Elastic (NYSE:ESTC) Releases FY 2027 Earnings Guidance

Elastic (NYSE:ESTC) updated its FY 2027 earnings guidance on Thursday. The company provided earnings per share guidance of 3.210-3.290 for the period, compared to the consensus earnings per share estimate of 2.280. The company issued revenue guidance of $2.0 billion-$2.0 billion, compared to the consensus revenue estimate of $2.0 billion. Elastic also updated its Q1 2027 guidance to 0.570-0.590 EPS.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ESTC. Rothschild & Co Redburn began coverage on shares of Elastic in a research note on Thursday, April 23rd. They issued a “neutral” rating and a $49.00 price target on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Elastic from $99.00 to $80.00 and set an “overweight” rating for the company in a report on Wednesday. Royal Bank Of Canada lowered their price target on shares of Elastic from $80.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, April 16th. The Goldman Sachs Group began coverage on shares of Elastic in a report on Tuesday, April 21st. They issued a “neutral” rating and a $50.00 target price for the company. Finally, Cantor Fitzgerald lowered their target price on shares of Elastic from $66.00 to $59.00 and set a “neutral” rating for the company in a report on Tuesday. Eighteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.96.

Elastic Stock Performance

ESTC stock traded up $3.58 on Thursday, hitting $57.48. The company’s stock had a trading volume of 6,254,347 shares, compared to its average volume of 2,035,554. The stock has a market cap of $5.95 billion, a price-to-earnings ratio of -71.85, a price-to-earnings-growth ratio of 102.95 and a beta of 0.88. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.72. Elastic has a 1 year low of $42.05 and a 1 year high of $96.07. The firm has a 50 day moving average of $50.16 and a two-hundred day moving average of $63.05.

Elastic (NYSE:ESTC) last announced its quarterly earnings data on Thursday, May 28th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.05. The company had revenue of $450.68 million during the quarter, compared to the consensus estimate of $446.66 million. Elastic had a negative net margin of 5.04% and a negative return on equity of 2.34%. Elastic has set its FY 2027 guidance at 3.210-3.290 EPS and its Q1 2027 guidance at 0.570-0.590 EPS. Equities analysts predict that Elastic will post 0.04 EPS for the current fiscal year.

Insider Activity at Elastic

In other Elastic news, CEO Ashutosh Kulkarni sold 17,756 shares of the company’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 owned 409,145 shares in the company, valued at approximately $21,390,100.60. This represents a 4.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ken Exner sold 4,310 shares of the company’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $52.28, for a total transaction of $225,326.80. Following the transaction, the insider owned 222,728 shares of the company’s stock, valued at approximately $11,644,219.84. The trade was a 1.90% 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 worth $1,996,469 in the last 90 days. Corporate insiders own 12.70% of the company’s stock.

Key Stories Impacting Elastic

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.

Institutional Investors Weigh In On Elastic

Hedge funds have recently modified their holdings of the company. Geneos Wealth Management Inc. purchased a new position in shares of Elastic during the 2nd quarter worth about $31,000. Aster Capital Management DIFC Ltd lifted its holdings in shares of Elastic by 206.1% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 551 shares of the company’s stock worth $42,000 after acquiring an additional 371 shares during the period. Kestra Advisory Services LLC purchased a new position in shares of Elastic during the 4th quarter worth about $49,000. Quarry LP lifted its holdings in shares of Elastic by 16,200.0% during the 4th quarter. Quarry LP now owns 652 shares of the company’s stock worth $49,000 after acquiring an additional 648 shares during the period. Finally, Empowered Funds LLC purchased a new position in shares of Elastic during the 4th quarter worth about $62,000. 97.03% of the stock is owned by institutional investors and hedge funds.

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.