Insider Selling: Elastic (NYSE:ESTC) Director Sells $135,195,000.00 in Stock

Elastic N.V. (NYSE:ESTC) Director Steven Schuurman sold 1,500,000 shares of the company’s stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $90.13, for a total value of $135,195,000.00. Following the sale, the director owned 4,504,600 shares in the company, valued at $405,999,598. The trade was a 24.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Elastic Price Performance

Shares of NYSE ESTC opened at $95.34 on Friday. Elastic N.V. has a twelve month low of $42.05 and a twelve month high of $108.00. The company has a market cap of $10.01 billion, a PE ratio of 26.71, a price-to-earnings-growth ratio of 7.82 and a beta of 1.03. The business’s 50 day moving average price is $85.85 and its two-hundred day moving average price is $65.97. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.44.

Elastic (NYSE:ESTC) last posted its earnings results on Thursday, August 27th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.12. Elastic had a net margin of 20.84% and a negative return on equity of 0.35%. The company had revenue of $478.11 million during the quarter, compared to analysts’ expectations of $469.75 million. During the same quarter last year, the company posted $0.60 EPS. Elastic’s quarterly revenue was up 15.2% compared to the same quarter last year. 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, analysts predict that Elastic N.V. will post 0.65 EPS for the current year.

Institutional Trading of Elastic

Several large investors have recently made changes to their positions in ESTC. GAMMA Investing LLC raised its position in shares of Elastic by 61.9% during the third quarter. GAMMA Investing LLC now owns 1,470 shares of the company’s stock worth $135,000 after purchasing an additional 562 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Elastic by 49.8% in the third quarter. Farther Finance Advisors LLC now owns 1,709 shares of the company’s stock valued at $157,000 after purchasing an additional 568 shares in the last quarter. Artemis Investment Management LLP bought a new stake in Elastic during the third quarter worth $9,109,000. Ausbil Investment Management Ltd purchased a new position in Elastic during the 3rd quarter worth $679,000. Finally, Sequoia Financial Advisors LLC bought a new position in shares of Elastic during the second quarter valued at about $211,000. 97.03% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Elastic

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Elastic announced AlertZero, a team of specialized AI agents designed to support the security operations lifecycle. The offering reinforces Elastic’s strategy of using AI to automate threat detection, investigation and response. Elastic Announces AlertZero
• Positive Sentiment: The company unveiled a private preview of Elastic nightshift AI SRE, an AI agent for Observability that continuously investigates issues across an organization’s technology stack, tests multiple root-cause hypotheses and provides supporting context. The product could improve Elastic’s appeal to enterprises seeking automated IT operations and incident response. Elastic Introduces Elastic nightshift AI SRE
• Positive Sentiment: Gartner recognized Elastic as a Leader in Enterprise AI Search, citing its execution and vision and ranking it first or second across every evaluated use case. The endorsement may support customer acquisition and validate Elastic’s AI-search positioning. Elastic Gartner recognition
• Neutral Sentiment: Recent commentary is divided: one analysis describes Elastic as a potential AI software winner, while another argues that stronger customer commitments have not yet resolved the economics of the opportunity. A separate analysis warns that competitive pressure could offset AI-related growth. Elastic: The Next AI Software Winner
• Negative Sentiment: Insider selling represents a potential confidence signal for investors. CRO Mark Dodds sold 10,000 shares, while co-founder Steven Schuurman reportedly sold 1.5 million shares. These transactions do not necessarily indicate deteriorating fundamentals, but they add selling pressure after the stock’s strong advance. Steven Schuurman insider sale

Analysts Set New Price Targets

Several research firms have commented on ESTC. Bank of America raised their target price on shares of Elastic from $90.00 to $108.00 and gave the company a “neutral” rating in a report on Friday, August 28th. Royal Bank Of Canada increased their target price on shares of Elastic from $70.00 to $87.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Morgan Stanley raised their target price on shares of Elastic from $66.00 to $75.00 and gave the company an “equal weight” rating in a research report on Friday, August 28th. Guggenheim boosted their price objective on Elastic from $106.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, August 28th. Finally, Robert W. Baird upped their price target on Elastic from $95.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat.com, Elastic currently has an average rating of “Moderate Buy” and an average price target of $96.52.

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.