Shares of Elastic N.V. (NYSE:ESTC – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the thirty analysts that are covering the company, MarketBeat Ratings reports. Twelve research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $98.56.
A number of equities analysts have recently commented on the stock. Bank of America lifted their price target on shares of Elastic from $90.00 to $108.00 and gave the stock a “neutral” rating in a report on Friday, August 28th. Barclays increased their price objective on Elastic from $68.00 to $94.00 and gave the company an “overweight” rating in a report on Monday, August 24th. Truist Financial raised their target price on Elastic from $80.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. Jefferies Financial Group lifted 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, Needham & Company LLC reaffirmed a “hold” rating on shares of Elastic in a report on Friday, October 9th.
Read Our Latest Stock Report on Elastic
Insider Activity
In related news, CRO Mark Dodds sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $92.58, for a total transaction of $925,800.00. Following the completion of the sale, the executive owned 278,538 shares of the company’s stock, valued at $25,787,048.04. This trade represents a 3.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Shay Banon sold 84,207 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $84.64, for a total value of $7,127,280.48. Following the completion of the transaction, the chief technology officer directly owned 3,910,563 shares in the company, valued at approximately $330,990,052.32. This trade represents a 2.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 4,585,641 shares of company stock worth $422,851,366. 12.70% of the stock is owned by insiders.
Institutional Trading of Elastic
Several hedge funds have recently modified their holdings of ESTC. Lido Advisors LLC lifted its stake in shares of Elastic by 34.4% in the third quarter. Lido Advisors LLC now owns 31,016 shares of the company’s stock valued at $2,844,000 after buying an additional 7,941 shares in the last quarter. AlphaCore Capital LLC acquired a new position in shares of Elastic during the third quarter valued at about $452,000. Navigoe LLC acquired a new position in shares of Elastic during the third quarter valued at about $458,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Elastic during the third quarter worth about $255,000. Finally, Inscription Capital LLC bought a new stake in shares of Elastic during the third quarter worth about $242,000. Institutional investors own 97.03% of the company’s stock.
Elastic Stock Down 0.8%
NYSE ESTC opened at $89.71 on Monday. The business has a fifty day moving average price of $92.70 and a two-hundred day moving average price of $67.73. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.81 and a quick ratio of 1.81. Elastic has a fifty-two week low of $42.05 and a fifty-two week high of $108.00. The stock has a market capitalization of $9.42 billion, a PE ratio of 25.13, a PEG ratio of 7.60 and a beta of 0.97.
Elastic (NYSE:ESTC – Get Free Report) last posted its quarterly earnings results on Thursday, August 27th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.12. The company had revenue of $478.11 million for the quarter, compared to the consensus estimate of $469.75 million. Elastic had a net margin of 20.84% and a negative return on equity of 0.35%. The firm’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period last year, the company posted $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. Equities analysts expect that Elastic will post 0.65 earnings per share for the current fiscal year.
Elastic Company Profile
Elastic N.V. develops search-powered software and services for organizations worldwide. Its technology helps businesses search, analyze and act on structured and unstructured data across applications, websites, infrastructure and security environments. Elastic offers its products through cloud-based and self-managed deployment options.
The company’s core platform, the Elastic Search AI Platform, is built around Elasticsearch and Kibana. Its offerings include Elastic Cloud, a managed cloud service, as well as solutions for enterprise search, observability and security.
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