Elastic (NYSE:ESTC) Insider Sells 5,485 Shares of Stock

Elastic N.V. (NYSE:ESTC) insider Carolyn Herzog sold 5,485 shares of the firm’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $87.78, for a total value of $481,473.30. Following the sale, the insider directly owned 112,954 shares in the company, valued at approximately $9,915,102.12. This represents a 4.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Carolyn Herzog also recently made the following trade(s):

• On Tuesday, September 1st, Carolyn Herzog sold 10,000 shares of Elastic stock. The stock was sold at an average price of $93.67, for a total value of $936,700.00.

Elastic Price Performance

Shares of NYSE ESTC traded down $3.13 during mid-day trading on Thursday, reaching $83.45. The company’s stock had a trading volume of 2,100,369 shares, compared to its average volume of 2,176,438. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.81 and a quick ratio of 1.81. Elastic N.V. has a 52 week low of $42.05 and a 52 week high of $108.00. The stock has a fifty day moving average of $73.76 and a two-hundred day moving average of $60.74. The firm has a market capitalization of $8.76 billion, a PE ratio of 23.38, a P/E/G ratio of 8.56 and a beta of 1.03.

Elastic (NYSE:ESTC) last issued its earnings results on Thursday, August 27th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.12. Elastic had a negative return on equity of 0.35% and a net margin of 20.84%.The company had revenue of $478.11 million for the quarter, compared to the consensus estimate of $469.75 million. During the same quarter last year, the company earned $0.60 EPS. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. 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 anticipate that Elastic N.V. will post 0.56 EPS for the current fiscal year.

Analysts Set New Price Targets

ESTC has been the topic of several research analyst reports. Barclays boosted their target price on shares of Elastic from $68.00 to $94.00 and gave the stock an “overweight” rating in a report on Monday, August 24th. Royal Bank Of Canada raised their target price on shares of Elastic from $70.00 to $87.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Wells Fargo & Company lifted their price target on shares of Elastic from $60.00 to $80.00 and gave the company an “equal weight” rating in a report on Tuesday, August 25th. Jefferies Financial Group boosted their price target on shares of Elastic from $100.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, August 28th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Elastic from $93.00 to $105.00 and gave the company an “overweight” rating in a 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 assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.12.

Institutional Investors Weigh In On Elastic

Several large investors have recently bought and sold shares of the business. Bessemer Group Inc. purchased a new stake in Elastic during the first quarter valued at $25,000. Basecamp Wealth Advisors LLC purchased a new position in shares of Elastic in the 1st quarter worth $28,000. Geneos Wealth Management Inc. purchased a new position in Elastic in the second quarter worth about $31,000. Harbor Investment Advisory LLC bought a new position in shares of Elastic during the 2nd quarter valued at approximately $42,000. Finally, Aster Capital Management DIFC Ltd increased its position in Elastic by 206.1% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 551 shares of the company’s stock valued at $42,000 after acquiring an additional 371 shares during the last quarter. Institutional investors own 97.03% of the company’s stock.

About Elastic

Elastic N.V. develops search, observability and security software for organizations that need to find, analyze and act on data. Its core technology, Elasticsearch, is a distributed search and analytics engine that can process structured and unstructured information from applications, websites, logs and other sources.

The company offers its platform through Elastic Cloud, a managed cloud service available across major public-cloud environments, as well as through self-managed deployments.