Analysts Set Elastic N.V. (NYSE:ESTC) PT at $90.77

Elastic N.V. (NYSE:ESTC) has earned a consensus recommendation of “Moderate Buy” from the thirty-one analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seventeen have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $90.7692.

Several research firms recently issued reports on ESTC. DA Davidson decreased their target price on shares of Elastic from $80.00 to $65.00 and set a “neutral” rating on the stock in a research report on Monday, March 2nd. Piper Sandler reduced their price target on shares of Elastic from $110.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday, February 27th. Citigroup reduced their price target on shares of Elastic from $115.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Royal Bank Of Canada reduced their price target on shares of Elastic from $80.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, April 16th. Finally, Barclays reduced their price target on shares of Elastic from $78.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, February 27th.

Elastic Price Performance

ESTC opened at $50.53 on Monday. The company’s 50 day simple moving average is $49.89 and its 200 day simple moving average is $64.95. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.82 and a current ratio of 1.82. Elastic has a 1 year low of $42.05 and a 1 year high of $96.07. The stock has a market capitalization of $5.23 billion, a PE ratio of -63.16, a P/E/G ratio of 63.83 and a beta of 0.88.

Elastic (NYSE:ESTC) last released its earnings results on Thursday, February 26th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.09. Elastic had a negative net margin of 5.04% and a negative return on equity of 2.34%. The business had revenue of $449.88 million for the quarter, compared to analysts’ expectations of $438.37 million. During the same period last year, the company earned $0.63 earnings per share. The company’s quarterly revenue was up 17.7% on a year-over-year basis. Elastic has set its FY 2026 guidance at 2.500-2.540 EPS and its Q4 2026 guidance at 0.550-0.570 EPS. As a group, sell-side analysts expect that Elastic will post 0.04 EPS for the current year.

Insider Activity

In other Elastic news, insider Carolyn Herzog sold 3,989 shares of Elastic stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $52.28, for a total transaction of $208,544.92. Following the transaction, the insider directly owned 85,335 shares of the company’s stock, valued at $4,461,313.80. The trade was a 4.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Ken Exner sold 4,310 shares of Elastic stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $52.28, for a total transaction of $225,326.80. Following the transaction, the insider directly owned 222,728 shares in the company, valued at approximately $11,644,219.84. This trade represents a 1.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 38,188 shares of company stock valued at $1,996,469 over the last quarter. 12.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Orion Porfolio Solutions LLC raised its stake in shares of Elastic by 1.4% during the third quarter. Orion Porfolio Solutions LLC now owns 8,593 shares of the company’s stock valued at $726,000 after purchasing an additional 118 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake 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 purchasing an additional 171 shares during the period. Public Employees Retirement System of Ohio raised its stake in shares of Elastic by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 28,323 shares of the company’s stock valued at $2,393,000 after purchasing an additional 175 shares during the period. Jones Financial Companies Lllp raised its stake in shares of Elastic by 6.9% during the third 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 during the period. Finally, California State Teachers Retirement System raised its stake in shares of Elastic by 0.3% during the second quarter. California State Teachers Retirement System now owns 83,403 shares of the company’s stock valued at $7,033,000 after purchasing an additional 219 shares during the period. 97.03% of the stock is owned by institutional investors and hedge funds.

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.