Elastic (NYSE:ESTC) CTO Sells $223,915.24 in Stock

Elastic N.V. (NYSE:ESTC) CTO Shay Banon sold 4,283 shares of Elastic stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $52.28, for a total value of $223,915.24. Following the completion of the transaction, the chief technology officer owned 4,354,945 shares of the company’s stock, valued at approximately $227,676,524.60. This trade represents a 0.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Elastic Trading Down 2.8%

NYSE ESTC traded down $1.48 on Tuesday, hitting $51.77. 1,967,411 shares of the stock were exchanged, compared to its average volume of 2,680,223. The stock has a fifty day moving average price of $65.01 and a two-hundred day moving average price of $76.63. The firm has a market capitalization of $5.36 billion, a P/E ratio of -64.71, a P/E/G ratio of 68.42 and a beta of 0.98. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.82 and a current ratio of 1.82. Elastic N.V. has a 52-week low of $49.90 and a 52-week high of $103.79.

Elastic (NYSE:ESTC) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.09. Elastic had a negative net margin of 5.04% and a negative return on equity of 2.34%. The business had revenue of $449.88 million during the quarter, compared to the consensus estimate of $438.37 million. During the same quarter last year, the firm earned $0.63 earnings per share. The firm’s quarterly revenue was up 17.7% compared to the same quarter last year. Elastic has set its FY 2026 guidance at 2.500-2.540 EPS and its Q4 2026 guidance at 0.550-0.570 EPS. Research analysts forecast that Elastic N.V. will post -0.77 EPS for the current fiscal year.

Hedge Funds Weigh In On Elastic

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Elastic by 7.4% in the 3rd quarter. Vanguard Group Inc. now owns 10,206,204 shares of the company’s stock worth $862,322,000 after buying an additional 705,991 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Elastic by 153.4% in the 4th quarter. AQR Capital Management LLC now owns 7,545,081 shares of the company’s stock worth $569,201,000 after purchasing an additional 4,567,720 shares in the last quarter. Pictet Asset Management Holding SA increased its position in Elastic by 3.2% during the 4th quarter. Pictet Asset Management Holding SA now owns 4,534,498 shares of the company’s stock valued at $342,127,000 after buying an additional 138,974 shares in the last quarter. FIL Ltd increased its position in Elastic by 36.9% during the 4th quarter. FIL Ltd now owns 3,628,748 shares of the company’s stock valued at $273,753,000 after buying an additional 977,578 shares in the last quarter. Finally, Voya Investment Management LLC raised its stake in Elastic by 4.7% in the third quarter. Voya Investment Management LLC now owns 1,781,925 shares of the company’s stock valued at $150,555,000 after buying an additional 79,465 shares during the last quarter. 97.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on ESTC shares. Royal Bank Of Canada cut their price target on shares of Elastic from $115.00 to $95.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. Monness Crespi & Hardt downgraded Elastic from a “buy” rating to a “neutral” rating in a report on Friday, November 21st. Piper Sandler decreased their price objective on Elastic from $110.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, February 27th. Citigroup dropped their target price on shares of Elastic from $115.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Finally, UBS Group cut their target price on shares of Elastic from $125.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, November 21st. Seventeen investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Elastic presently has an average rating of “Moderate Buy” and a consensus price target of $95.25.

Elastic Company Profile

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.