Key Points
- Elastic CTO Shay Banon sold 84,207 shares for approximately $7.1 million at an average price of $84.64, reducing his direct ownership by 2.11% to about 3.91 million shares. The sale follows several other recent transactions totaling millions of dollars.
- Elastic reported quarterly earnings of $0.70 per share, beating estimates of $0.58, while revenue rose 15.2% year over year to $478.1 million. Institutional investors own approximately 97% of the company’s shares.
- Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $96.52; several firms recently raised their targets, while Elastic also received positive cybersecurity validation for its endpoint security product.
Elastic N.V. (NYSE:ESTC - Get Free Report) CTO Shay Banon sold 84,207 shares of the business's stock in a transaction on Monday, September 14th. The shares were sold at an average price of $84.64, for a total transaction of $7,127,280.48. Following the completion of the sale, the chief technology officer directly owned 3,910,563 shares in the company, valued at $330,990,052.32. This represents a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shay Banon also recently made the following trade(s):
- On Thursday, September 10th, Shay Banon sold 6,201 shares of Elastic stock. The stock was sold at an average price of $85.19, for a total value of $528,263.19.
- On Wednesday, September 9th, Shay Banon sold 155,586 shares of Elastic stock. The stock was sold at an average price of $86.82, for a total value of $13,507,976.52.
- On Friday, September 4th, Shay Banon sold 80,583 shares of Elastic stock. The stock was sold at an average price of $92.65, for a total value of $7,466,014.95.
- On Thursday, September 3rd, Shay Banon sold 23,702 shares of Elastic stock. The shares were sold at an average price of $94.11, for a total value of $2,230,595.22.
- On Thursday, September 3rd, Shay Banon sold 180,000 shares of Elastic stock. The shares were sold at an average price of $94.07, for a total value of $16,932,600.00.
- On Wednesday, September 2nd, Shay Banon sold 165,171 shares of Elastic stock. The stock was sold at an average price of $90.26, for a total value of $14,908,334.46.
- On Tuesday, September 1st, Shay Banon sold 111,127 shares of Elastic stock. The stock was sold at an average price of $92.60, for a total transaction of $10,290,360.20.
- On Monday, August 31st, Shay Banon sold 200,000 shares of Elastic stock. The shares were sold at an average price of $96.47, for a total transaction of $19,294,000.00.
Elastic Stock Performance
Shares of ESTC stock opened at $85.07 on Wednesday. Elastic N.V. has a 12 month low of $42.05 and a 12 month high of $108.00. The company's fifty day simple moving average is $75.83 and its 200-day simple moving average is $61.52. The firm has a market cap of $8.93 billion, a PE ratio of 23.83, a P/E/G ratio of 7.15 and a beta of 1.03. The company has a quick ratio of 1.81, 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 for the quarter, beating analysts' consensus estimates of $0.58 by $0.12. Elastic had a net margin of 20.84% and a negative return on equity of 0.35%. The business had revenue of $478.11 million during the quarter, compared to the consensus estimate of $469.75 million. During the same quarter last year, the firm earned $0.60 earnings per share. The firm'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. Equities research analysts expect that Elastic N.V. will post 0.65 EPS for the current fiscal year.
Hedge Funds Weigh In On Elastic
Several large investors have recently modified their holdings of ESTC. Pictet Asset Management Holding SA boosted its holdings in shares of Elastic by 43.2% during the 1st quarter. Pictet Asset Management Holding SA now owns 6,492,717 shares of the company's stock worth $324,550,000 after buying an additional 1,958,219 shares during the period. First Trust Advisors LP lifted its position in Elastic by 516.1% during the first quarter. First Trust Advisors LP now owns 2,627,636 shares of the company's stock worth $131,356,000 after acquiring an additional 2,201,140 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Elastic by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 1,724,508 shares of the company's stock worth $130,124,000 after acquiring an additional 49,198 shares during the period. Temasek Holdings Private Ltd boosted its holdings in shares of Elastic by 9.3% during the fourth quarter. Temasek Holdings Private Ltd now owns 1,294,465 shares of the company's stock worth $97,654,000 after acquiring an additional 109,608 shares during the period. Finally, Panagora Asset Management Inc. grew its position in shares of Elastic by 12.5% in the fourth quarter. Panagora Asset Management Inc. now owns 1,031,378 shares of the company's stock valued at $77,807,000 after purchasing an additional 114,965 shares during the last quarter. 97.03% of the stock is owned by institutional investors.
Key Elastic News
Here are the key news stories impacting Elastic this week:
- Positive Sentiment: Strong cybersecurity validation: Elastic Security achieved the only perfect protection score in AV-Comparatives’ 2026 Endpoint Prevention and Response Test. The product received Certified Leader status, with 100% active and passive response scores and the lowest modeled operational footprint among tested products. This could support Elastic’s competitive position in the growing cybersecurity market. Elastic Security AV-Comparatives test results
- Positive Sentiment: Higher earnings expectations: Scotiabank raised its FY2027 EPS estimate for Elastic to $0.70 from $0.21, above the current consensus estimate of $0.64. The bank maintained a Sector Perform rating and an $84 price target. Elastic analyst estimate report
- Positive Sentiment: Upside implied by analyst targets: A Zacks report cites approximately 29.6% potential upside based on the average Wall Street price target, while another report indicates the consensus target increased 32.39% to $110.86. Positive earnings-estimate revisions are providing additional support. Zacks Elastic price target analysis
- Neutral Sentiment: Elastic’s shares remain well above their 200-day moving average, reflecting strong longer-term momentum, but the stock’s elevated valuation means investors may require continued earnings and revenue growth to justify further gains.
- Negative Sentiment: CTO selling shares: Chief Technology Officer Shay Banon sold 84,207 shares for approximately $7.1 million, reducing his position by 2.11%. He still directly owns about 3.91 million shares, so the transaction is a modest reduction but adds to recent reports of insider sales totaling millions of dollars. Elastic CTO SEC Form 4 filing
Wall Street Analyst Weigh In
Several analysts recently issued reports on ESTC shares. Morgan Stanley upped their target price on Elastic from $66.00 to $75.00 and gave the stock an "equal weight" rating in a report on Friday, August 28th. Weiss Ratings raised shares of Elastic from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday, July 15th. UBS Group boosted their target price on shares of Elastic from $85.00 to $105.00 and gave the stock a "buy" rating in a report on Friday, August 28th. Royal Bank Of Canada upped their price target on shares of Elastic from $70.00 to $87.00 and gave the stock an "outperform" rating in a research report on Friday, August 14th. Finally, JPMorgan Chase & Co. raised their target price on shares of Elastic from $93.00 to $105.00 and gave the company an "overweight" rating in a research note on Friday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and thirteen have given a Hold rating to the stock. According to data from MarketBeat.com, Elastic currently has a consensus rating of "Moderate Buy" and an average target price of $96.52.
Check Out Our Latest Report on ESTC
Elastic Company Profile
(
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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