Traders Buy Large Volume of Elastic Call Options (NYSE:ESTC)

Elastic N.V. (NYSE:ESTC) was the target of unusually large options trading on Wednesday. Traders bought 4,130 call options on the stock. This represents an increase of approximately 106% compared to the average daily volume of 2,006 call options.

Insider Buying and Selling at Elastic

In other Elastic news, CRO Mark Eugene Dodds sold 5,800 shares of the business’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $74.60, for a total value of $432,680.00. Following the transaction, the executive directly owned 161,484 shares in the company, valued at $12,046,706.40. The trade was a 3.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul R. Auvil III bought 10,000 shares of Elastic stock in a transaction dated Monday, December 1st. The stock was acquired at an average cost of $71.02 per share, for a total transaction of $710,200.00. Following the completion of the acquisition, the director directly owned 37,956 shares in the company, valued at $2,695,635.12. This represents a 35.77% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 61,828 shares of company stock worth $4,641,010 over the last three months. 12.70% of the stock is currently owned by insiders.

Institutional Trading of Elastic

Large investors have recently bought and sold shares of the business. AQR Capital Management LLC raised its holdings in Elastic by 62.5% during the 3rd quarter. AQR Capital Management LLC now owns 2,977,361 shares of the company’s stock worth $251,557,000 after buying an additional 1,145,146 shares during the period. Alyeska Investment Group L.P. increased its position in shares of Elastic by 490.4% during the third quarter. Alyeska Investment Group L.P. now owns 1,113,503 shares of the company’s stock worth $94,080,000 after acquiring an additional 924,911 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Elastic by 7.4% during the third quarter. Vanguard Group Inc. now owns 10,206,204 shares of the company’s stock worth $862,322,000 after acquiring an additional 705,991 shares during the period. Qube Research & Technologies Ltd lifted its position in Elastic by 302.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 932,630 shares of the company’s stock valued at $78,649,000 after acquiring an additional 700,697 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in Elastic by 305.9% in the 2nd quarter. BNP Paribas Financial Markets now owns 832,353 shares of the company’s stock valued at $70,192,000 after acquiring an additional 627,284 shares in the last quarter. 97.03% of the stock is owned by institutional investors.

Elastic Trading Up 0.5%

Shares of ESTC stock traded up $0.35 on Wednesday, reaching $69.92. The company had a trading volume of 136,260 shares, compared to its average volume of 1,286,904. The stock has a market cap of $7.37 billion, a PE ratio of -67.87, a PEG ratio of 290.36 and a beta of 0.92. The company has a 50-day moving average of $76.49 and a 200-day moving average of $81.91. 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 has a 12 month low of $68.10 and a 12 month high of $118.84.

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

Elastic announced that its board has approved a share buyback program on Thursday, October 9th that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

ESTC has been the subject of a number of recent research reports. Royal Bank Of Canada dropped their target price on Elastic from $115.00 to $95.00 and set an “outperform” rating for the company in a research report on Monday, January 5th. DA Davidson lowered their price objective on Elastic from $100.00 to $80.00 and set a “neutral” rating for the company in a research report on Friday, November 21st. Guggenheim cut their target price on shares of Elastic from $122.00 to $116.00 and set a “buy” rating on the stock in a research report on Friday, November 21st. Truist Financial reduced their target price on shares of Elastic from $140.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, November 19th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Elastic in a research 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $105.71.

Elastic Company Profile

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.