Elastic (NYSE:ESTC) Insider Sells $225,326.80 in Stock

Elastic N.V. (NYSE:ESTC) insider Ken Exner sold 4,310 shares of the business’s 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 $225,326.80. Following the transaction, the insider directly owned 222,728 shares in the company, valued at $11,644,219.84. The trade was a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Elastic Trading Down 2.3%

Shares of Elastic stock opened at $51.64 on Friday. The business has a fifty day simple moving average of $64.08 and a two-hundred day simple moving average of $76.29. Elastic N.V. has a 1 year low of $49.90 and a 1 year high of $103.79. The company has a market capitalization of $5.34 billion, a price-to-earnings ratio of -64.54, a P/E/G ratio of 67.90 and a beta of 0.98. 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 released its quarterly earnings data on Thursday, February 26th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.64 by $0.09. The firm had revenue of $449.88 million for the quarter, compared to the consensus estimate of $438.37 million. Elastic had a negative net margin of 5.04% and a negative return on equity of 2.34%. The company’s quarterly revenue was up 17.7% on a year-over-year basis. During the same period in the previous year, the company earned $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. Research analysts forecast that Elastic N.V. will post -0.77 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on ESTC. Wells Fargo & Company decreased their price target on shares of Elastic from $75.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Friday, February 27th. UBS Group reduced their price objective on Elastic from $125.00 to $110.00 and set a “buy” rating for the company in a report on Friday, November 21st. Morgan Stanley decreased their target price on Elastic from $80.00 to $73.00 and set an “overweight” rating on the stock in a research report on Monday, March 2nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Elastic in a research note on Wednesday, January 21st. Finally, Citigroup dropped their price target on Elastic from $115.00 to $95.00 and set a “buy” rating for the company in a report on Friday, February 20th. Seventeen analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $95.25.

Institutional Investors Weigh In On Elastic

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sound Income Strategies LLC acquired a new stake in shares of Elastic in the 4th quarter valued at $25,000. Geneos Wealth Management Inc. acquired a new position in shares of Elastic during the 2nd quarter worth $31,000. Huntington National Bank lifted its position in shares of Elastic by 97.5% during the 2nd quarter. Huntington National Bank now owns 468 shares of the company’s stock worth $39,000 after buying an additional 231 shares during the last quarter. Activest Wealth Management lifted its position in shares of Elastic by 3,181.3% during the 4th quarter. Activest Wealth Management now owns 525 shares of the company’s stock worth $40,000 after buying an additional 509 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd boosted its stake in Elastic by 206.1% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 551 shares of the company’s stock valued at $42,000 after buying an additional 371 shares in the last quarter. 97.03% of the stock is currently owned by institutional investors.

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.