Elastic N.V. (NYSE:ESTC – Get Free Report) CRO Mark Dodds sold 9,673 shares of Elastic stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $87.78, for a total transaction of $849,095.94. Following the sale, the executive owned 288,538 shares in the company, valued at $25,327,865.64. This represents a 3.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Elastic Trading Down 0.0%
Shares of ESTC stock opened at $83.44 on Friday. Elastic N.V. has a 52-week low of $42.05 and a 52-week high of $108.00. The stock has a market cap of $8.76 billion, a price-to-earnings ratio of 23.37, a P/E/G ratio of 8.08 and a beta of 1.03. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.81 and a current ratio of 1.81. The firm has a fifty day moving average of $74.79 and a 200-day moving average of $61.07.
Elastic (NYSE:ESTC – Get Free Report) last issued its earnings results on Thursday, August 27th. The company reported $0.70 earnings per share 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 analyst estimates 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 was up 15.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.60 EPS. 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, equities research analysts forecast that Elastic N.V. will post 0.64 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Analyst Ratings Changes
Several research firms have recently weighed in on ESTC. Needham & Company LLC reiterated a “hold” rating on shares of Elastic in a research note on Friday, August 28th. Cantor Fitzgerald raised their target price on Elastic from $91.00 to $100.00 and gave the stock a “neutral” rating in a research report on Friday, August 28th. JPMorgan Chase & Co. boosted their price target on Elastic from $93.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, August 28th. Barclays upped their price target on Elastic from $68.00 to $94.00 and gave the company an “overweight” rating in a research report on Monday, August 24th. Finally, Zacks Research raised Elastic from a “hold” rating to a “strong-buy” rating in a report on Friday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $96.52.
Get Our Latest Stock Report on ESTC
Trending Headlines about Elastic
Here are the key news stories impacting Elastic this week:
- Positive Sentiment: Elastic introduced Elasticsearch Vector Database, a serverless offering designed for large-scale vector search and artificial-intelligence applications. The product is intended to simplify deployment, support hundreds of billions of vectors and strengthen Elastic’s position in the growing AI-search market. Elastic Introduces Serverless Vector Database
- Positive Sentiment: Wedbush began coverage with an “outperform” rating and a $125 price target, implying substantial upside from the recent trading level. The recommendation reflects optimism about Elastic’s AI, search and cloud growth opportunities.
- Positive Sentiment: Short interest dropped 39% between mid-August and August 31 to 3.87 million shares, or roughly 4.2% of shares outstanding. Reduced bearish positioning and only 1.1 days of short-interest coverage could provide technical support and limit short-selling pressure.
- Neutral Sentiment: Elastic’s latest quarterly results were strong, with $0.70 in adjusted EPS versus the $0.58 consensus and revenue of $478.1 million versus $469.8 million expected. Revenue grew 15.2% year over year, and fiscal 2027 EPS guidance was set at $3.29 to $3.37; however, these results were reported previously and may already be reflected in the stock’s valuation.
- Negative Sentiment: Several executives, including CEO Ashutosh Kulkarni, CFO Navam Welihinda, CRO Mark Dodds and CAO Jane Bone, sold shares on September 9. The sales totaled about 54,888 shares and $4.8 million, but were made to cover tax withholding on vested equity awards, making them less concerning than discretionary selling.
- Negative Sentiment: Repeated insider selling following a strong rally could still weigh on sentiment, particularly as investors assess whether the company’s AI-driven growth can justify its elevated valuation.
About Elastic
Elastic N.V. develops search, observability and security software for organizations that need to find, analyze and act on data. Its core technology, Elasticsearch, is a distributed search and analytics engine that can process structured and unstructured information from applications, websites, logs and other sources.
The company offers its platform through Elastic Cloud, a managed cloud service available across major public-cloud environments, as well as through self-managed deployments.
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