Shay Banon Sells 6,201 Shares of Elastic (NYSE:ESTC) Stock

Posted by Brenda Bartman on Sep 13th, 2026

Elastic N.V. (NYSE:ESTC – Get Free Report) CTO Shay Banon sold 6,201 shares of Elastic stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $85.19, for a total value of $528,263.19. Following the completion of the sale, the chief technology officer directly owned 3,994,770 shares of the company’s stock, valued at $340,314,456.30. This trade represents a 0.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

On Wednesday, September 9th, Shay Banon sold 155,586 shares of Elastic stock. The shares were sold at an average price of $86.82, for a total value of $13,507,976.52.
On Friday, September 4th, Shay Banon sold 80,583 shares of Elastic stock. The shares were sold at an average price of $92.65, for a total value of $7,466,014.95.
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 value 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 transaction 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 transaction 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 transaction of $19,294,000.00.

Elastic Trading Down 0.0%

ESTC opened at $83.44 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.81 and a quick ratio of 1.81. The company has a market cap of $8.76 billion, a price-to-earnings ratio of 23.37, a price-to-earnings-growth ratio of 8.08 and a beta of 1.03. The firm has a 50 day simple moving average of $74.79 and a 200 day simple moving average of $61.07. Elastic N.V. has a fifty-two week low of $42.05 and a fifty-two week high of $108.00.

Elastic (NYSE:ESTC – Get Free Report) last announced its quarterly earnings data 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. Elastic had a net margin of 20.84% and a negative return on equity of 0.35%. The business had revenue of $478.11 million for the quarter, compared to analyst estimates of $469.75 million. During the same period in the prior year, the business posted $0.60 earnings per share. Elastic’s revenue 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, sell-side analysts anticipate that Elastic N.V. will post 0.64 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on ESTC shares. Cantor Fitzgerald raised their price target on Elastic from $91.00 to $100.00 and gave the stock a “neutral” rating in a research report on Friday, August 28th. Wedbush started coverage on Elastic in a report on Friday. They issued an “outperform” rating and a $125.00 price objective for the company. Scotiabank increased their target price on Elastic from $58.00 to $84.00 and gave the company a “sector perform” rating in a research note on Friday, August 28th. Jefferies Financial Group raised their target price on Elastic from $100.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, August 28th. Finally, Royal Bank Of Canada boosted their target price on Elastic from $70.00 to $87.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. One investment 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 stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $96.52.

Check Out Our Latest Report on ESTC

Key Elastic News

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.

Institutional Trading of Elastic

Large investors have recently made changes to their positions in the company. Orion Porfolio Solutions LLC grew its position in Elastic by 1.4% during the third quarter. Orion Porfolio Solutions LLC now owns 8,593 shares of the company’s stock worth $726,000 after buying an additional 118 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Elastic by 17.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,159 shares of the company’s stock valued at $98,000 after acquiring an additional 171 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in Elastic by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 28,323 shares of the company’s stock valued at $2,393,000 after acquiring an additional 175 shares in the last quarter. California State Teachers Retirement System raised its holdings in Elastic by 0.3% in the 2nd quarter. California State Teachers Retirement System now owns 83,403 shares of the company’s stock valued at $7,033,000 after acquiring an additional 219 shares in the last quarter. Finally, 180 Wealth Advisors LLC lifted its position in shares of Elastic by 4.6% during the 2nd quarter. 180 Wealth Advisors LLC now owns 6,027 shares of the company’s stock valued at $344,000 after acquiring an additional 263 shares during the period. Institutional investors own 97.03% of the company’s stock.

About Elastic

(Get Free Report)

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.