Shay Banon Sells 80,583 Shares of Elastic (NYSE:ESTC) Stock

Posted by Brian Himes on Sep 10th, 2026

Elastic N.V. (NYSE:ESTC – Get Free Report) CTO Shay Banon sold 80,583 shares of the stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $92.65, for a total transaction of $7,466,014.95. Following the completion of the sale, the chief technology officer owned 4,156,557 shares in the company, valued at $385,105,006.05. This represents a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shay Banon also recently made the following trade(s):

On Thursday, September 3rd, Shay Banon sold 23,702 shares of Elastic stock. The stock was sold at an average price of $94.11, for a total transaction of $2,230,595.22.
On Thursday, September 3rd, Shay Banon sold 180,000 shares of Elastic stock. The stock was 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 shares were 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 shares were sold at an average price of $92.60, for a total value of $10,290,360.20.
On Monday, August 31st, Shay Banon sold 200,000 shares of Elastic stock. The stock was sold at an average price of $96.47, for a total value of $19,294,000.00.

Elastic Stock Performance

Elastic stock opened at $86.38 on Thursday. Elastic N.V. has a fifty-two week low of $42.05 and a fifty-two week high of $108.00. The company has a market capitalization of $9.07 billion, a price-to-earnings ratio of 24.19, a PEG ratio of 8.56 and a beta of 1.03. The stock has a fifty day moving average of $73.76 and a two-hundred day moving average of $60.74. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.81 and a current ratio of 1.81.

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

Analyst Ratings Changes

Several equities research analysts have issued reports on ESTC shares. Stifel Nicolaus raised their price target on shares of Elastic from $90.00 to $107.00 and gave the stock a “buy” rating in a research note on Friday, August 28th. Morgan Stanley lifted their price target on shares of Elastic from $66.00 to $75.00 and gave the stock an “equal weight” rating in a report on Friday, August 28th. Barclays boosted their price objective on shares of Elastic from $68.00 to $94.00 and gave the company an “overweight” rating in a research report on Monday, August 24th. Wolfe Research set a $55.00 price objective on shares of Elastic in a research note on Friday, May 29th. Finally, Piper Sandler restated a “hold” rating on shares of Elastic in a research report on Friday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and thirteen have assigned a Hold rating to the company. According to MarketBeat.com, Elastic currently has a consensus rating of “Moderate Buy” and an average target price of $94.12.

View Our Latest Stock Analysis on ESTC

Institutional Investors Weigh In On Elastic

Several hedge funds have recently modified their holdings of ESTC. Amundi grew its stake in Elastic by 37.2% during the first quarter. Amundi now owns 296,604 shares of the company’s stock worth $14,827,000 after buying an additional 80,441 shares during the period. California State Teachers Retirement System increased its position in shares of Elastic by 21.8% in the first quarter. California State Teachers Retirement System now owns 104,579 shares of the company’s stock worth $5,228,000 after acquiring an additional 18,716 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Elastic by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 1,724,508 shares of the company’s stock valued at $130,124,000 after acquiring an additional 49,198 shares during the period. Temasek Holdings Private Ltd raised its stake in shares of Elastic by 9.3% in the 4th 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 period. Finally, Legal & General Group Plc lifted its holdings in shares of Elastic by 15.6% during the 4th quarter. Legal & General Group Plc now owns 396,595 shares of the company’s stock valued at $29,919,000 after acquiring an additional 53,523 shares in the last quarter. 97.03% of the stock is owned by institutional investors and hedge funds.

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.