Ashutosh Kulkarni Sells 17,756 Shares of Elastic (NYSE:ESTC) Stock

Elastic N.V. (NYSE:ESTC) CEO Ashutosh Kulkarni sold 17,756 shares of the company’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $52.28, for a total value of $928,283.68. Following the completion of the sale, the chief executive officer owned 409,145 shares in the company, valued at $21,390,100.60. This trade represents a 4.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ashutosh Kulkarni also recently made the following trade(s):

• On Monday, December 15th, Ashutosh Kulkarni sold 5,000 shares of Elastic stock. The shares were sold at an average price of $74.60, for a total value of $373,000.00.

Elastic Stock Up 1.9%

Shares of NYSE:ESTC opened at $52.82 on Thursday. The company’s fifty day moving average is $64.56 and its 200-day moving average is $76.46. 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 N.V. has a 52 week low of $49.90 and a 52 week high of $103.79. The company has a market capitalization of $5.47 billion, a PE ratio of -66.03, a P/E/G ratio of 66.62 and a beta of 0.98.

Elastic (NYSE:ESTC) last announced its earnings results on Thursday, February 26th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $438.37 million. During the same quarter last year, the company posted $0.63 EPS. The firm’s revenue for the quarter 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. Equities research analysts predict that Elastic N.V. will post -0.77 earnings per share for the current fiscal year.

Elastic News Roundup

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Q4 results beat expectations and management issued FY‑2026 guidance that implies continued profitability improvement — revenue of $449.9M (beat consensus) and FY‑2026 EPS guidance of $2.50–$2.54. This supports upside expectations for earnings progression. MarketBeat ESTC Summary
• Neutral Sentiment: Institutional ownership is very high (~97%); that can stabilize liquidity but also concentrates selling/position shifts among large holders. Recent analyst coverage remains mostly favorable (consensus “Moderate Buy”) despite trimmed price targets. Analyst Summary
• Negative Sentiment: Significant insider selling occurred on March 9–10 across senior executives (CEO, CTO, CFO, CRO, CAO and others). CEO Ashutosh Kulkarni sold 17,756 shares (~4.16% of his holding) and other officers sold thousands of shares at ~ $52.28 — the volume and breadth of sales raise near‑term sentiment risk even though principals still retain large stakes. Insider Trades Alert
• Negative Sentiment: Multiple Form 4 filings available at the SEC confirm the executive sales (example: CEO form). Large, coordinated sales by multiple C‑suite members can be perceived as a signal to some investors and may cap short‑term gains. SEC Form 4 – Kulkarni

Hedge Funds Weigh In On Elastic

Several large investors have recently made changes to their positions in the company. AXQ Capital LP bought a new position in shares of Elastic in the 2nd quarter valued at about $419,000. Geode Capital Management LLC raised its stake in shares of Elastic by 3.6% during the second quarter. Geode Capital Management LLC now owns 1,569,578 shares of the company’s stock worth $132,384,000 after buying an additional 54,812 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in Elastic by 622.2% in the second quarter. Mackenzie Financial Corp now owns 77,005 shares of the company’s stock valued at $6,494,000 after buying an additional 66,342 shares during the period. Panagora Asset Management Inc. lifted its holdings in Elastic by 102.3% in the second quarter. Panagora Asset Management Inc. now owns 464,268 shares of the company’s stock valued at $39,152,000 after buying an additional 234,735 shares during the period. Finally, Citigroup Inc. boosted its stake in Elastic by 89.0% in the third quarter. Citigroup Inc. now owns 89,357 shares of the company’s stock valued at $7,550,000 after acquiring an additional 42,087 shares during the last quarter. Institutional investors and hedge funds own 97.03% of the company’s stock.

Wall Street Analyst Weigh In

ESTC has been the topic of several recent analyst reports. Stifel Nicolaus reduced their target price on Elastic from $134.00 to $108.00 and set a “buy” rating on the stock in a report on Friday, November 21st. Truist Financial dropped their price target on Elastic from $105.00 to $80.00 and set a “buy” rating for the company in a report on Friday, February 27th. Citigroup reduced their price objective on Elastic from $115.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Weiss Ratings restated a “sell (d)” rating on shares of Elastic in a report on Wednesday, January 21st. Finally, TD Cowen restated a “hold” rating on shares of Elastic in a research note on Monday, February 23rd. Seventeen research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $95.25.

Elastic Company Profile

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.