Shay Banon Sells 111,127 Shares of Elastic (NYSE:ESTC) Stock

Elastic N.V. (NYSE:ESTC) CTO Shay Banon sold 111,127 shares of Elastic stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $92.60, for a total value of $10,290,360.20. Following the completion of the sale, the chief technology officer directly owned 1,743,851 shares of the company’s stock, valued at approximately $161,480,602.60. This trade represents a 5.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shay Banon also recently made the following trade(s):

• On Wednesday, September 2nd, Shay Banon sold 165,171 shares of Elastic stock. The shares were sold at an average price of $90.26, for a total transaction of $14,908,334.46.
• On Monday, August 31st, Shay Banon sold 200,000 shares of Elastic stock. The shares were sold at an average price of $96.47, for a total value of $19,294,000.00.
• On Tuesday, June 9th, Shay Banon sold 9,288 shares of Elastic stock. The shares were sold at an average price of $60.61, for a total transaction of $562,945.68.

Elastic Price Performance

Shares of Elastic stock traded down $2.96 during trading on Wednesday, hitting $89.43. The stock had a trading volume of 2,407,438 shares, compared to its average volume of 3,129,352. The firm has a market cap of $9.39 billion, a price-to-earnings ratio of 25.05, a P/E/G ratio of 8.95 and a beta of 1.03. Elastic N.V. has a 12 month low of $42.05 and a 12 month high of $108.00. The business’s 50-day moving average is $70.31 and its 200 day moving average is $59.69. The company has a current ratio of 1.81, a quick ratio of 1.68 and a debt-to-equity ratio of 0.44.

Elastic (NYSE:ESTC) last posted its quarterly earnings data on Thursday, August 27th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.12. Elastic had a negative return on equity of 0.35% and a net margin of 20.84%.The company had revenue of $478.11 million during the quarter, compared to analyst estimates of $469.75 million. During the same quarter last year, the company earned $0.60 earnings per share. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. Elastic has set its FY 2027 guidance at 3.290-3.370 EPS and its Q2 2027 guidance at 0.800-0.820 EPS. As a group, sell-side analysts anticipate that Elastic N.V. will post 0.56 earnings per share for the current year.

Institutional Investors Weigh In On Elastic

Several institutional investors have recently bought and sold shares of the stock. Focus Partners Wealth bought a new position in shares of Elastic during the first quarter valued at approximately $494,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Elastic by 17.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,159 shares of the company’s stock worth $98,000 after purchasing an additional 171 shares during the period. Invesco Ltd. increased its position 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 buying an additional 9,990 shares during the period. EverSource Wealth Advisors LLC raised its stake in Elastic by 400.0% in the second quarter. EverSource Wealth Advisors LLC now owns 2,110 shares of the company’s stock worth $178,000 after buying an additional 1,688 shares in the last quarter. Finally, Cerity Partners LLC boosted its position in Elastic by 24.7% during the 2nd quarter. Cerity Partners LLC now owns 30,545 shares of the company’s stock valued at $2,576,000 after acquiring an additional 6,056 shares in the last quarter. 97.03% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Elastic

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Elastic’s earnings outlook is benefiting from upward estimate revisions, which could support the stock if analysts continue to raise forecasts. Can Elastic Run Higher on Rising Earnings Estimates?
• Positive Sentiment: RBC Capital initiated or reiterated a Buy rating, adding favorable sell-side support. Elastic Receives a Buy from RBC Capital
• Neutral Sentiment: Elastic delivered an earnings beat, highlighted growing enterprise adoption of its AI-powered search and cloud platform, and raised or maintained guidance pointing to continued fiscal 2027 growth. Still, DA Davidson remained Neutral, arguing that one strong quarter is not sufficient confirmation of the longer-term growth trajectory. Elastic Beat and Raised Guidance
• Negative Sentiment: CTO Shay Banon sold 476,298 shares across August 31 through September 2 for approximately $44.5 million, reducing his holdings by roughly 22% across the reported transactions. Additional sales by Chief Accounting Officer Jane Bone and insider Carolyn Herzog totaled about $1.3 million. The concentration of selling by senior insiders may reinforce profit-taking concerns, although the executives retain sizable positions. Elastic Insider Sale Filings
• Negative Sentiment: A separate analysis downgraded Elastic, reflecting concern that expectations and valuation may have moved ahead of fundamentals after the earnings-driven rally. Elastic Adjusting My Position After This Sprint

Wall Street Analyst Weigh In

Several research analysts recently weighed in on ESTC shares. UBS Group upped their price objective on shares of Elastic from $85.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, August 28th. Rosenblatt Securities reissued a “buy” rating and issued a $83.00 price target on shares of Elastic in a report on Wednesday, August 26th. Barclays increased their price target on shares of Elastic from $68.00 to $94.00 and gave the stock an “overweight” rating in a report on Monday, August 24th. Needham & Company LLC reiterated a “hold” rating on shares of Elastic in a research report on Friday, August 28th. Finally, William Blair began coverage on Elastic in a research report on Friday, May 22nd. They set an “outperform” rating on the stock. One 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 company’s stock. According to data from MarketBeat, Elastic currently has a consensus rating of “Moderate Buy” and an average price target of $94.12.

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.