Elastic (NYSE:ESTC) CRO Mark Eugene Dodds Sells 3,723 Shares

Elastic N.V. (NYSE:ESTC) CRO Mark Eugene Dodds sold 3,723 shares of the firm’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $52.28, for a total transaction of $194,638.44. Following the completion of the transaction, the executive directly owned 152,563 shares of the company’s stock, valued at approximately $7,975,993.64. The trade was a 2.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Elastic Stock Down 2.8%

ESTC opened at $51.77 on Wednesday. The firm has a market capitalization of $5.36 billion, a P/E ratio of -64.71, a price-to-earnings-growth ratio of 68.42 and a beta of 0.98. Elastic N.V. has a one year low of $49.90 and a one year high of $103.79. The company has a fifty day moving average price of $65.01 and a 200-day moving average price of $76.63. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.82 and a quick ratio of 1.82.

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

Key Elastic News

Here are the key news stories impacting Elastic this week:

• Negative Sentiment: CEO Ashutosh Kulkarni sold 17,756 shares (~4.16% reduction in his position) for roughly $928,284; he still holds 409,145 shares. SEC Form 4 – Kulkarni
• Negative Sentiment: CTO Shay Banon sold 4,283 shares (0.10% reduction) for about $223,915; retains ~4.35M shares. SEC Form 4 – Banon
• Negative Sentiment: CRO Mark Eugene Dodds sold 3,723 shares (2.38% reduction) for about $194,638; holds 152,563 shares post-sale. SEC Form 4 – Dodds
• Negative Sentiment: Insider Ken Exner sold 4,310 shares (1.90% reduction) for about $225,327; retains 222,728 shares. SEC Form 4 – Exner
• Negative Sentiment: Carolyn Herzog sold 3,989 shares (4.47% reduction) for about $208,545; holds 85,335 shares after the sale. SEC Form 4 – Herzog
• Negative Sentiment: CFO Navam Welihinda sold 3,240 shares (2.62% reduction) for about $169,387; retains 120,634 shares. SEC Form 4 – Welihinda
• Negative Sentiment: CAO Jane E. Bone sold 887 shares (2.05% reduction) for about $46,372; holds 42,284 shares after the sale. SEC Form 4 – Bone

Hedge Funds Weigh In On Elastic

A number of large investors have recently modified their holdings of ESTC. Sound Income Strategies LLC bought a new stake in Elastic in the 4th quarter worth approximately $25,000. Geneos Wealth Management Inc. purchased a new position in shares of Elastic during the second quarter worth approximately $31,000. Huntington National Bank lifted 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 acquiring an additional 231 shares during the last quarter. Activest Wealth Management lifted its holdings in shares of Elastic by 3,181.3% in the 4th quarter. Activest Wealth Management now owns 525 shares of the company’s stock worth $40,000 after acquiring an additional 509 shares during the last quarter. Finally, Promus Capital LLC purchased a new stake in shares of Elastic in the 2nd quarter valued at $45,000. 97.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ESTC has been the subject of several recent analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of Elastic in a report on Wednesday, January 21st. Bank of America lowered their target price on shares of Elastic from $111.00 to $90.00 and set a “neutral” rating on the stock in a research note on Friday, November 21st. Jefferies Financial Group dropped their target price on shares of Elastic from $105.00 to $95.00 and set a “buy” rating for the company in a research report on Monday, January 5th. Rosenblatt Securities decreased their price target on shares of Elastic from $130.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, January 30th. Finally, Truist Financial lowered their price objective on shares of Elastic from $105.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Seventeen research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.