Elastic (NYSE:ESTC) CAO Sells $66,913.44 in Stock

Elastic N.V. (NYSE:ESTC) CAO Jane Bone sold 1,104 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $60.61, for a total value of $66,913.44. Following the completion of the sale, the chief accounting officer directly owned 53,415 shares of the company’s stock, valued at approximately $3,237,483.15. This trade represents a 2.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Elastic Trading Up 0.2%

NYSE ESTC opened at $60.33 on Friday. Elastic N.V. has a 1-year low of $42.05 and a 1-year high of $96.07. The company has a current ratio of 1.68, a quick ratio of 1.82 and a debt-to-equity ratio of 0.45. The stock has a 50-day moving average of $52.80 and a 200-day moving average of $61.10. The firm has a market cap of $6.27 billion, a PE ratio of 17.24, a price-to-earnings-growth ratio of 19.91 and a beta of 1.00.

Elastic (NYSE:ESTC) last released its quarterly earnings results on Thursday, May 28th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.05. The business had revenue of $450.68 million during the quarter, compared to analyst estimates of $446.66 million. Elastic had a negative return on equity of 1.82% and a net margin of 21.14%.Elastic’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.47 EPS. Elastic has set its FY 2027 guidance at 3.210-3.290 EPS and its Q1 2027 guidance at 0.570-0.590 EPS. As a group, sell-side analysts forecast that Elastic N.V. will post 0.18 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on ESTC shares. Zacks Research lowered Elastic from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 28th. JPMorgan Chase & Co. lowered their price target on Elastic from $99.00 to $80.00 and set an “overweight” rating for the company in a research report on Wednesday, May 27th. Royal Bank Of Canada lowered their price target on Elastic from $80.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, April 16th. Citigroup upped their price target on Elastic from $95.00 to $104.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Finally, Cantor Fitzgerald lowered their price target on Elastic from $66.00 to $59.00 and set a “neutral” rating for the company in a research report on Tuesday, May 26th. Eighteen equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $80.04.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Orion Porfolio Solutions LLC raised its position in shares of Elastic by 1.4% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 8,593 shares of the company’s stock worth $726,000 after acquiring an additional 118 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Elastic by 17.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,159 shares of the company’s stock worth $98,000 after buying an additional 171 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Elastic by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 28,323 shares of the company’s stock worth $2,393,000 after buying an additional 175 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of Elastic by 6.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 3,020 shares of the company’s stock worth $260,000 after buying an additional 194 shares during the last quarter. Finally, California State Teachers Retirement System grew its stake in shares of Elastic by 0.3% in the 2nd quarter. California State Teachers Retirement System now owns 83,403 shares of the company’s stock worth $7,033,000 after buying an additional 219 shares during the last quarter. Institutional investors own 97.03% of the company’s stock.

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.