Elastic (NYSE:ESTC) CAO Sells $95,327.97 in Stock

Elastic N.V. (NYSE:ESTC) CAO Jane Bone sold 1,187 shares of Elastic stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $80.31, for a total transaction of $95,327.97. Following the sale, the chief accounting officer directly owned 43,171 shares of the company’s stock, valued at $3,467,063.01. The trade was a 2.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Elastic Stock Performance

ESTC stock traded down $1.97 during mid-day trading on Monday, hitting $76.65. 1,127,646 shares of the company were exchanged, compared to its average volume of 1,226,906. Elastic N.V. has a 1-year low of $68.10 and a 1-year high of $118.84. The stock has a market capitalization of $8.08 billion, a PE ratio of -74.42, a price-to-earnings-growth ratio of 311.82 and a beta of 0.92. The business has a 50 day simple moving average of $78.91 and a 200-day simple moving average of $82.49. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.64.

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

Elastic announced that its board has authorized a share buyback program on Thursday, October 9th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On Elastic

Hedge funds and other institutional investors have recently modified their holdings of the business. Orion Porfolio Solutions LLC lifted its position in shares of Elastic by 1.4% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 8,593 shares of the company’s stock worth $726,000 after buying an additional 118 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Elastic by 17.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,159 shares of the company’s stock worth $98,000 after acquiring an additional 171 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in Elastic by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 28,323 shares of the company’s stock worth $2,393,000 after acquiring an additional 175 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Elastic by 5.1% in the second quarter. Janney Montgomery Scott LLC now owns 3,997 shares of the company’s stock worth $337,000 after acquiring an additional 194 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in shares of Elastic by 6.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 3,020 shares of the company’s stock valued at $260,000 after purchasing an additional 194 shares in the last quarter. Institutional investors own 97.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ESTC. Citigroup lowered their price target on shares of Elastic from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, November 24th. Needham & Company LLC reaffirmed a “hold” rating on shares of Elastic in a report on Friday, October 10th. Weiss Ratings reiterated a “sell (d)” rating on shares of Elastic in a research note on Wednesday, October 8th. DA Davidson lowered their price objective on Elastic from $100.00 to $80.00 and set a “neutral” rating on the stock in a research note on Friday, November 21st. Finally, Bank of America dropped their price objective on Elastic from $111.00 to $90.00 and set a “neutral” rating for the company in a report on Friday, November 21st. Seventeen analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Elastic presently has an average rating of “Moderate Buy” and a consensus price target of $105.71.

About Elastic

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.