Key Points
- Elastic director Steven Schuurman sold 1.5 million shares at an average price of $90.13, generating $135.2 million and reducing his direct stake by nearly 25% to 4.5 million shares.
- Elastic’s latest quarterly results exceeded expectations, with adjusted earnings of $0.70 per share and revenue of $478.1 million, up 15.2% year over year.
- Institutional investors own 97.03% of Elastic, while Wall Street maintains a “Moderate Buy” consensus rating with an average price target of $96.52.
Elastic N.V. (NYSE:ESTC - Get Free Report) CRO Mark Dodds sold 10,000 shares of the company's stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $92.58, for a total transaction of $925,800.00. Following the transaction, the executive owned 278,538 shares in the company, valued at $25,787,048.04. This represents a 3.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Mark Eugene Dodds also recently made the following trade(s):
- On Wednesday, September 9th, Mark Dodds sold 9,673 shares of Elastic stock. The shares were sold at an average price of $87.78, for a total transaction of $849,095.94.
Elastic Stock Performance
Shares of ESTC stock opened at $94.66 on Wednesday. The company has a 50 day moving average price of $84.65 and a 200-day moving average price of $65.41. Elastic N.V. has a 52 week low of $42.05 and a 52 week high of $108.00. The firm has a market capitalization of $9.94 billion, a PE ratio of 26.51, a P/E/G ratio of 7.97 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 issued its quarterly earnings data 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. The company had revenue of $478.11 million for the quarter, compared to the consensus estimate of $469.75 million. Elastic had a net margin of 20.84% and a negative return on equity of 0.35%. The firm's revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. As a group, equities research analysts expect that Elastic N.V. will post 0.65 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Bessemer Group Inc. bought a new stake in shares of Elastic during the 1st quarter valued at $25,000. Basecamp Wealth Advisors LLC bought a new position in Elastic in the 1st quarter worth $28,000. Harbor Investment Advisory LLC bought a new position in Elastic in the 2nd quarter worth $42,000. Root Financial Partners LLC lifted its position in Elastic by 2,976.7% during the first quarter. Root Financial Partners LLC now owns 923 shares of the company's stock valued at $46,000 after purchasing an additional 893 shares in the last quarter. Finally, Summit Securities Group LLC purchased a new position in Elastic during the first quarter valued at $79,000. Hedge funds and other institutional investors own 97.03% of the company's stock.
Analyst Upgrades and Downgrades
ESTC has been the topic of several research analyst reports. Stifel Nicolaus increased their price target on Elastic from $90.00 to $107.00 and gave the company a "buy" rating in a report on Friday, August 28th. Oppenheimer lifted their price objective on Elastic from $100.00 to $118.00 and gave the stock an "outperform" rating in a report on Friday, August 28th. Needham & Company LLC reiterated a "hold" rating on shares of Elastic in a research report on Friday, August 28th. Citigroup increased their target price on Elastic from $104.00 to $128.00 and gave the company a "buy" rating in a report on Friday, August 28th. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $83.00 target price on shares of Elastic in a research report on Wednesday, August 26th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $96.52.
Get Our Latest Stock Report on Elastic
Elastic Company Profile
(
Get Free Report)
Elastic N.V. (NYSE: ESTC) develops search, observability and security software for organizations that need to collect, analyze and act on large volumes of data. Its platform helps users search structured and unstructured information, monitor applications and infrastructure, detect security threats and build artificial intelligence-powered experiences.
The company's principal offerings include Elasticsearch, its distributed search and analytics engine; Kibana, a visualization and data exploration interface; and Elastic Cloud, a managed cloud service for deploying Elastic products.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
