Carolyn Herzog Sells 3,989 Shares of Elastic (NYSE:ESTC) Stock

Elastic N.V. (NYSE:ESTC) insider Carolyn Herzog sold 3,989 shares of Elastic stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $52.28, for a total transaction of $208,544.92. Following the transaction, the insider directly owned 85,335 shares in the company, valued at $4,461,313.80. The trade was a 4.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Elastic Stock Up 1.9%

Shares of NYSE ESTC opened at $52.82 on Thursday. Elastic N.V. has a 52-week low of $49.90 and a 52-week high of $103.79. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.82 and a current ratio of 1.82. The stock has a market cap of $5.47 billion, a P/E ratio of -66.03, a P/E/G ratio of 66.62 and a beta of 0.98. The firm has a 50 day moving average price of $64.56 and a 200 day moving average price of $76.46.

Elastic (NYSE:ESTC) last posted its earnings results on Thursday, February 26th. The company reported $0.73 earnings per share for the quarter, topping 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 business’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period last year, the business posted $0.63 earnings per share. Elastic has set its FY 2026 guidance at 2.500-2.540 EPS and its Q4 2026 guidance at 0.550-0.570 EPS. Analysts expect that Elastic N.V. will post -0.77 EPS for the current year.

Institutional Trading of Elastic

Hedge funds and other institutional investors have recently made changes to their positions in the business. AXQ Capital LP acquired a new position in Elastic during the second quarter worth $419,000. Geode Capital Management LLC increased its stake in Elastic by 3.6% in the 2nd 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 last quarter. Mackenzie Financial Corp increased its stake in Elastic by 622.2% in the 2nd 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 last quarter. Panagora Asset Management Inc. lifted its position in Elastic by 102.3% during the 2nd quarter. Panagora Asset Management Inc. now owns 464,268 shares of the company’s stock worth $39,152,000 after buying an additional 234,735 shares in the last quarter. Finally, Citigroup Inc. lifted its position in Elastic by 89.0% during the 3rd quarter. Citigroup Inc. now owns 89,357 shares of the company’s stock worth $7,550,000 after buying an additional 42,087 shares in 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: 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

Analyst Ratings Changes

Several research analysts have weighed in on the company. Scotiabank reduced their target price on Elastic from $90.00 to $76.00 and set a “sector perform” rating on the stock in a report on Friday, November 21st. Canaccord Genuity Group dropped their price target on Elastic from $115.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Citigroup dropped their price target on Elastic from $115.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Wedbush decreased their price objective on Elastic from $110.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, November 21st. Finally, DA Davidson lowered their target price on Elastic from $80.00 to $65.00 and set a “neutral” rating for the company in a research note on Monday, March 2nd. Seventeen equities 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’s stock. According to MarketBeat, Elastic presently has an average rating of “Moderate Buy” and an average price target of $95.25.

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.