Zacks Research downgraded shares of Elastic (NYSE:ESTC – Free Report) from a hold rating to a strong sell rating in a research report released on Thursday,Zacks.com reports.
Several other research firms have also recently weighed in on ESTC. Rosenblatt Securities reissued a “buy” rating and issued a $110.00 target price on shares of Elastic in a research note on Tuesday. Cantor Fitzgerald decreased their target price on shares of Elastic from $66.00 to $59.00 and set a “neutral” rating for the company in a research note on Tuesday. UBS Group reissued a “buy” rating and issued a $85.00 target price on shares of Elastic in a research note on Friday. Barclays decreased their target price on shares of Elastic from $76.00 to $68.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Canaccord Genuity Group decreased their target price on shares of Elastic from $90.00 to $80.00 and set a “buy” rating for the company in a research note on Friday. Eighteen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $80.04.
View Our Latest Stock Report on ESTC
Elastic Price Performance
Elastic (NYSE:ESTC – Get Free Report) last released its earnings results on Thursday, May 28th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.05. Elastic had a net margin of 21.14% and a negative return on equity of 2.02%. The business had revenue of $450.68 million during the quarter, compared to analysts’ expectations of $446.66 million. During the same period last year, the business earned $0.47 earnings per share. The firm’s revenue was up 16.0% on a year-over-year basis. Elastic has set its FY 2027 guidance at 3.210-3.290 EPS and its Q1 2027 guidance at 0.570-0.590 EPS. Equities research analysts anticipate that Elastic will post 0.02 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, CRO Mark Eugene Dodds sold 3,723 shares of the business’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $52.28, for a total value of $194,638.44. Following the completion of the transaction, the executive owned 152,563 shares of the company’s stock, valued at $7,975,993.64. The trade was a 2.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Shay Banon sold 4,283 shares of the business’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $52.28, for a total value of $223,915.24. Following the completion of the transaction, the chief technology officer directly owned 4,354,945 shares of the company’s stock, valued at approximately $227,676,524.60. This trade represents a 0.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 38,188 shares of company stock valued at $1,996,469 in the last 90 days. 12.70% of the stock is currently owned by corporate insiders.
Institutional Trading of Elastic
Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Elastic by 7.4% in the third quarter. Vanguard Group Inc. now owns 10,206,204 shares of the company’s stock valued at $862,322,000 after acquiring an additional 705,991 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Elastic by 153.4% in the fourth quarter. AQR Capital Management LLC now owns 7,545,081 shares of the company’s stock valued at $569,201,000 after acquiring an additional 4,567,720 shares during the last quarter. Pictet Asset Management Holding SA boosted its holdings in Elastic by 43.2% in the first quarter. Pictet Asset Management Holding SA now owns 6,492,717 shares of the company’s stock valued at $324,550,000 after acquiring an additional 1,958,219 shares during the last quarter. FIL Ltd boosted its holdings in Elastic by 36.9% in the fourth quarter. FIL Ltd now owns 3,628,748 shares of the company’s stock valued at $273,753,000 after acquiring an additional 977,578 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in Elastic by 516.1% in the first quarter. First Trust Advisors LP now owns 2,627,636 shares of the company’s stock valued at $131,356,000 after acquiring an additional 2,201,140 shares during the last quarter. 97.03% of the stock is currently owned by institutional investors.
Trending Headlines about Elastic
Here are the key news stories impacting Elastic this week:
- Positive Sentiment: Elastic beat fiscal Q4 expectations, reporting EPS of $0.61 versus $0.56 expected and revenue of $450.7 million versus $446.7 million expected, with revenue up 16% year over year. Elastic Reports Fourth Quarter and Fiscal 2026 Financial Results
- Positive Sentiment: The company also issued first-quarter and full-year guidance above consensus for EPS, suggesting management sees continued earnings momentum. Elastic Reports Fourth Quarter and Fiscal 2026 Financial Results
- Positive Sentiment: Wall Street remains broadly constructive: Citigroup raised its price target to $104, and other firms like Jefferies, Canaccord, Oppenheimer, and Barclays still have buy/outperform-style ratings even after trimming targets. Analyst target updates
- Neutral Sentiment: Several analysts cut price targets after the report, including Barclays, Jefferies, Canaccord Genuity, Wedbush, and Oppenheimer, which signals some valuation caution rather than a thesis change. Analyst target updates
- Neutral Sentiment: Some investors may also be focusing on management’s fiscal 2027 outlook implying mid-teens revenue growth, which is still healthy but may look slower than the market hoped for after a strong quarter. Elastic shares fall 3.2% as investors digest Q4 results and fiscal 2027 outlook
- Negative Sentiment: Despite the beat, the stock has been volatile because investors were disappointed by the initial post-earnings reaction and are weighing strong growth against the company’s still-negative margins. Elastic N.V. (ESTC) Stock Falls on Q4 2026 Earnings
About Elastic
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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