Analysts Set Elastic N.V. (NYSE:ESTC) PT at $107.25

Elastic N.V. (NYSE:ESTC) has received a consensus recommendation of “Moderate Buy” from the twenty-nine research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and seventeen have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $107.25.

A number of analysts recently weighed in on ESTC shares. Rosenblatt Securities reaffirmed a “buy” rating and issued a $130.00 price objective on shares of Elastic in a report on Wednesday, November 19th. Mizuho upped their target price on shares of Elastic from $100.00 to $119.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Zacks Research lowered shares of Elastic from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 26th. UBS Group cut their price target on Elastic from $125.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, November 21st. Finally, Piper Sandler decreased their price objective on Elastic from $125.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, November 21st.

Insider Buying and Selling

In related news, insider Carolyn Herzog sold 5,353 shares of the company’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $75.05, for a total value of $401,742.65. Following the completion of the sale, the insider owned 89,324 shares of the company’s stock, valued at $6,703,766.20. This represents a 5.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CRO Mark Eugene Dodds sold 5,800 shares of the stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $74.60, for a total transaction of $432,680.00. Following the completion of the transaction, the executive owned 161,484 shares of the company’s stock, valued at $12,046,706.40. This represents a 3.47% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 63,147 shares of company stock valued at $4,760,940. Company insiders own 12.70% of the company’s stock.

Institutional Trading of Elastic

A number of institutional investors have recently made changes to their positions in ESTC. Vanguard Group Inc. increased its stake 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 valued at $862,322,000 after acquiring an additional 705,991 shares during the period. AQR Capital Management LLC boosted its stake in Elastic by 62.5% during the 3rd quarter. AQR Capital Management LLC now owns 2,977,361 shares of the company’s stock valued at $251,557,000 after purchasing an additional 1,145,146 shares in the last quarter. Voya Investment Management LLC increased its position in shares of Elastic by 4.7% during the 3rd quarter. Voya Investment Management LLC now owns 1,781,925 shares of the company’s stock valued at $150,555,000 after purchasing an additional 79,465 shares during the period. State Street Corp raised its stake in shares of Elastic by 4.0% in the 2nd quarter. State Street Corp now owns 1,574,525 shares of the company’s stock worth $132,780,000 after buying an additional 59,850 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Elastic by 3.6% in the second quarter. Geode Capital Management LLC now owns 1,569,578 shares of the company’s stock valued at $132,384,000 after buying an additional 54,812 shares during the period. 97.03% of the stock is owned by institutional investors and hedge funds.

Elastic Trading Up 2.0%

Shares of NYSE ESTC opened at $75.17 on Friday. Elastic has a 12-month low of $68.10 and a 12-month high of $118.84. The company has a market cap of $7.92 billion, a price-to-earnings ratio of -72.98 and a beta of 0.97. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.64. The stock’s 50 day simple moving average is $82.07 and its 200 day simple moving average is $83.38.

Elastic (NYSE:ESTC) last issued its earnings results on Thursday, November 20th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.06. The firm had revenue of $423.48 million for the quarter, compared to analyst estimates 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 period last year, the company earned $0.59 earnings per share. Elastic has set its Q3 2026 guidance at 0.630-0.65 EPS. Equities research analysts expect that Elastic will post -0.77 EPS for the current year.

Elastic announced that its Board of Directors has authorized a stock repurchase plan on Thursday, October 9th that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

About Elastic

Elastic N.V., a data analytics company, delivers solutions designed to run in public or private clouds in multi-cloud environments. It primarily offers Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as performs search, analysis, and visualization on that data.