Barclays Issues Pessimistic Forecast for Elastic (NYSE:ESTC) Stock Price

Elastic (NYSE:ESTC) had its price objective dropped by stock analysts at Barclays from $78.00 to $76.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 40.35% from the stock’s previous close.

Several other research firms have also weighed in on ESTC. Jefferies Financial Group dropped their price objective on shares of Elastic from $105.00 to $95.00 and set a “buy” rating on the stock in a research note on Monday, January 5th. Stifel Nicolaus cut their target price on Elastic from $134.00 to $108.00 and set a “buy” rating on the stock in a report on Friday, November 21st. Cantor Fitzgerald lowered their price objective on Elastic from $94.00 to $85.00 and set a “neutral” rating on the stock in a report on Friday, November 21st. Weiss Ratings restated a “sell (d)” rating on shares of Elastic in a report on Wednesday, January 21st. Finally, Guggenheim reaffirmed a “buy” rating and set a $116.00 target price on shares of Elastic in a research report on Wednesday, February 18th. Seventeen analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $101.17.

Elastic Price Performance

Shares of NYSE:ESTC traded down $7.43 on Friday, reaching $54.15. 2,356,914 shares of the company traded hands, compared to its average volume of 1,911,879. The company’s 50 day moving average is $68.90 and its 200-day moving average is $77.96. The stock has a market capitalization of $5.71 billion, a PE ratio of -52.66, a P/E/G ratio of 235.94 and a beta of 0.93. Elastic has a fifty-two week low of $49.90 and a fifty-two week high of $117.49. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.97 and a quick ratio of 1.97.

Insider Transactions at Elastic

In other Elastic news, insider Ken Exner sold 6,544 shares of the business’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $75.05, for a total transaction of $491,127.20. Following the sale, the insider owned 227,038 shares of the company’s stock, valued at approximately $17,039,201.90. The trade was a 2.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Jane E. Bone sold 1,187 shares of the business’s stock in a transaction on Friday, January 9th. The stock was sold at an average price of $80.31, for a total value of $95,327.97. Following the sale, the chief accounting officer owned 43,171 shares in the company, valued at $3,467,063.01. This represents a 2.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 61,828 shares of company stock valued at $4,641,010. Corporate insiders own 12.70% of the company’s stock.

Hedge Funds 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 position in shares of Elastic during the fourth quarter worth $25,000. Geneos Wealth Management Inc. acquired a new position in Elastic during the 2nd quarter worth about $31,000. Huntington National Bank grew its position in shares of Elastic by 97.5% in the 2nd quarter. Huntington National Bank now owns 468 shares of the company’s stock valued at $39,000 after buying an additional 231 shares during the last quarter. Plato Investment Management Ltd bought a new stake in shares of Elastic in the 2nd quarter valued at about $40,000. Finally, Activest Wealth Management increased its stake in shares of Elastic by 3,181.3% in the fourth quarter. Activest Wealth Management now owns 525 shares of the company’s stock valued at $40,000 after buying an additional 509 shares during the period. 97.03% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Elastic

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Company beat on revenue and subscription growth — Q3 revenue was about $450M, up ~18% year-over-year, and subscription revenue rose ~19%, showing continued demand for its Search AI platform. BusinessWire: Q3 Results
• Positive Sentiment: Management raised forward guidance materially — Q4 EPS guide and full‑year FY2026 EPS guidance were well above Street estimates (company gave Q4 EPS and FY EPS ranges that exceeded consensus), signaling stronger expected profitability going forward. BusinessWire: Guidance
• Positive Sentiment: Management emphasized AI expansion and product momentum on the earnings call, which could support longer‑term revenue upside as customers adopt Search AI features. Yahoo: Earnings Highlights
• Neutral Sentiment: Full earnings/management discussion is available in the Q3 call transcript for investors wanting detail on margins, churn, and product metrics. Seeking Alpha: Call Transcript
• Negative Sentiment: GAAP profitability disappointed — one report shows GAAP EPS missed consensus (reported around -$0.03 vs. expectations), and the company still posts negative net margin and negative return on equity, which worried investors. MarketBeat: Earnings Snapshot
• Negative Sentiment: Market punished the stock despite revenue outperformance and raised guidance — coverage notes and headlines report a sharp drop after the print, signaling investors were focused on profitability, GAAP miss, or near‑term execution risks. Investing.com: Shares Tumble

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.