Elastic (NYSE:ESTC) CRO Mark Eugene Dodds Sells 9,673 Shares

Elastic N.V. (NYSE:ESTC) CRO Mark Dodds sold 9,673 shares of the stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $87.78, for a total value of $849,095.94. Following the completion of the sale, the executive owned 288,538 shares in the company, valued at $25,327,865.64. This trade represents a 3.24% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Elastic Price Performance

NYSE:ESTC opened at $83.45 on Friday. The firm has a market capitalization of $8.76 billion, a price-to-earnings ratio of 23.38, a P/E/G ratio of 8.39 and a beta of 1.03. Elastic N.V. has a 52-week low of $42.05 and a 52-week high of $108.00. The stock has a fifty day moving average of $74.28 and a 200 day moving average of $60.91. 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 announced its earnings results on Thursday, August 27th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.12. The business had revenue of $478.11 million for the quarter, compared to analyst estimates of $469.75 million. Elastic had a negative return on equity of 0.35% and a net margin of 20.84%.The company’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.60 EPS. 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 expect that Elastic N.V. will post 0.56 EPS for the current fiscal year.

More Elastic News

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Short interest fell 39% to 3.87 million shares as of August 31, equal to about 4.2% of outstanding shares and only 1.1 days of average trading volume. The decline suggests reduced bearish positioning and could provide technical support for Elastic stock.
• Positive Sentiment: Elastic’s latest quarterly results exceeded expectations, with earnings of $0.70 per share versus the $0.58 consensus and revenue of $478.1 million versus estimates of $469.8 million. Revenue increased 15.2% year over year, while management issued fiscal 2027 EPS guidance of $3.29 to $3.37.
• Positive Sentiment: Wall Street remains broadly constructive, with a consensus “Moderate Buy” rating and an average price target of $94.12. Oppenheimer recently raised its target to $118 and maintained an “outperform” rating, reflecting optimism about Elastic’s AI-search and enterprise software opportunities. Elastic’s 2026 Outlook: AI Search Integration Fuels Enterprise Customer Retention
• Neutral Sentiment: Institutional ownership remains high at approximately 97%. Several funds increased their positions during the second quarter, including California State Teachers’ Retirement System and Squarepoint Ops, indicating continued institutional interest, although these holdings may reflect earlier investment decisions.
• Negative Sentiment: Multiple executives sold shares after Elastic’s recent rally. CEO Ashutosh Kulkarni, CFO Navam Welihinda, CRO Mark Dodds, CAO Jane Bone and insider Carolyn Herzog collectively sold 54,888 shares for about $4.8 million on September 9. The transactions were made to cover tax withholding tied to vested equity awards, which makes them less bearish than discretionary sales but can still weigh on sentiment.
• Negative Sentiment: CTO Shay Banon has conducted a much larger series of sales, including 80,583 shares for approximately $7.5 million on September 4 and additional sales totaling hundreds of thousands of shares in late August and early September. Although he retained more than 4.1 million shares, the repeated selling may raise concerns about insider conviction following the stock’s strong advance. Elastic CTO Shay Banon Sells 80,583 Shares of Stock

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ESTC. Wells Fargo & Company boosted their target price on Elastic from $60.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 25th. Royal Bank Of Canada lifted their price target on shares of Elastic from $70.00 to $87.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Zacks Research upgraded shares of Elastic from a “hold” rating to a “strong-buy” rating in a report on Friday, August 28th. Wolfe Research set a $55.00 price objective on shares of Elastic in a research note on Friday, May 29th. Finally, William Blair initiated coverage on shares of Elastic in a report on Friday, May 22nd. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $94.12.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Focus Partners Wealth bought a new stake in Elastic in the 1st quarter worth $494,000. 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 acquiring an additional 171 shares during the last quarter. Invesco Ltd. raised its stake in shares of Elastic by 11.7% during the second quarter. Invesco Ltd. now owns 95,332 shares of the company’s stock valued at $8,039,000 after acquiring an additional 9,990 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Elastic by 400.0% during the second quarter. EverSource Wealth Advisors LLC now owns 2,110 shares of the company’s stock worth $178,000 after purchasing an additional 1,688 shares during the period. Finally, Cerity Partners LLC boosted its holdings in shares of Elastic by 24.7% during the second quarter. Cerity Partners LLC now owns 30,545 shares of the company’s stock worth $2,576,000 after purchasing an additional 6,056 shares during the period. 97.03% of the stock is owned by hedge funds and other institutional investors.

Elastic Company Profile

Elastic N.V. develops search, observability and security software for organizations that need to find, analyze and act on data. Its core technology, Elasticsearch, is a distributed search and analytics engine that can process structured and unstructured information from applications, websites, logs and other sources.

The company offers its platform through Elastic Cloud, a managed cloud service available across major public-cloud environments, as well as through self-managed deployments.