Elastic (NYSE:ESTC) Stock Rating Reaffirmed as Outperform by Wedbush

Elastic (NYSE:ESTC)‘s stock had its “outperform” rating reaffirmed by analysts at Wedbush in a research report issued to clients and investors on Friday, Benzinga reports. They currently have a $125.00 price objective on the stock. Wedbush’s target price would suggest a potential upside of 28.11% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. DA Davidson increased their price target on Elastic from $60.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, August 26th. Monness Crespi & Hardt upgraded shares of Elastic from a “neutral” rating to a “buy” rating and set a $120.00 price objective for the company in a research note on Friday. Cantor Fitzgerald reiterated a “neutral” rating and set a $100.00 target price on shares of Elastic in a research report on Wednesday, September 23rd. Robert W. Baird increased 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, 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 research note on Tuesday, August 25th. One research 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 stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $97.92.

Elastic Trading Up 2.4%

Elastic stock traded up $2.31 during trading hours on Friday, reaching $97.57. 275,946 shares of the company’s stock were exchanged, compared to its average volume of 2,129,063. The firm’s 50 day simple moving average is $85.85 and its 200 day simple moving average is $65.97. Elastic has a twelve month low of $42.05 and a twelve month high of $108.00. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $10.24 billion, a PE ratio of 27.33, a PEG ratio of 7.82 and a beta of 1.03.

Elastic (NYSE:ESTC) last announced its quarterly earnings data 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. 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 period in the previous year, the business earned $0.60 EPS. The firm’s revenue was up 15.2% compared to the same quarter last year. Elastic has set its FY 2027 guidance at 3.290-3.370 EPS and its Q2 2027 guidance at 0.800-0.820 EPS. Research analysts predict that Elastic will post 0.65 earnings per share for the current year.

Insider Buying and Selling at Elastic

In other Elastic news, insider Carolyn Herzog sold 5,485 shares of the company’s stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $87.78, for a total transaction of $481,473.30. Following the transaction, the insider 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 filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Shay Banon sold 84,207 shares of Elastic stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $84.64, for a total transaction of $7,127,280.48. Following the transaction, the chief technology officer owned 3,910,563 shares of the company’s stock, valued at $330,990,052.32. This represents a 2.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,585,641 shares of company stock worth $234,551,366 in the last ninety days. 12.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Elastic

Institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC lifted its stake in Elastic by 61.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,470 shares of the company’s stock valued at $135,000 after acquiring an additional 562 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Elastic by 49.8% during the third quarter. Farther Finance Advisors LLC now owns 1,709 shares of the company’s stock valued at $157,000 after purchasing an additional 568 shares in the last quarter. Artemis Investment Management LLP bought a new position in shares of Elastic during the third quarter valued at about $9,109,000. Ausbil Investment Management Ltd purchased a new position in Elastic during the third quarter worth about $679,000. Finally, Sequoia Financial Advisors LLC bought a new stake in Elastic in the 2nd quarter worth about $211,000. 97.03% of the stock is owned by hedge funds and other institutional investors.

More Elastic News

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Elastic launched Elastic nightshift AI SRE, now in private preview. The agent continuously detects and investigates issues across an organization’s technology stack, tests multiple root-cause hypotheses, and provides full investigative context. The product could strengthen Elastic’s position in AI-powered observability and create additional enterprise demand. Elastic Launches AI SRE to Investigate Issues With Full Context
• Positive Sentiment: The company announced AlertZero, a team of specialized AI agents designed to support the security operations lifecycle. The offering expands Elastic’s AI strategy beyond search and observability into automated security workflows. Elastic Announces AlertZero
• Positive Sentiment: Wedbush reaffirmed an Outperform rating and a $125 price target. Monness Crespi & Hardt upgraded Elastic from Neutral to Buy with a $120 target, while Stifel raised its target from $107 to $120 and maintained a Buy rating. These targets imply roughly 24%–29% potential upside from recent trading levels.
• Positive Sentiment: Gartner recognized Elastic as a Leader in Enterprise AI Search, citing strong execution and vision and ranking the company first or second across every evaluated use case. The recognition may improve enterprise credibility and support sales momentum. Elastic Recognized as a Leader in the Gartner Magic Quadrant
• Neutral Sentiment: Recent analyst commentary remains divided: some see Elastic as a leading AI software beneficiary, while others argue that competitive pressure and uncertain customer economics could limit the near-term benefit of its AI investments.
• Negative Sentiment: Insiders reported sizable share sales, including Steven Schuurman’s sale of 1.5 million shares and Mark Eugene Dodds’ sale of 10,000 shares. These transactions may weigh on sentiment, although insider selling does not necessarily indicate a change in business fundamentals.

About Elastic

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.