Elastic N.V. (NYSE:ESTC) Stock Has Consensus Price Target of $96.52

Elastic N.V. (NYSE:ESTC) has received an average rating of “Moderate Buy” from the twenty-nine analysts that are currently covering the firm, MarketBeat.com reports. Twelve research analysts have rated the stock with a hold recommendation, sixteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $97.92.

ESTC has been the topic of a number of recent research reports. Citigroup raised their price target on shares of Elastic from $104.00 to $128.00 and gave the company a “buy” rating in a report on Friday, August 28th. Wedbush reiterated an “outperform” rating and issued a $125.00 price objective on shares of Elastic in a report on Friday. TD Cowen increased their target price on shares of Elastic from $55.00 to $70.00 and gave the stock a “hold” rating in a research report on Tuesday, August 25th. Rosenblatt Securities restated a “buy” rating and set a $83.00 target price on shares of Elastic in a report on Wednesday, August 26th. Finally, Jefferies Financial Group boosted their price target on Elastic from $100.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, August 28th.

Elastic Trading Up 3.1%

Shares of NYSE ESTC opened at $98.18 on Thursday. The business has a 50 day simple moving average of $86.50 and a 200 day simple moving average of $66.20. Elastic has a 52 week low of $42.05 and a 52 week high of $108.00. The stock has a market cap of $10.31 billion, a price-to-earnings ratio of 27.50, a PEG ratio of 8.25 and a beta of 1.03. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.81 and a current ratio of 1.81.

Elastic (NYSE:ESTC) last issued its quarterly earnings data on Thursday, August 27th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.12. The firm had revenue of $478.11 million for the quarter, compared to analyst estimates of $469.75 million. Elastic had a net margin of 20.84% and a negative return on equity of 0.35%. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.60 earnings per share. Elastic has set its FY 2027 guidance at 3.290-3.370 EPS and its Q2 2027 guidance at 0.800-0.820 EPS. On average, research analysts predict that Elastic will post 0.65 earnings per share for the current fiscal year.

Insider Activity

In other Elastic news, CEO Ashutosh Kulkarni sold 29,227 shares of the company’s stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $87.78, for a total transaction of $2,565,546.06. Following the completion of the sale, the chief executive officer owned 599,525 shares of the company’s stock, valued at $52,626,304.50. This represents a 4.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Shay Banon sold 200,000 shares of the stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $96.47, for a total value of $19,294,000.00. Following the transaction, the chief technology officer owned 1,854,978 shares in the company, valued at approximately $178,949,727.66. This trade represents a 9.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 2,585,641 shares of company stock valued at $234,551,366. Insiders own 12.70% of the company’s stock.

Institutional Trading of Elastic

A number of institutional investors and hedge funds have recently modified their holdings of the company. First Trust Advisors LP grew its stake in Elastic by 516.1% in the 1st quarter. First Trust Advisors LP now owns 2,627,636 shares of the company’s stock valued at $131,356,000 after buying an additional 2,201,140 shares during the last quarter. Pictet Asset Management Holding SA raised its holdings in Elastic by 43.2% in the 1st quarter. Pictet Asset Management Holding SA now owns 6,492,717 shares of the company’s stock worth $324,550,000 after acquiring an additional 1,958,219 shares during the period. Wellington Management Group LLP acquired a new position in Elastic during the 2nd quarter worth $41,889,000. Assenagon Asset Management S.A. lifted its position in Elastic by 324.7% during the 1st quarter. Assenagon Asset Management S.A. now owns 900,017 shares of the company’s stock worth $44,992,000 after acquiring an additional 688,091 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in Elastic by 6,125.6% during the 1st quarter. SG Americas Securities LLC now owns 548,722 shares of the company’s stock worth $27,431,000 after acquiring an additional 539,908 shares during the last quarter. 97.03% of the stock is currently owned by institutional investors and hedge funds.

Elastic News Roundup

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Analyst sentiment improved: Monness Crespi & Hardt upgraded Elastic from “neutral” to “buy” and set a $120 price target. Stifel Nicolaus also raised its target from $107 to $120 and assigned a “buy” rating, while Wedbush reaffirmed its “outperform” rating with a $125 target. The targets imply meaningful upside from the stock’s recent trading level.
• Positive Sentiment: AI observability product launched: Elastic introduced a private preview of Elastic nightshift AI SRE, an AI agent designed to investigate incidents across an organization’s technology stack. It uses broad telemetry and contextual data, tests multiple root-cause hypotheses, and explains its findings, potentially improving the value of Elastic’s Observability platform. Elastic Introduces Elastic nightshift AI SRE
• Positive Sentiment: Security AI expansion: Elastic announced AlertZero, a team of specialized AI agents supporting the security operations lifecycle. The launch reinforces the company’s strategy of monetizing AI across observability and cybersecurity use cases. Elastic Announces AlertZero
• Neutral Sentiment: Recent commentary highlights Elastic’s potential to benefit from AI software demand, but questions remain about customer commitments, the economics of those contracts, and the time required for AI initiatives to translate into sustained profits.
• Negative Sentiment: Insider selling may weigh on sentiment: Insider Mark Eugene Dodds sold 10,000 shares, while former CEO Steven Schuurman sold 1.5 million shares. These transactions do not necessarily indicate a change in business outlook, but their size could raise concerns about insider confidence or create additional selling pressure. Elastic insider Steven Schuurman sells shares
• Negative Sentiment: One analysis argues that AI tailwinds may not fully offset competitive pressure, underscoring execution and rivalry risks in Elastic’s markets.

About Elastic

Elastic N.V. (NYSE: ESTC) develops search, observability and security software for organizations that need to collect, analyze and act on large volumes of data. Its platform helps users search structured and unstructured information, monitor applications and infrastructure, detect security threats and build artificial intelligence-powered experiences.

The company’s principal offerings include Elasticsearch, its distributed search and analytics engine; Kibana, a visualization and data exploration interface; and Elastic Cloud, a managed cloud service for deploying Elastic products.