Elastic N.V. (NYSE:ESTC – Get Free Report) CAO Jane Bone sold 1,542 shares of the stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $87.78, for a total transaction of $135,356.76. Following the completion of the transaction, the chief accounting officer owned 47,697 shares of the company’s stock, valued at approximately $4,186,842.66. This represents a 3.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Elastic Price Performance
NYSE:ESTC opened at $83.44 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.81 and a current ratio of 1.81. The company has a 50-day moving average of $74.79 and a 200-day moving average of $61.07. Elastic N.V. has a 52 week low of $42.05 and a 52 week high of $108.00. The company has a market capitalization of $8.76 billion, a price-to-earnings ratio of 23.37, a PEG ratio of 8.08 and a beta of 1.03.
Elastic (NYSE:ESTC – Get Free Report) last posted its earnings results on Thursday, August 27th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.12. The business had revenue of $478.11 million for the quarter, compared to analysts’ expectations of $469.75 million. Elastic had a net margin of 20.84% and a negative return on equity of 0.35%. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.60 earnings per share. Elastic has set its FY 2027 guidance at 3.290-3.370 EPS and its Q2 2027 guidance at 0.800-0.820 EPS. As a group, equities research analysts anticipate that Elastic N.V. will post 0.64 earnings per share for the current fiscal year.
Institutional Trading of Elastic
Elastic News Roundup
Here are the key news stories impacting Elastic this week:
- Positive Sentiment: Elastic introduced Elasticsearch Vector Database, a serverless offering designed for large-scale vector search and artificial-intelligence applications. The product is intended to simplify deployment, support hundreds of billions of vectors and strengthen Elastic’s position in the growing AI-search market. Elastic Introduces Serverless Vector Database
- Positive Sentiment: Wedbush began coverage with an “outperform” rating and a $125 price target, implying substantial upside from the recent trading level. The recommendation reflects optimism about Elastic’s AI, search and cloud growth opportunities.
- Positive Sentiment: Short interest dropped 39% between mid-August and August 31 to 3.87 million shares, or roughly 4.2% of shares outstanding. Reduced bearish positioning and only 1.1 days of short-interest coverage could provide technical support and limit short-selling pressure.
- Neutral Sentiment: Elastic’s latest quarterly results were strong, with $0.70 in adjusted EPS versus the $0.58 consensus and revenue of $478.1 million versus $469.8 million expected. Revenue grew 15.2% year over year, and fiscal 2027 EPS guidance was set at $3.29 to $3.37; however, these results were reported previously and may already be reflected in the stock’s valuation.
- Negative Sentiment: Several executives, including CEO Ashutosh Kulkarni, CFO Navam Welihinda, CRO Mark Dodds and CAO Jane Bone, sold shares on September 9. The sales totaled about 54,888 shares and $4.8 million, but were made to cover tax withholding on vested equity awards, making them less concerning than discretionary selling.
- Negative Sentiment: Repeated insider selling following a strong rally could still weigh on sentiment, particularly as investors assess whether the company’s AI-driven growth can justify its elevated valuation.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the company. Scotiabank upped their price target on Elastic from $58.00 to $84.00 and gave the company a “sector perform” rating in a research report on Friday, August 28th. Citigroup lifted their price objective on Elastic from $104.00 to $128.00 and gave the company a “buy” rating in a report on Friday, August 28th. TD Cowen boosted their target price on shares of Elastic from $55.00 to $70.00 and gave the company a “hold” rating in a research note on Tuesday, August 25th. Jefferies Financial Group upped their target price on shares of Elastic from $100.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, August 28th. Finally, Wall Street Zen cut shares of Elastic from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and thirteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Elastic presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.52.
Read Our Latest Analysis on ESTC
Elastic Company Profile
Elastic N.V. develops search, observability and security software for organizations that need to find, analyze and act on data. Its core technology, Elasticsearch, is a distributed search and analytics engine that can process structured and unstructured information from applications, websites, logs and other sources.
The company offers its platform through Elastic Cloud, a managed cloud service available across major public-cloud environments, as well as through self-managed deployments.
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