Elastic (NYSE:ESTC) CFO Navam Welihinda Sells 3,240 Shares

Elastic N.V. (NYSE:ESTC) CFO Navam Welihinda sold 3,240 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $52.28, for a total value of $169,387.20. Following the completion of the sale, the chief financial officer directly owned 120,634 shares of the company’s stock, valued at approximately $6,306,745.52. This represents a 2.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Navam Welihinda also recently made the following trade(s):

• On Wednesday, December 10th, Navam Welihinda sold 1,046 shares of Elastic stock. The stock was sold at an average price of $74.51, for a total transaction of $77,937.46.

Elastic Trading Down 2.8%

Shares of ESTC opened at $51.77 on Wednesday. Elastic N.V. has a fifty-two week low of $49.90 and a fifty-two week high of $103.79. The firm has a market cap of $5.36 billion, a price-to-earnings ratio of -64.71, a PEG ratio of 68.42 and a beta of 0.98. The firm has a 50 day moving average price of $65.01 and a 200-day moving average price of $76.63. 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 (NYSE:ESTC) last released its earnings results on Thursday, February 26th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.64 by $0.09. The company had revenue of $449.88 million for the quarter, compared to analyst estimates of $438.37 million. Elastic had a negative net margin of 5.04% and a negative return on equity of 2.34%. The firm’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.63 EPS. 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, equities research analysts forecast that Elastic N.V. will post -0.77 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ESTC. Orion Porfolio Solutions LLC lifted its holdings in Elastic by 1.4% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 8,593 shares of the company’s stock worth $726,000 after buying an additional 118 shares during the period. Northwestern Mutual Wealth Management Co. increased 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 buying an additional 171 shares during the period. Public Employees Retirement System of Ohio increased 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 buying an additional 175 shares during the period. Jones Financial Companies Lllp raised its holdings 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 acquiring an additional 194 shares in the last quarter. Finally, California State Teachers Retirement System raised its holdings 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 acquiring an additional 219 shares in the last quarter. Hedge funds and other institutional investors own 97.03% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on ESTC shares. Citigroup decreased their price objective on Elastic from $115.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, February 20th. DA Davidson reduced their price target on Elastic from $80.00 to $65.00 and set a “neutral” rating on the stock in a research report on Monday, March 2nd. Royal Bank Of Canada decreased their price target on Elastic from $115.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Piper Sandler dropped their price objective on Elastic from $110.00 to $85.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Elastic in a report on Wednesday, January 21st. Seventeen analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Elastic currently has an average rating of “Moderate Buy” and a consensus target price of $95.25.

Trending Headlines about Elastic

Here are the key news stories impacting Elastic this week:

• Negative Sentiment: CEO Ashutosh Kulkarni sold 17,756 shares (~4.16% reduction in his position) for roughly $928,284; he still holds 409,145 shares. SEC Form 4 – Kulkarni
• Negative Sentiment: CTO Shay Banon sold 4,283 shares (0.10% reduction) for about $223,915; retains ~4.35M shares. SEC Form 4 – Banon
• Negative Sentiment: CRO Mark Eugene Dodds sold 3,723 shares (2.38% reduction) for about $194,638; holds 152,563 shares post-sale. SEC Form 4 – Dodds
• Negative Sentiment: Insider Ken Exner sold 4,310 shares (1.90% reduction) for about $225,327; retains 222,728 shares. SEC Form 4 – Exner
• Negative Sentiment: Carolyn Herzog sold 3,989 shares (4.47% reduction) for about $208,545; holds 85,335 shares after the sale. SEC Form 4 – Herzog
• Negative Sentiment: CFO Navam Welihinda sold 3,240 shares (2.62% reduction) for about $169,387; retains 120,634 shares. SEC Form 4 – Welihinda
• Negative Sentiment: CAO Jane E. Bone sold 887 shares (2.05% reduction) for about $46,372; holds 42,284 shares after the sale. SEC Form 4 – Bone

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.