Elastic (NYSE:ESTC) Updates FY 2026 Earnings Guidance

Elastic (NYSE:ESTC) issued an update on its FY 2026 earnings guidance on Saturday morning. The company provided earnings per share (EPS) guidance of 2.400-2.46 for the period, compared to the consensus estimate of 1.380. The company issued revenue guidance of $1.7 billion-$1.7 billion, compared to the consensus revenue estimate of $1.7 billion.

Elastic Stock Performance

Shares of ESTC opened at $74.76 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.97 and a current ratio of 1.97. The stock has a market capitalization of $7.88 billion, a price-to-earnings ratio of -72.58 and a beta of 0.97. Elastic has a 52-week low of $68.10 and a 52-week high of $118.84. The stock’s 50-day simple moving average is $83.32 and its 200 day simple moving average is $84.22.

Elastic (NYSE:ESTC) last released its quarterly earnings data on Thursday, November 20th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.06. The company had revenue of $423.48 million during the quarter, compared to analyst estimates of $418.27 million. Elastic had a negative net margin of 6.79% and a negative return on equity of 2.02%. Elastic’s revenue was up 15.9% compared to the same quarter last year. During the same period last year, the business earned $0.59 earnings per share. Elastic has set its Q3 2026 guidance at 0.630-0.65 EPS. Research analysts forecast that Elastic will post -0.77 EPS for the current fiscal year.

Elastic declared that its board has authorized a stock repurchase program on Thursday, October 9th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ESTC shares. Zacks Research lowered Elastic from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 26th. JPMorgan Chase & Co. cut their price objective on Elastic from $120.00 to $113.00 and set an “overweight” rating for the company in a report on Friday, November 21st. Scotiabank decreased their price objective on shares of Elastic from $90.00 to $76.00 and set a “sector perform” rating on the stock in a research report on Friday, November 21st. Stifel Nicolaus dropped their target price on shares of Elastic from $134.00 to $108.00 and set a “buy” rating for the company in a research report on Friday, November 21st. Finally, Mizuho increased their price target on shares of Elastic from $100.00 to $119.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Seventeen analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Elastic presently has a consensus rating of “Moderate Buy” and an average target price of $107.25.

Insider Buying and Selling at Elastic

In other news, CFO Navam Welihinda sold 1,256 shares of Elastic stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $84.58, for a total value of $106,232.48. Following the transaction, the chief financial officer owned 129,247 shares in the company, valued at approximately $10,931,711.26. The trade was a 0.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Carolyn Herzog sold 5,143 shares of the firm’s stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $90.12, for a total value of $463,487.16. Following the transaction, the insider owned 94,677 shares in the company, valued at approximately $8,532,291.24. The trade was a 5.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 252,042 shares of company stock valued at $22,667,394. 12.70% of the stock is currently owned by insiders.

Institutional Trading of Elastic

Large investors have recently modified their holdings of the business. Geneos Wealth Management Inc. purchased a new stake in Elastic in the 2nd quarter worth approximately $31,000. Larson Financial Group LLC increased its stake in shares of Elastic by 1,347.1% during the third quarter. Larson Financial Group LLC now owns 738 shares of the company’s stock valued at $62,000 after buying an additional 687 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Elastic by 17.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,159 shares of the company’s stock valued at $98,000 after acquiring an additional 171 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in Elastic in the third quarter worth $118,000. Finally, Headlands Technologies LLC bought a new position in Elastic in the 2nd quarter worth $135,000. 97.03% of the stock is owned by institutional investors.

Elastic Company Profile

Elastic N.V., a data analytics company, delivers solutions designed to run in public or private clouds in multi-cloud environments. It primarily offers Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as performs search, analysis, and visualization on that data.