Mark Eugene Dodds Sells 5,198 Shares of Elastic (NYSE:ESTC) Stock

Elastic N.V. (NYSE:ESTC) CRO Mark Eugene Dodds sold 5,198 shares of the firm’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $75.05, for a total transaction of $390,109.90. Following the transaction, the executive directly owned 156,286 shares of the company’s stock, valued at approximately $11,729,264.30. This represents a 3.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Mark Eugene Dodds also recently made the following trade(s):

• On Friday, December 5th, Mark Eugene Dodds sold 5,800 shares of Elastic stock. The shares were sold at an average price of $74.60, for a total transaction of $432,680.00.

Elastic Stock Up 5.5%

Shares of ESTC stock traded up $4.14 during trading hours on Wednesday, hitting $78.83. 2,207,160 shares of the company were exchanged, compared to its average volume of 1,786,393. The stock has a market capitalization of $8.31 billion, a price-to-earnings ratio of -76.54 and a beta of 0.97. Elastic N.V. has a one year low of $68.10 and a one year high of $118.84. The business’s 50-day simple moving average is $82.89 and its two-hundred day simple moving average is $83.86. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.97 and a current ratio of 1.97.

Elastic (NYSE:ESTC) last announced its quarterly earnings data on Thursday, November 20th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.06. Elastic had a negative return on equity of 2.02% and a negative net margin of 6.79%.The firm had revenue of $423.48 million for the quarter, compared to analysts’ expectations of $418.27 million. During the same quarter in the prior year, the firm posted $0.59 earnings per share. Elastic’s revenue for the quarter was up 15.9% compared to the same quarter last year. Elastic has set its Q3 2026 guidance at 0.630-0.65 EPS. Sell-side analysts predict that Elastic N.V. will post -0.77 EPS for the current fiscal year.

Elastic declared that its Board of Directors has initiated a stock buyback program on Thursday, October 9th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Institutional Trading of Elastic

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in Elastic by 7.4% in the third quarter. Vanguard Group Inc. now owns 10,206,204 shares of the company’s stock worth $862,322,000 after buying an additional 705,991 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Elastic by 62.5% during the third quarter. AQR Capital Management LLC now owns 2,977,361 shares of the company’s stock valued at $251,557,000 after purchasing an additional 1,145,146 shares during the last quarter. Voya Investment Management LLC boosted its position in shares of Elastic by 4.7% in the 3rd quarter. Voya Investment Management LLC now owns 1,781,925 shares of the company’s stock valued at $150,555,000 after purchasing an additional 79,465 shares during the period. State Street Corp increased its stake in Elastic by 4.0% in the 2nd quarter. State Street Corp now owns 1,574,525 shares of the company’s stock worth $132,780,000 after purchasing an additional 59,850 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Elastic by 3.6% during the 2nd quarter. Geode Capital Management LLC now owns 1,569,578 shares of the company’s stock worth $132,384,000 after buying an additional 54,812 shares during the period. 97.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. UBS Group decreased their price objective on shares of Elastic from $125.00 to $110.00 and set a “buy” rating for the company in a report on Friday, November 21st. JPMorgan Chase & Co. lowered their price objective on shares of Elastic from $120.00 to $113.00 and set an “overweight” rating for the company in a research report on Friday, November 21st. Scotiabank dropped 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 note on Friday, November 21st. Wells Fargo & Company dropped their price target on Elastic from $90.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Friday, November 21st. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Elastic in a report on Wednesday, October 8th. Seventeen research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $107.25.

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.