Elastic (NYSE:ESTC) Issues Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Elastic (NYSE:ESTC) announced its quarterly earnings results on Thursday. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.05, FiscalAI reports. The firm had revenue of $450.68 million during the quarter, compared to the consensus estimate of $446.66 million. Elastic had a negative return on equity of 2.34% and a negative net margin of 5.04%.

Elastic Stock Performance

Shares of NYSE:ESTC traded up $3.58 during trading hours on Thursday, hitting $57.48. The stock had a trading volume of 6,092,483 shares, compared to its average volume of 2,028,357. The stock’s fifty day simple moving average is $50.16 and its 200 day simple moving average is $63.05. Elastic has a 1-year low of $42.05 and a 1-year high of $96.07. The firm has a market capitalization of $5.95 billion, a price-to-earnings ratio of -71.85, a PEG ratio of 102.95 and a beta of 0.88. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.82 and a current ratio of 1.82.

Key Elastic News

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Elastic reported fiscal fourth-quarter EPS of $0.61, topping the consensus estimate of $0.56, while revenue of $450.68 million also came in slightly above expectations. Press Release
• Positive Sentiment: Revenue grew 16% year over year in the quarter, with subscription revenue rising 17%, signaling continued demand for Elastic’s search and AI platform. Elastic Reports Fourth Quarter and Fiscal 2026 Financial Results
• Neutral Sentiment: Several broker notes were mixed ahead of the report, with Oppenheimer and Rosenblatt maintaining bullish views, while JPMorgan trimmed its price target to $80 from $99 but kept an overweight rating. Oppenheimer Reiterates Buy Rating on Elastic N.V. (ESTC)
• Neutral Sentiment: Elastic still reported negative net margin and negative return on equity, so investors may remain focused on whether revenue growth can eventually translate into sustained profitability.

Analysts Set New Price Targets

A number of research firms have weighed in on ESTC. Canaccord Genuity Group decreased their price objective on shares of Elastic from $115.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, February 27th. William Blair began coverage on shares of Elastic in a research report on Friday, May 22nd. They set an “outperform” rating on the stock. Oppenheimer reduced their price target on shares of Elastic from $100.00 to $85.00 and set an “outperform” rating on the stock in a research report on Friday, February 27th. Cantor Fitzgerald reduced their price target on shares of Elastic from $66.00 to $59.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, Truist Financial reduced their price target on shares of Elastic from $105.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Eighteen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $86.96.

Insider Buying and Selling

In related news, insider Carolyn Herzog sold 3,989 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $52.28, for a total transaction of $208,544.92. Following the transaction, the insider owned 85,335 shares in the company, valued at $4,461,313.80. This trade represents a 4.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Mark Eugene Dodds sold 3,723 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $52.28, for a total transaction of $194,638.44. Following the transaction, the executive owned 152,563 shares in the company, valued at $7,975,993.64. This represents a 2.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 38,188 shares of company stock valued at $1,996,469 in the last ninety days. Insiders own 12.70% of the company’s stock.

Institutional Trading of Elastic

Large investors have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. acquired a new position in Elastic in the 2nd quarter worth approximately $31,000. Aster Capital Management DIFC Ltd boosted its stake in Elastic by 206.1% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 551 shares of the company’s stock worth $42,000 after purchasing an additional 371 shares during the period. Quarry LP boosted its stake in shares of Elastic by 16,200.0% during the 4th quarter. Quarry LP now owns 652 shares of the company’s stock valued at $49,000 after buying an additional 648 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of Elastic during the 4th quarter valued at $49,000. Finally, Larson Financial Group LLC boosted its stake in shares of Elastic by 1,347.1% during the 3rd quarter. Larson Financial Group LLC now owns 738 shares of the company’s stock valued at $62,000 after buying an additional 687 shares during the period. 97.03% of the stock is currently owned by institutional investors.

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.