Elastic (NYSE:ESTC) CEO Ashutosh Kulkarni Sells 17,756 Shares of Stock

Elastic N.V. (NYSE:ESTC) CEO Ashutosh Kulkarni sold 17,756 shares of the firm’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $52.28, for a total transaction of $928,283.68. Following the completion of the transaction, the chief executive officer directly owned 409,145 shares of the company’s stock, valued at $21,390,100.60. This represents a 4.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Ashutosh Kulkarni also recently made the following trade(s):

• On Monday, December 15th, Ashutosh Kulkarni sold 5,000 shares of Elastic stock. The shares were sold at an average price of $74.60, for a total transaction of $373,000.00.

Elastic Stock Performance

Shares of ESTC opened at $51.77 on Wednesday. The company has a market cap of $5.36 billion, a PE ratio of -64.71, a price-to-earnings-growth ratio of 68.42 and a beta of 0.98. The firm has a 50-day moving average of $65.01 and a 200-day moving average of $76.63. Elastic N.V. has a one year low of $49.90 and a one year high of $103.79. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.82 and a quick ratio of 1.82.

Elastic (NYSE:ESTC) last issued its earnings results on Thursday, February 26th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.09. Elastic had a negative net margin of 5.04% and a negative return on equity of 2.34%. The company had revenue of $449.88 million for the quarter, compared to analysts’ expectations of $438.37 million. During the same period in the prior year, the firm earned $0.63 EPS. Elastic’s quarterly revenue was up 17.7% compared to the same quarter last year. Elastic has set its FY 2026 guidance at 2.500-2.540 EPS and its Q4 2026 guidance at 0.550-0.570 EPS. As a group, equities analysts forecast that Elastic N.V. will post -0.77 earnings per share for the current year.

Elastic News Roundup

Here are the key news stories impacting Elastic this week:

• Negative Sentiment: CEO Ashutosh Kulkarni sold 17,756 shares (~4.16% reduction in his position) for roughly $928,284; he still holds 409,145 shares. SEC Form 4 – Kulkarni
• Negative Sentiment: CTO Shay Banon sold 4,283 shares (0.10% reduction) for about $223,915; retains ~4.35M shares. SEC Form 4 – Banon
• Negative Sentiment: CRO Mark Eugene Dodds sold 3,723 shares (2.38% reduction) for about $194,638; holds 152,563 shares post-sale. SEC Form 4 – Dodds
• Negative Sentiment: Insider Ken Exner sold 4,310 shares (1.90% reduction) for about $225,327; retains 222,728 shares. SEC Form 4 – Exner
• Negative Sentiment: Carolyn Herzog sold 3,989 shares (4.47% reduction) for about $208,545; holds 85,335 shares after the sale. SEC Form 4 – Herzog
• Negative Sentiment: CFO Navam Welihinda sold 3,240 shares (2.62% reduction) for about $169,387; retains 120,634 shares. SEC Form 4 – Welihinda
• Negative Sentiment: CAO Jane E. Bone sold 887 shares (2.05% reduction) for about $46,372; holds 42,284 shares after the sale. SEC Form 4 – Bone

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Morgan Stanley dropped their price target on Elastic from $80.00 to $73.00 and set an “overweight” rating on the stock in a research note on Monday, March 2nd. Royal Bank Of Canada cut their target price on shares of Elastic from $115.00 to $95.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Bank of America decreased their price target on shares of Elastic from $111.00 to $90.00 and set a “neutral” rating on the stock in a research note on Friday, November 21st. Citigroup lowered their price target on shares of Elastic from $115.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Finally, DA Davidson reduced their price objective on Elastic from $80.00 to $65.00 and set a “neutral” rating for the company in a report on Monday, March 2nd. Seventeen research 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, Elastic presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.25.

Institutional Trading of Elastic

A number of institutional investors have recently modified their holdings of ESTC. AQR Capital Management LLC increased its position in shares of Elastic by 153.4% in the fourth quarter. AQR Capital Management LLC now owns 7,545,081 shares of the company’s stock worth $569,201,000 after purchasing an additional 4,567,720 shares during the period. FIL Ltd grew its stake in Elastic by 36.9% during the fourth quarter. FIL Ltd now owns 3,628,748 shares of the company’s stock worth $273,753,000 after buying an additional 977,578 shares in the last quarter. Alyeska Investment Group L.P. grew its stake in Elastic by 490.4% during the third quarter. Alyeska Investment Group L.P. now owns 1,113,503 shares of the company’s stock worth $94,080,000 after buying an additional 924,911 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Elastic by 7.4% in the 3rd quarter. Vanguard Group Inc. now owns 10,206,204 shares of the company’s stock valued at $862,322,000 after buying an additional 705,991 shares in the last quarter. Finally, Qube Research & Technologies Ltd lifted its holdings in shares of Elastic by 302.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 932,630 shares of the company’s stock worth $78,649,000 after acquiring an additional 700,697 shares during the period. 97.03% of the stock is currently owned by institutional investors.

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.