Elastic (NYSE:ESTC) Updates FY 2025 Earnings Guidance

Elastic (NYSE:ESTC) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 1.520-1.560 for the period, compared to the consensus estimate of 1.410. The company issued revenue guidance of $1.4 billion-$1.4 billion, compared to the consensus revenue estimate of $1.5 billion. Elastic also updated its FY25 guidance to $1.52-1.56 EPS.

Wall Street Analyst Weigh In

ESTC has been the topic of several recent research reports. Canaccord Genuity Group decreased their target price on shares of Elastic from $130.00 to $125.00 and set a buy rating on the stock in a research report on Friday, May 31st. Oppenheimer decreased their price objective on Elastic from $150.00 to $125.00 and set an outperform rating on the stock in a research report on Friday. Barclays lowered their price objective on Elastic from $117.00 to $106.00 and set an equal weight rating for the company in a research note on Friday. Royal Bank of Canada cut their target price on Elastic from $135.00 to $110.00 and set an outperform rating on the stock in a research report on Friday. Finally, Rosenblatt Securities restated a buy rating and issued a $136.00 price target on shares of Elastic in a research report on Tuesday, August 27th. Nine analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of $105.20.

Elastic Price Performance

ESTC opened at $76.19 on Friday. The firm has a market capitalization of $7.83 billion, a PE ratio of 143.75 and a beta of 0.98. The business’s 50-day moving average is $109.70 and its two-hundred day moving average is $108.37. Elastic has a 1 year low of $59.30 and a 1 year high of $136.06. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.76 and a quick ratio of 1.76.

Elastic (NYSE:ESTC) last announced its earnings results on Thursday, August 29th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.10. The company had revenue of $347.42 million for the quarter, compared to analyst estimates of $344.67 million. Elastic had a negative return on equity of 18.41% and a net margin of 4.62%. The firm’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.35) EPS. Research analysts anticipate that Elastic will post -1.12 earnings per share for the current fiscal year.

Insider Buying and Selling at Elastic

In other news, CRO Mark Eugene Dodds sold 2,281 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $109.90, for a total transaction of $250,681.90. Following the sale, the executive now owns 106,344 shares of the company’s stock, valued at approximately $11,687,205.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CRO Mark Eugene Dodds sold 2,281 shares of Elastic stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $109.90, for a total value of $250,681.90. Following the sale, the executive now owns 106,344 shares in the company, valued at $11,687,205.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Shay Banon sold 180,000 shares of the company’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $107.82, for a total transaction of $19,407,600.00. Following the transaction, the chief technology officer now owns 2,874,978 shares of the company’s stock, valued at approximately $309,980,127.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 355,312 shares of company stock worth $38,626,610. Company insiders own 18.10% of the company’s stock.

About Elastic

Elastic N.V., a data analytics company, delivers solutions designed to run in public or private clouds in multi-cloud environments. It primarily offers Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as performs search, analysis, and visualization on that data.