Elastic (NYSE:ESTC) Stock Price Down 4.4% – What’s Next?

Posted by George Bondi on Aug 27th, 2026

Shares of Elastic N.V. (NYSE:ESTC – Get Free Report) were down 4.4% during trading on Tuesday . The stock traded as low as $80.02 and last traded at $79.5810. Approximately 978,700 shares were traded during trading, a decline of 53% from the average daily volume of 2,061,871 shares. The stock had previously closed at $83.24.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ESTC. Truist Financial upped their price target on shares of Elastic from $80.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, August 20th. Wall Street Zen lowered shares of Elastic from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Canaccord Genuity Group cut their price objective on shares of Elastic from $90.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday, May 29th. Piper Sandler reaffirmed an “overweight” rating on shares of Elastic in a research note on Friday, June 26th. Finally, Wells Fargo & Company increased their target price on Elastic from $60.00 to $80.00 and gave the stock an “equal weight” rating in a report on Tuesday. Seventeen research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $87.41.

Check Out Our Latest Analysis on Elastic

Elastic Trading Up 6.8%

The stock has a market cap of $8.80 billion, a price-to-earnings ratio of 24.00, a P/E/G ratio of 20.06 and a beta of 0.98. The business has a 50-day simple moving average of $66.94 and a two-hundred day simple moving average of $58.59. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.68 and a current ratio of 1.68.

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 analysts’ consensus estimates of $0.56 by $0.05. Elastic had a net margin of 21.14% and a negative return on equity of 1.82%. The business had revenue of $450.68 million during the quarter, compared to the consensus estimate of $446.66 million. During the same quarter last year, the firm earned $0.47 earnings per share. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. As a group, research analysts forecast that Elastic N.V. will post 0.24 EPS for the current year.

Insiders Place Their Bets

In other news, insider Carolyn Herzog sold 9,485 shares of the stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $60.61, for a total value of $574,885.85. Following the completion of the sale, the insider owned 128,439 shares of the company’s stock, valued at approximately $7,784,687.79. This represents a 6.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Jane E. Bone sold 1,104 shares of Elastic stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $60.61, for a total transaction of $66,913.44. Following the completion of the transaction, the chief accounting officer directly owned 53,415 shares of the company’s stock, valued at approximately $3,237,483.15. This trade represents a 2.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 110,099 shares of company stock valued at $6,673,100 in the last quarter. 12.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Elastic

Large investors have recently added to or reduced their stakes in the business. Amundi raised its holdings in shares of Elastic by 37.2% during the 1st quarter. Amundi now owns 296,604 shares of the company’s stock worth $14,827,000 after buying an additional 80,441 shares in the last quarter. Geode Capital Management LLC boosted its stake in Elastic by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 1,724,508 shares of the company’s stock valued at $130,124,000 after buying an additional 49,198 shares in the last quarter. California State Teachers Retirement System grew its position in Elastic by 21.8% in the first quarter. California State Teachers Retirement System now owns 104,579 shares of the company’s stock valued at $5,228,000 after acquiring an additional 18,716 shares during the last quarter. Temasek Holdings Private Ltd grew its position in Elastic by 9.3% in the fourth quarter. Temasek Holdings Private Ltd now owns 1,294,465 shares of the company’s stock valued at $97,654,000 after acquiring an additional 109,608 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in Elastic by 15.6% during the fourth quarter. Legal & General Group Plc now owns 396,595 shares of the company’s stock worth $29,919,000 after acquiring an additional 53,523 shares in the last quarter. Institutional investors own 97.03% of the company’s stock.

About Elastic

(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.