Elastic N.V. (ESTC) – What Are Investment Firms Thinking About This Stock?

Shares of Elastic N.V. (NYSE:ESTC) have received a consensus recommendation of “Moderate Buy” from the twenty-nine analysts that are covering the stock, MarketBeat Ratings reports. Twelve research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $97.92.

Several analysts recently issued reports on ESTC shares. Piper Sandler reiterated a “hold” rating on shares of Elastic in a report on Friday, August 28th. Zacks Research upgraded Elastic from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 28th. Wedbush restated an “outperform” rating and issued a $125.00 price target on shares of Elastic in a research note on Friday, October 9th. Stifel Nicolaus boosted their price target on Elastic from $107.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, October 9th. Finally, Guggenheim boosted their price target on Elastic from $106.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, August 28th.

Insider Buying and Selling

In related news, CRO Mark Dodds sold 10,000 shares of the business’s stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $92.58, for a total transaction of $925,800.00. Following the transaction, the executive directly owned 278,538 shares in the company, valued at approximately $25,787,048.04. The trade was a 3.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Jane E. Bone sold 1,542 shares of the company’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $87.78, for a total transaction of $135,356.76. Following the sale, the chief accounting officer directly owned 47,697 shares in the company, valued at $4,186,842.66. This trade represents a 3.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 4,585,641 shares of company stock worth $422,851,366 in the last quarter. 12.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. 180 Wealth Advisors LLC raised its holdings in shares of Elastic by 4.6% in the 2nd quarter. 180 Wealth Advisors LLC now owns 6,027 shares of the company’s stock valued at $344,000 after purchasing an additional 263 shares during the period. HB Wealth Management LLC lifted its stake in Elastic by 11.2% in the 1st quarter. HB Wealth Management LLC now owns 4,363 shares of the company’s stock valued at $218,000 after purchasing an additional 441 shares during the last quarter. Fortitude Family Office LLC lifted its stake in Elastic by 303.7% in the 3rd quarter. Fortitude Family Office LLC now owns 650 shares of the company’s stock valued at $60,000 after purchasing an additional 489 shares during the last quarter. Bessemer Group Inc. acquired a new stake in Elastic in the 1st quarter valued at about $25,000. Finally, Basecamp Wealth Advisors LLC acquired a new stake in Elastic in the 1st quarter valued at about $28,000. Institutional investors own 97.03% of the company’s stock.

Elastic Stock Down 2.6%

Shares of ESTC stock opened at $91.87 on Thursday. The firm’s fifty day moving average price is $87.94 and its two-hundred day moving average price is $67.21. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.44. Elastic has a 1 year low of $42.05 and a 1 year high of $108.00. The firm has a market capitalization of $9.65 billion, a P/E ratio of 25.73, a PEG ratio of 7.92 and a beta of 1.03.

Elastic (NYSE:ESTC) last posted its quarterly earnings data on Thursday, August 27th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.12. The company had revenue of $478.11 million during the quarter, compared to the consensus estimate of $469.75 million. Elastic had a net margin of 20.84% and a negative return on equity of 0.35%. The company’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.60 EPS. Elastic has set its FY 2027 guidance at 3.290-3.370 EPS and its Q2 2027 guidance at 0.800-0.820 EPS. On average, equities analysts predict that Elastic will post 0.65 EPS for the current fiscal year.

Elastic Company Profile

Elastic N.V. (NYSE: ESTC) develops search, observability and security software for organizations that need to collect, analyze and act on large volumes of data. Its platform helps users search structured and unstructured information, monitor applications and infrastructure, detect security threats and build artificial intelligence-powered experiences.

The company’s principal offerings include Elasticsearch, its distributed search and analytics engine; Kibana, a visualization and data exploration interface; and Elastic Cloud, a managed cloud service for deploying Elastic products.