Elastic N.V. (NYSE:ESTC) Receives $102.17 Consensus Price Target from Brokerages

Shares of Elastic N.V. (NYSE:ESTC) have been given a consensus rating of “Moderate Buy” by the twenty-nine analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and seventeen have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $96.1667.

A number of analysts have recently weighed in on the stock. TD Cowen reiterated a “hold” rating on shares of Elastic in a report on Monday. Rosenblatt Securities reduced their price target on Elastic from $130.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, January 30th. Guggenheim reiterated a “buy” rating and issued a $116.00 price objective on shares of Elastic in a report on Wednesday, February 18th. Wedbush cut their price objective on Elastic from $110.00 to $90.00 and set an “outperform” rating on the stock in a research report on Friday, November 21st. Finally, Morgan Stanley set a $80.00 target price on Elastic in a research note on Thursday, February 19th.

Insider Buying and Selling at Elastic

In other news, CRO Mark Eugene Dodds sold 5,800 shares of Elastic stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $74.60, for a total transaction of $432,680.00. Following the sale, the executive owned 161,484 shares of the company’s stock, valued at approximately $12,046,706.40. The trade was a 3.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Paul R. Auvil III purchased 10,000 shares of Elastic stock in a transaction that occurred on Monday, December 1st. The shares were bought at an average price of $71.02 per share, for a total transaction of $710,200.00. Following the transaction, the director directly owned 37,956 shares of the company’s stock, valued at $2,695,635.12. This trade represents a 35.77% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders sold 61,828 shares of company stock worth $4,641,010. 12.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Elastic

Several hedge funds have recently bought and sold shares of ESTC. Sound Income Strategies LLC purchased a new stake in Elastic in the fourth quarter worth about $25,000. Geneos Wealth Management Inc. bought a new stake in shares of Elastic in the 2nd quarter worth approximately $31,000. Huntington National Bank grew its stake in shares of Elastic by 97.5% in the 2nd quarter. Huntington National Bank now owns 468 shares of the company’s stock worth $39,000 after buying an additional 231 shares during the last quarter. Plato Investment Management Ltd bought a new position in Elastic during the 2nd quarter valued at approximately $40,000. Finally, Activest Wealth Management raised its stake in Elastic by 3,181.3% during 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 last quarter. Institutional investors own 97.03% of the company’s stock.

Elastic Stock Down 15.5%

Shares of Elastic stock opened at $52.04 on Wednesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.97 and a current ratio of 1.97. Elastic has a 52-week low of $49.90 and a 52-week high of $117.49. The company’s 50 day moving average price is $68.42 and its 200-day moving average price is $77.82. The stock has a market capitalization of $5.48 billion, a price-to-earnings ratio of -65.05, a P/E/G ratio of 250.50 and a beta of 0.93.

Elastic (NYSE:ESTC) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.09. The business had revenue of $449.88 million during the quarter, compared to analysts’ expectations of $438.37 million. Elastic had a negative net margin of 5.04% and a negative return on equity of 2.25%. The firm’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.63 EPS. Elastic has set its FY 2026 guidance at 2.500-2.540 EPS and its Q4 2026 guidance at 0.550-0.570 EPS. Equities research analysts forecast that Elastic will post -0.77 EPS for the current year.

Key Headlines Impacting Elastic

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Company beat revenue expectations and reported 18% year‑over‑year revenue growth; management emphasized AI expansion and subscription growth, which supports longer‑term demand assumptions. Elastic Reports Third Quarter Fiscal 2026 Financial Results
• Positive Sentiment: Management raised forward guidance sharply: FY26 and Q4 EPS guidance well above Street consensus and revenue guidance roughly in line — a sign the company expects stronger profitability going forward (this is a bullish catalyst if execution continues). Elastic Reports Third Quarter Fiscal 2026 Financial Results
• Neutral Sentiment: Detailed materials and call transcripts were published (earnings deck and conference call transcripts) — useful for investors who want to dig into non‑GAAP vs GAAP items, margin drivers, and AI product commentary. Q3 2026 Earnings Call Transcript
• Negative Sentiment: Market reaction focused on an apparent earnings/methodology gap: some reports showed adjusted profits above estimates while GAAP/other EPS metrics missed — this disconnect likely triggered selling despite the revenue beat. Elastic Q3 Results and Transcript (MarketBeat)
• Negative Sentiment: Multiple sell‑side firms cut price targets this morning (Canaccord, Wells Fargo, Truist, Piper Sandler, Oppenheimer, Barclays), reducing near‑term analyst support and dragging sentiment lower. The coordinated downgrades are a primary driver of the intraday selloff. Analyst price target updates (Benzinga)
• Negative Sentiment: News coverage highlights that shares fell sharply despite beating revenue estimates — suggesting investors are focused on margins, EPS presentation, and the quick profit‑taking after recent gains. Elastic shares tumble despite beating third quarter estimates

About Elastic

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.