performance
NYSE:ESTC opened at $83.45 on Friday. The firm's fifty day simple moving average is $74.28 and its 200-day simple moving average is $60.91. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.44. The stock has a market cap of $8.76 billion, a PE ratio of 23.38, a price-to-earnings-growth ratio of 8.39 and a beta of 1.03. Elastic N.V. has a fifty-two week low of $42.05 and a fifty-two week high of $108.00.
Elastic (NYSE:ESTC - Get Free Report) last announced its quarterly earnings data on Thursday, August 27th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.58 by $0.12. Elastic had a net margin of 20.84% and a negative return on equity of 0.35%. The firm had revenue of $478.11 million during the quarter, compared to analysts' expectations of $469.75 million. During the same quarter last year, the business earned $0.60 earnings per share. The business's revenue for the quarter was up 15.2% compared to the same quarter last year. Elastic has set its FY 2027 guidance at 3.290-3.370 EPS and its Q2 2027 guidance at 0.800-0.820 EPS. Analysts expect that Elastic N.V. will post 0.56 earnings per share for the current fiscal year.
Key Stories Impacting Elastic
Here are the key news stories impacting Elastic this week:
- Positive Sentiment: Short interest fell 39% to 3.87 million shares as of August 31, equal to about 4.2% of outstanding shares and only 1.1 days of average trading volume. The decline suggests reduced bearish positioning and could provide technical support for Elastic stock.
- Positive Sentiment: Elastic’s latest quarterly results exceeded expectations, with earnings of $0.70 per share versus the $0.58 consensus and revenue of $478.1 million versus estimates of $469.8 million. Revenue increased 15.2% year over year, while management issued fiscal 2027 EPS guidance of $3.29 to $3.37.
- Positive Sentiment: Wall Street remains broadly constructive, with a consensus “Moderate Buy” rating and an average price target of $94.12. Oppenheimer recently raised its target to $118 and maintained an “outperform” rating, reflecting optimism about Elastic’s AI-search and enterprise software opportunities. Elastic’s 2026 Outlook: AI Search Integration Fuels Enterprise Customer Retention
- Neutral Sentiment: Institutional ownership remains high at approximately 97%. Several funds increased their positions during the second quarter, including California State Teachers’ Retirement System and Squarepoint Ops, indicating continued institutional interest, although these holdings may reflect earlier investment decisions.
- Negative Sentiment: Multiple executives sold shares after Elastic’s recent rally. CEO Ashutosh Kulkarni, CFO Navam Welihinda, CRO Mark Dodds, CAO Jane Bone and insider Carolyn Herzog collectively sold 54,888 shares for about $4.8 million on September 9. The transactions were made to cover tax withholding tied to vested equity awards, which makes them less bearish than discretionary sales but can still weigh on sentiment.
- Negative Sentiment: CTO Shay Banon has conducted a much larger series of sales, including 80,583 shares for approximately $7.5 million on September 4 and additional sales totaling hundreds of thousands of shares in late August and early September. Although he retained more than 4.1 million shares, the repeated selling may raise concerns about insider conviction following the stock’s strong advance. Elastic CTO Shay Banon Sells 80,583 Shares of Stock
Wall Street Analysts Forecast Growth
ESTC has been the subject of several research analyst reports. Needham & Company LLC reaffirmed a "hold" rating on shares of Elastic in a research note on Friday, August 28th. Robert W. Baird boosted their target price on Elastic from $95.00 to $120.00 and gave the stock an "outperform" rating in a research report on Friday, August 28th. Stifel Nicolaus upped their target price on Elastic from $90.00 to $107.00 and gave the company a "buy" rating in a report on Friday, August 28th. UBS Group lifted their price target on Elastic from $85.00 to $105.00 and gave the stock a "buy" rating in a research note on Friday, August 28th. Finally, Oppenheimer boosted their price objective on shares of Elastic from $100.00 to $118.00 and gave the stock an "outperform" rating in a research report on Friday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and thirteen have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $94.12.
Get Our Latest Stock Report on ESTC
Institutional Investors Weigh In On Elastic
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Geneos Wealth Management Inc. acquired a new stake in Elastic during the 2nd quarter valued at $31,000. Bessemer Group Inc. acquired a new position in shares of Elastic in the first quarter worth $25,000. Aster Capital Management DIFC Ltd lifted its position in shares of Elastic by 206.1% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 551 shares of the company's stock valued at $42,000 after acquiring an additional 371 shares in the last quarter. Basecamp Wealth Advisors LLC purchased a new stake in shares of Elastic in the first quarter valued at $28,000. Finally, Quarry LP boosted its stake in shares of Elastic by 16,200.0% during the fourth quarter. Quarry LP now owns 652 shares of the company's stock valued at $49,000 after acquiring an additional 648 shares during the last quarter. Hedge funds and other institutional investors own 97.03% of the company's stock.
About Elastic
(
Get Free Report)
Elastic N.V. develops search, observability and security software for organizations that need to find, analyze and act on data. Its core technology, Elasticsearch, is a distributed search and analytics engine that can process structured and unstructured information from applications, websites, logs and other sources.
The company offers its platform through Elastic Cloud, a managed cloud service available across major public-cloud environments, as well as through self-managed deployments.
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