Elastic (NYSE:ESTC) Upgraded at Monness Crespi & Hardt

Posted by Francis Steltz on Oct 12th, 2026

Monness Crespi & Hardt upgraded shares of Elastic (NYSE:ESTC – Free Report) from a neutral rating to a buy rating in a research report sent to investors on Friday, Marketbeat.com reports. The brokerage currently has $120.00 target price on the stock.

A number of other analysts have also recently commented on the company. Jefferies Financial Group lifted their price objective on Elastic from $100.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, August 28th. Morgan Stanley upped their target price on shares of Elastic from $66.00 to $75.00 and gave the company an “equal weight” rating in a report on Friday, August 28th. Piper Sandler reaffirmed a “hold” rating on shares of Elastic in a research note on Friday, August 28th. Cantor Fitzgerald reiterated a “neutral” rating and set a $100.00 price target on shares of Elastic in a report on Wednesday, September 23rd. Finally, Needham & Company LLC reissued a “hold” rating on shares of Elastic in a research report on Friday, August 28th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, Elastic has an average rating of “Moderate Buy” and a consensus target price of $97.92.

View Our Latest Stock Report on Elastic

Elastic Price Performance

Shares of NYSE:ESTC opened at $98.18 on Friday. 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 business’s fifty day moving average price is $86.50 and its two-hundred day moving average price is $66.29. The stock has a market cap of $10.31 billion, a PE ratio of 27.50, a price-to-earnings-growth ratio of 8.25 and a beta of 1.03. Elastic has a one year low of $42.05 and a one year high of $108.00.

Elastic (NYSE:ESTC – Get Free Report) last released its quarterly earnings results on Thursday, August 27th. The company reported $0.70 earnings per share for the quarter, topping 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 company had revenue of $478.11 million during the quarter, compared to analysts’ expectations of $469.75 million. During the same period in the previous year, the firm posted $0.60 earnings per share. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. 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 forecast that Elastic will post 0.65 EPS for the current fiscal year.

Insider Buying and Selling

In other Elastic news, CTO Shay Banon sold 200,000 shares of Elastic stock in a transaction on Monday, August 31st. The shares were sold at an average price of $96.47, for a total value of $19,294,000.00. Following the transaction, the chief technology officer owned 1,854,978 shares in the company, valued at $178,949,727.66. This trade represents a 9.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Steven Schuurman sold 1,500,000 shares of Elastic stock in a transaction on Monday, October 5th. The shares were sold at an average price of $90.13, for a total transaction of $135,195,000.00. Following the completion of the transaction, the director owned 4,504,600 shares in the company, valued at approximately $405,999,598. This trade represents a 24.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 2,585,641 shares of company stock valued at $234,551,366. Insiders own 12.70% of the company’s stock.

Institutional Trading of Elastic

Several institutional investors have recently made changes to their positions in the stock. Bessemer Group Inc. acquired a new stake in shares of Elastic during the 1st quarter worth $25,000. Basecamp Wealth Advisors LLC acquired a new position in Elastic in the first quarter valued at $28,000. Harbor Investment Advisory LLC acquired a new position in Elastic in the second quarter valued at $42,000. Root Financial Partners LLC boosted its holdings in Elastic by 2,976.7% in the first quarter. Root Financial Partners LLC now owns 923 shares of the company’s stock valued at $46,000 after acquiring an additional 893 shares during the last quarter. Finally, Summit Securities Group LLC acquired a new position in Elastic in the first quarter valued at $79,000. 97.03% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Elastic

Here are the key news stories impacting Elastic this week:

Positive Sentiment: Analyst sentiment improved: Monness Crespi & Hardt upgraded Elastic from “neutral” to “buy” and set a $120 price target. Stifel Nicolaus also raised its target from $107 to $120 and assigned a “buy” rating, while Wedbush reaffirmed its “outperform” rating with a $125 target. The targets imply meaningful upside from the stock’s recent trading level.
Positive Sentiment: AI observability product launched: Elastic introduced a private preview of Elastic nightshift AI SRE, an AI agent designed to investigate incidents across an organization’s technology stack. It uses broad telemetry and contextual data, tests multiple root-cause hypotheses, and explains its findings, potentially improving the value of Elastic’s Observability platform. Elastic Introduces Elastic nightshift AI SRE
Positive Sentiment: Security AI expansion: Elastic announced AlertZero, a team of specialized AI agents supporting the security operations lifecycle. The launch reinforces the company’s strategy of monetizing AI across observability and cybersecurity use cases. Elastic Announces AlertZero
Neutral Sentiment: Recent commentary highlights Elastic’s potential to benefit from AI software demand, but questions remain about customer commitments, the economics of those contracts, and the time required for AI initiatives to translate into sustained profits.
Negative Sentiment: Insider selling may weigh on sentiment: Insider Mark Eugene Dodds sold 10,000 shares, while former CEO Steven Schuurman sold 1.5 million shares. These transactions do not necessarily indicate a change in business outlook, but their size could raise concerns about insider confidence or create additional selling pressure. Elastic insider Steven Schuurman sells shares
Negative Sentiment: One analysis argues that AI tailwinds may not fully offset competitive pressure, underscoring execution and rivalry risks in Elastic’s markets.

Elastic Company Profile

(Get Free Report)

Elastic N.V. (NYSE: ESTC) develops search, observability and security software for organizations that need to collect, analyze and act on large volumes of data. Its platform helps users search structured and unstructured information, monitor applications and infrastructure, detect security threats and build artificial intelligence-powered experiences.

The company’s principal offerings include Elasticsearch, its distributed search and analytics engine; Kibana, a visualization and data exploration interface; and Elastic Cloud, a managed cloud service for deploying Elastic products.