Jane Bone Sells 4,176 Shares of Elastic (NYSE:ESTC) Stock

Elastic N.V. (NYSE:ESTC) CAO Jane Bone sold 4,176 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $93.48, for a total transaction of $390,372.48. Following the transaction, the chief accounting officer owned 49,239 shares in the company, valued at approximately $4,602,861.72. This trade represents a 7.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Elastic Stock Performance

ESTC stock traded down $2.96 during trading on Wednesday, reaching $89.43. The company had a trading volume of 2,407,438 shares, compared to its average volume of 2,163,715. The firm has a 50-day simple moving average of $69.70 and a 200-day simple moving average of $59.49. The company has a market cap of $9.30 billion, a price-to-earnings ratio of 25.05, a price-to-earnings-growth ratio of 17.98 and a beta of 0.98. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.68 and a current ratio of 1.81. Elastic N.V. has a twelve month low of $42.05 and a twelve month high of $108.00.

Elastic (NYSE:ESTC) last issued its quarterly earnings results on Thursday, August 27th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.12. The business had revenue of $478.11 million for the quarter, compared to analyst estimates of $469.75 million. Elastic had a net margin of 20.84% and a negative return on equity of 0.35%. Elastic’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.60 EPS. Elastic has set its FY 2027 guidance at 3.290-3.370 EPS and its Q2 2027 guidance at 0.800-0.820 EPS. As a group, sell-side analysts expect that Elastic N.V. will post 0.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on ESTC shares. Stifel Nicolaus lifted their price target on Elastic from $90.00 to $107.00 and gave the stock a “buy” rating in a research report on Friday, August 28th. Weiss Ratings raised Elastic from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, July 15th. William Blair assumed coverage on Elastic in a research note on Friday, May 22nd. They issued an “outperform” rating for the company. UBS Group lifted their target price on Elastic from $85.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, August 28th. Finally, Cantor Fitzgerald upped their target price on Elastic from $91.00 to $100.00 and gave the company a “neutral” rating in a research report on Friday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $94.12.

Institutional Investors Weigh In On Elastic

Hedge funds have recently added to or reduced their stakes in the business. Orion Porfolio Solutions LLC grew its position in Elastic by 1.4% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 8,593 shares of the company’s stock worth $726,000 after purchasing an additional 118 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Elastic by 17.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,159 shares of the company’s stock valued at $98,000 after buying an additional 171 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of Elastic by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 28,323 shares of the company’s stock worth $2,393,000 after buying an additional 175 shares during the last quarter. California State Teachers Retirement System grew its holdings in Elastic by 0.3% during the second quarter. California State Teachers Retirement System now owns 83,403 shares of the company’s stock worth $7,033,000 after acquiring an additional 219 shares during the period. Finally, 180 Wealth Advisors LLC grew its holdings in Elastic by 4.6% during the second quarter. 180 Wealth Advisors LLC now owns 6,027 shares of the company’s stock worth $344,000 after acquiring an additional 263 shares during the period. 97.03% of the stock is owned by hedge funds and other institutional investors.

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.