Jane Bone Sells 4,176 Shares of Elastic (NYSE:ESTC) Stock

Posted by Francis Steltz on Sep 4th, 2026

Elastic N.V. (NYSE:ESTC – Get Free Report) CAO Jane Bone sold 4,176 shares of the stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $93.48, for a total value of $390,372.48. Following the completion of the transaction, the chief accounting officer directly owned 49,239 shares in the company, valued at approximately $4,602,861.72. This trade represents a 7.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Elastic Stock Up 7.5%

NYSE:ESTC opened at $96.27 on Friday. The company has a quick ratio of 1.68, a current ratio of 1.81 and a debt-to-equity ratio of 0.44. Elastic N.V. has a 12-month low of $42.05 and a 12-month high of $108.00. The stock’s fifty day simple moving average is $71.17 and its 200-day simple moving average is $59.94. The firm has a market capitalization of $10.11 billion, a P/E ratio of 26.97, a P/E/G ratio of 8.68 and a beta of 1.03.

Elastic (NYSE:ESTC – Get Free Report) last released its quarterly earnings data on Thursday, August 27th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.12. Elastic had a negative return on equity of 0.35% and a net margin of 20.84%.The business had revenue of $478.11 million during the quarter, compared to the consensus estimate of $469.75 million. During the same quarter in the prior year, the company posted $0.60 earnings per share. The firm’s revenue was up 15.2% on a year-over-year basis. 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 0.56 earnings per share for the current year.

Hedge Funds Weigh In On Elastic

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bessemer Group Inc. acquired a new position in Elastic during the 1st quarter worth approximately $25,000. Basecamp Wealth Advisors LLC acquired a new position in Elastic during the first quarter worth $28,000. Geneos Wealth Management Inc. bought a new position in Elastic in the second quarter valued at $31,000. Harbor Investment Advisory LLC acquired a new stake in Elastic in the 2nd quarter valued at $42,000. Finally, Aster Capital Management DIFC Ltd lifted its position in Elastic by 206.1% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 551 shares of the company’s stock worth $42,000 after buying an additional 371 shares in the last quarter. 97.03% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Elastic

Here are the key news stories impacting Elastic this week:

Positive Sentiment: Elastic announced plans to integrate OpenAI GPT cyber models directly into Elastic Security. The models are intended to help security teams triage alerts, investigate threats, build detections and accelerate remediation without requiring customers to manage separate AI infrastructure. The partnership strengthens Elastic’s position in the fast-growing AI-powered cybersecurity market. Elastic Brings OpenAI GPT Cyber Models Into Elastic Security
Positive Sentiment: The latest quarterly report provided a solid fundamental backdrop: adjusted earnings per share of $0.70 exceeded the $0.58 consensus estimate, while revenue of $478.11 million topped expectations of $469.75 million and increased 15.2% year over year. Fiscal 2027 earnings guidance of $3.29 to $3.37 per share and upward earnings-estimate revisions are supporting the bullish case. Can Elastic Run Higher on Rising Earnings Estimates?
Neutral Sentiment: Analyst opinion remains mixed after the earnings-driven rally. UBS raised its price target to $105 and maintained a Buy rating, while DA Davidson and Bank of America kept Neutral ratings despite higher targets. The consensus rating is Moderate Buy, with an average price target of $94.12, suggesting limited upside at recent levels.
Negative Sentiment: Several insiders sold shares following the rally. CTO Shay Banon sold 476,298 shares for approximately $44.5 million across August 31 through September 2, while other insiders sold additional shares. Although executives retain substantial holdings and sales may reflect profit-taking, the concentrated insider selling could weigh on sentiment and raise valuation concerns. Elastic Insider Sale Filings

Wall Street Analysts Forecast Growth

ESTC has been the topic of several analyst reports. TD Cowen increased their target price on shares of Elastic from $55.00 to $70.00 and gave the stock a “hold” rating in a report on Tuesday, August 25th. Wolfe Research set a $55.00 price objective on shares of Elastic in a research report on Friday, May 29th. Barclays raised their price objective on Elastic from $68.00 to $94.00 and gave the stock an “overweight” rating in a research note on Monday, August 24th. Royal Bank Of Canada lifted their target price on Elastic from $70.00 to $87.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Finally, Weiss Ratings raised Elastic from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and thirteen have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $94.12.

View Our Latest Stock Report on Elastic

Elastic Company Profile

(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.