Elastic (NYSE:ESTC) Stock Keeps “Outperform” Rating at Wedbush

Elastic (NYSE:ESTC)‘s stock had its “outperform” rating reiterated by equities research analysts at Wedbush in a note issued to investors on Friday, Benzinga reports. They currently have a $125.00 price target on the stock. Wedbush’s target price would indicate a potential upside of 29.69% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. Bank of America upped their price target on shares of Elastic from $90.00 to $108.00 and gave the stock a “neutral” rating in a report on Friday, August 28th. Morgan Stanley lifted their price objective on shares of Elastic from $66.00 to $75.00 and gave the company an “equal weight” rating in a report on Friday, August 28th. Royal Bank Of Canada boosted their price objective on shares of Elastic from $70.00 to $87.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Robert W. Baird upped their target price on shares of Elastic from $95.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, August 28th. Finally, UBS Group raised their target price on shares of Elastic from $85.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, August 28th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $97.92.

Elastic Trading Up 1.2%

Shares of NYSE:ESTC traded up $1.13 during trading hours on Friday, hitting $96.39. 95,218 shares of the company’s stock traded hands, compared to its average volume of 2,127,948. The firm has a market capitalization of $10.12 billion, a P/E ratio of 27.08, a price-to-earnings-growth ratio of 7.82 and a beta of 1.03. The business has a fifty day moving average price of $85.85 and a 200-day moving average price of $65.97. Elastic has a 1 year low of $42.05 and a 1 year high of $108.00. 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 (NYSE:ESTC) last issued its quarterly earnings results on Thursday, August 27th. The company reported $0.70 earnings per share for the quarter, topping 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 firm had revenue of $478.11 million for the quarter, compared to the consensus estimate of $469.75 million. During the same period in the prior year, the business posted $0.60 earnings per share. The company’s revenue for the quarter 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. Equities analysts expect that Elastic will post 0.65 earnings per share for the current year.

Insider Activity

In other news, Director Steven Schuurman sold 1,500,000 shares of the business’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $90.13, for a total value of $135,195,000.00. Following the completion of the transaction, the director directly owned 4,504,600 shares of the company’s stock, valued at approximately $405,999,598. The trade was a 24.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Ashutosh Kulkarni sold 29,227 shares of the company’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $87.78, for a total value of $2,565,546.06. Following the sale, the chief executive officer owned 599,525 shares of the company’s stock, valued at $52,626,304.50. This trade represents a 4.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 2,585,641 shares of company stock worth $234,551,366. 12.70% of the stock is currently owned by company insiders.

Institutional Trading of Elastic

A number of institutional investors have recently modified their holdings of ESTC. GAMMA Investing LLC lifted its position in Elastic by 61.9% during the third quarter. GAMMA Investing LLC now owns 1,470 shares of the company’s stock valued at $135,000 after acquiring an additional 562 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Elastic by 49.8% in the third quarter. Farther Finance Advisors LLC now owns 1,709 shares of the company’s stock worth $157,000 after purchasing an additional 568 shares during the last quarter. Artemis Investment Management LLP acquired a new position in shares of Elastic during the third quarter worth $9,109,000. Ausbil Investment Management Ltd acquired a new position in shares of Elastic during the third quarter worth $679,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of Elastic during the 2nd quarter valued at $211,000. 97.03% of the stock is currently owned by institutional investors.

Trending Headlines about Elastic

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Analyst upgrades and price-target increases: Monness Crespi & Hardt upgraded Elastic from “neutral” to “buy” and set a $120 price target. Stifel Nicolaus also raised its target from $107 to $120 while maintaining a “buy” rating. The targets imply substantial upside from recent trading levels and provide a near-term boost to investor confidence. Ticker Report analyst upgrade
• Positive Sentiment: AI product expansion: Elastic announced AlertZero, a team of specialized AI agents designed to support the security-operations lifecycle. It also introduced the private preview of Elastic nightshift AI SRE, an observability agent that investigates technical issues, tests multiple root-cause hypotheses and uses broader telemetry context than traditional rule-based alerts. These launches reinforce Elastic’s strategy of monetizing AI across security and observability. AlertZero announcement Elastic nightshift AI SRE announcement
• Positive Sentiment: Industry recognition: Gartner named Elastic a Leader in its Magic Quadrant for Enterprise AI Search, citing the company’s ability to execute and completeness of vision. Elastic also ranked first or second across the evaluated use cases, supporting its credibility in the growing enterprise AI-search market. Gartner recognition
• Neutral Sentiment: Analyst commentary remains divided: some view Elastic as a potential AI software winner, while others argue that stronger customer commitments have not yet resolved the economics and that competitive friction could limit AI-driven gains. The next AI software winner Customer commitments and economics
• Negative Sentiment: Insider selling: Insider Mark Eugene Dodds sold 10,000 shares, while co-founder Steven Schuurman sold 1.5 million shares. Although insider transactions do not necessarily indicate deteriorating fundamentals, the larger sale may raise concerns about near-term supply and management’s view of valuation. Steven Schuurman insider sale Mark Eugene Dodds insider sale

Elastic Company Profile

Elastic N.V. (NYSE: ESTC) develops search, observability and security software for organizations that need to collect, analyze and act on large volumes of data. Its platform helps users search structured and unstructured information, monitor applications and infrastructure, detect security threats and build artificial intelligence-powered experiences.

The company’s principal offerings include Elasticsearch, its distributed search and analytics engine; Kibana, a visualization and data exploration interface; and Elastic Cloud, a managed cloud service for deploying Elastic products.