Elastic N.V. (NYSE:ESTC) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Elastic N.V. (NYSE:ESTC) have been assigned an average recommendation of “Moderate Buy” from the thirty research firms that are covering the firm, MarketBeat.com reports. Thirteen equities research analysts have rated the stock with a hold recommendation and seventeen have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $78.7778.

ESTC has been the topic of several analyst reports. Stifel Nicolaus set a $65.00 target price on shares of Elastic in a report on Friday, May 29th. UBS Group reiterated a “buy” rating and set a $85.00 price target on shares of Elastic in a report on Friday, May 29th. Rothschild & Co Redburn assumed coverage on shares of Elastic in a research report on Thursday, April 23rd. They issued a “neutral” rating and a $49.00 price objective on the stock. Cantor Fitzgerald restated a “neutral” rating and issued a $59.00 price objective on shares of Elastic in a report on Thursday, June 25th. Finally, William Blair began coverage on shares of Elastic in a research report on Friday, May 22nd. They set an “outperform” rating for the company.

Elastic Price Performance

Shares of NYSE ESTC opened at $64.38 on Friday. The stock’s 50-day moving average is $59.89 and its two-hundred day moving average is $57.48. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.68 and a quick ratio of 1.68. Elastic has a 1-year low of $42.05 and a 1-year high of $96.07. The company has a market cap of $6.69 billion, a price-to-earnings ratio of 18.39, a price-to-earnings-growth ratio of 14.06 and a beta of 1.00.

Elastic (NYSE:ESTC) last announced its quarterly earnings data on Thursday, May 28th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.05. Elastic had a negative return on equity of 1.82% and a net margin of 21.14%.The business had revenue of $450.68 million during the quarter, compared to analysts’ expectations of $446.66 million. During the same quarter last year, the business posted $0.47 EPS. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. Elastic has set its FY 2027 guidance at 3.210-3.290 EPS and its Q1 2027 guidance at 0.570-0.590 EPS. Analysts forecast that Elastic will post 0.26 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CTO Shay Banon sold 9,288 shares of the company’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $60.61, for a total transaction of $562,945.68. Following the completion of the transaction, the chief technology officer directly owned 4,417,140 shares of the company’s stock, valued at approximately $267,722,855.40. This represents a 0.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Carolyn Herzog sold 9,485 shares of the stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $60.61, for a total value of $574,885.85. Following the completion of the transaction, the insider owned 128,439 shares in the company, valued at approximately $7,784,687.79. The trade was a 6.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 110,099 shares of company stock valued at $6,673,100 over the last 90 days. 12.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Elastic

Institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC boosted its holdings in Elastic by 153.4% in the fourth quarter. AQR Capital Management LLC now owns 7,545,081 shares of the company’s stock valued at $569,201,000 after purchasing an additional 4,567,720 shares in the last quarter. First Trust Advisors LP raised its holdings in Elastic by 516.1% during the first quarter. First Trust Advisors LP now owns 2,627,636 shares of the company’s stock worth $131,356,000 after purchasing an additional 2,201,140 shares in the last quarter. Pictet Asset Management Holding SA lifted its position in shares of Elastic by 43.2% during the 1st quarter. Pictet Asset Management Holding SA now owns 6,492,717 shares of the company’s stock worth $324,550,000 after buying an additional 1,958,219 shares during the last quarter. FIL Ltd lifted its position in shares of Elastic by 36.9% during the 4th 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 during the last quarter. Finally, Alyeska Investment Group L.P. boosted its holdings in shares of Elastic by 490.4% in the 3rd quarter. Alyeska Investment Group L.P. now owns 1,113,503 shares of the company’s stock valued at $94,080,000 after buying an additional 924,911 shares in the last quarter. Hedge funds and other 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.