Oppenheimer Has Lowered Expectations for Elastic (NYSE:ESTC) Stock Price

Elastic (NYSE:ESTC) had its target price reduced by investment analysts at Oppenheimer from $100.00 to $85.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Oppenheimer’s price target points to a potential upside of 61.74% from the company’s previous close.

ESTC has been the topic of several other reports. Canaccord Genuity Group cut their target price on shares of Elastic from $120.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, November 21st. Scotiabank dropped their price objective on shares of Elastic from $90.00 to $76.00 and set a “sector perform” rating on the stock in a report on Friday, November 21st. Jefferies Financial Group cut their price objective on shares of Elastic from $105.00 to $95.00 and set a “buy” rating on the stock in a research report on Monday, January 5th. Weiss Ratings restated a “sell (d)” rating on shares of Elastic in a research note on Wednesday, January 21st. Finally, Wells Fargo & Company decreased their target price on Elastic from $90.00 to $75.00 and set an “equal weight” rating for the company in a research report on Friday, November 21st. Seventeen analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $100.54.

Elastic Trading Down 14.7%

Shares of ESTC stock traded down $9.03 during trading hours on Friday, hitting $52.56. 2,582,876 shares of the company were exchanged, compared to its average volume of 1,932,552. The company has a 50 day simple moving average of $68.90 and a two-hundred day simple moving average of $77.96. The firm has a market cap of $5.54 billion, a P/E ratio of -51.15, a P/E/G ratio of 235.94 and a beta of 0.93. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.97 and a current ratio of 1.97. Elastic has a fifty-two week low of $49.90 and a fifty-two week high of $117.49.

Insider Activity at Elastic

In related news, CEO Ashutosh Kulkarni sold 5,000 shares of the company’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $74.60, for a total transaction of $373,000.00. Following the completion of the sale, the chief executive officer owned 426,901 shares in the company, valued at approximately $31,846,814.60. This represents a 1.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Ken Exner sold 6,544 shares of the firm’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $75.05, for a total value of $491,127.20. Following the transaction, the insider owned 227,038 shares in the company, valued at approximately $17,039,201.90. This trade represents a 2.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 61,828 shares of company stock valued at $4,641,010 over the last quarter. 12.70% of the stock is currently owned by company insiders.

Institutional Trading of Elastic

Several institutional investors have recently made changes to their positions in ESTC. Sound Income Strategies LLC purchased a new position in Elastic in the fourth quarter valued at about $25,000. Geneos Wealth Management Inc. bought a new stake in shares of Elastic in the 2nd quarter worth approximately $31,000. Huntington National Bank raised its holdings in shares of Elastic by 97.5% in the 2nd quarter. Huntington National Bank now owns 468 shares of the company’s stock worth $39,000 after purchasing an additional 231 shares during the period. Plato Investment Management Ltd purchased a new position in Elastic in the second quarter valued at approximately $40,000. Finally, Activest Wealth Management lifted its stake in Elastic by 3,181.3% in the fourth quarter. Activest Wealth Management now owns 525 shares of the company’s stock valued at $40,000 after purchasing an additional 509 shares during the last quarter. Institutional investors own 97.03% of the company’s stock.

Trending Headlines about Elastic

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Company beat on revenue and subscription growth — Q3 revenue was about $450M, up ~18% year-over-year, and subscription revenue rose ~19%, showing continued demand for its Search AI platform. BusinessWire: Q3 Results
• Positive Sentiment: Management raised forward guidance materially — Q4 EPS guide and full‑year FY2026 EPS guidance were well above Street estimates (company gave Q4 EPS and FY EPS ranges that exceeded consensus), signaling stronger expected profitability going forward. BusinessWire: Guidance
• Positive Sentiment: Management emphasized AI expansion and product momentum on the earnings call, which could support longer‑term revenue upside as customers adopt Search AI features. Yahoo: Earnings Highlights
• Neutral Sentiment: Full earnings/management discussion is available in the Q3 call transcript for investors wanting detail on margins, churn, and product metrics. Seeking Alpha: Call Transcript
• Negative Sentiment: GAAP profitability disappointed — one report shows GAAP EPS missed consensus (reported around -$0.03 vs. expectations), and the company still posts negative net margin and negative return on equity, which worried investors. MarketBeat: Earnings Snapshot
• Negative Sentiment: Market punished the stock despite revenue outperformance and raised guidance — coverage notes and headlines report a sharp drop after the print, signaling investors were focused on profitability, GAAP miss, or near‑term execution risks. Investing.com: Shares Tumble

About Elastic

Elastic N.V. operates as a search and analytics company, offering a suite of open source and subscription-based solutions for search, observability and security use cases. Its flagship product, Elasticsearch, enables fast and scalable full-text search and analytics across large volumes of structured and unstructured data. Complementary tools such as Kibana provide visualization capabilities, while Beats and Logstash serve as lightweight data shippers and data processing pipelines, respectively.

The company was founded in 2012 by Shay Banon, who serves as chief technology officer, and Steven Schuurman.