Elastic (NYSE:ESTC) Given Outperform Rating at Wedbush

Elastic (NYSE:ESTC)‘s stock had its “outperform” rating reaffirmed by research analysts at Wedbush in a research note issued on Friday, Benzinga reports. They currently have a $125.00 price objective on the stock. Wedbush’s price target indicates a potential upside of 30.41% from the company’s current price.

ESTC has been the topic of a number of other reports. Wall Street Zen downgraded Elastic from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Oppenheimer raised their price objective on Elastic from $100.00 to $118.00 and gave the company an “outperform” rating in a research note on Friday, August 28th. Barclays lifted their price target on Elastic from $68.00 to $94.00 and gave the stock an “overweight” rating in a research report on Monday, August 24th. Citigroup lifted their price target on Elastic from $104.00 to $128.00 and gave the stock a “buy” rating in a research report on Friday, August 28th. Finally, Royal Bank Of Canada lifted their price target on Elastic from $70.00 to $87.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $97.92.

Elastic Stock Up 0.6%

Shares of ESTC stock opened at $95.86 on Friday. The stock’s 50 day simple moving average is $85.85 and its 200 day simple moving average is $65.97. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.81 and a current ratio of 1.81. Elastic has a twelve month low of $42.05 and a twelve month high of $108.00. The company has a market capitalization of $10.06 billion, a price-to-earnings ratio of 27.44, a PEG ratio of 7.82 and a beta of 1.03.

Elastic (NYSE:ESTC) last issued its quarterly earnings data on Thursday, August 27th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.12. Elastic had a negative return on equity of 0.35% and a net margin of 20.84%.The business had revenue of $478.11 million for the quarter, compared to the consensus estimate of $469.75 million. During the same period last year, the business earned $0.60 EPS. The firm’s revenue was up 15.2% compared to the same quarter last year. 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, research analysts predict that Elastic will post 0.65 EPS for the current year.

Insider Buying and Selling at Elastic

In other news, CRO Mark Dodds sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $92.58, for a total transaction of $925,800.00. Following the sale, the executive directly owned 278,538 shares in the company, valued at approximately $25,787,048.04. The trade was a 3.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Jane E. Bone sold 1,542 shares of the business’s stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $87.78, for a total value of $135,356.76. Following the sale, the chief accounting officer owned 47,697 shares in the company, valued at approximately $4,186,842.66. This represents a 3.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 2,585,641 shares of company stock valued at $234,551,366 in the last quarter. 12.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Elastic

A number of institutional investors and hedge funds have recently modified their holdings of the company. Pictet Asset Management Holding SA increased its position in shares of Elastic by 43.2% during the first quarter. Pictet Asset Management Holding SA now owns 6,492,717 shares of the company’s stock valued at $324,550,000 after purchasing an additional 1,958,219 shares during the period. First Trust Advisors LP boosted its stake in Elastic by 516.1% in the 1st quarter. First Trust Advisors LP now owns 2,627,636 shares of the company’s stock valued at $131,356,000 after buying an additional 2,201,140 shares in the last quarter. Temasek Holdings Private Ltd boosted its stake in Elastic by 9.3% in the 4th quarter. Temasek Holdings Private Ltd now owns 1,294,465 shares of the company’s stock valued at $97,654,000 after buying an additional 109,608 shares in the last quarter. Panagora Asset Management Inc. boosted its stake in Elastic by 12.5% in the 4th quarter. Panagora Asset Management Inc. now owns 1,031,378 shares of the company’s stock valued at $77,807,000 after buying an additional 114,965 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in Elastic by 0.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 905,241 shares of the company’s stock valued at $51,617,000 after buying an additional 5,224 shares in the last quarter. 97.03% of the stock is currently owned by institutional investors.

Elastic News Summary

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Analyst upgrades and price-target increases: Monness Crespi & Hardt upgraded Elastic from “neutral” to “buy” and set a $120 price target. Stifel Nicolaus also raised its target from $107 to $120 while maintaining a “buy” rating. The targets imply substantial upside from recent trading levels and provide a near-term boost to investor confidence. Ticker Report analyst upgrade
• Positive Sentiment: AI product expansion: Elastic announced AlertZero, a team of specialized AI agents designed to support the security-operations lifecycle. It also introduced the private preview of Elastic nightshift AI SRE, an observability agent that investigates technical issues, tests multiple root-cause hypotheses and uses broader telemetry context than traditional rule-based alerts. These launches reinforce Elastic’s strategy of monetizing AI across security and observability. AlertZero announcement Elastic nightshift AI SRE announcement
• Positive Sentiment: Industry recognition: Gartner named Elastic a Leader in its Magic Quadrant for Enterprise AI Search, citing the company’s ability to execute and completeness of vision. Elastic also ranked first or second across the evaluated use cases, supporting its credibility in the growing enterprise AI-search market. Gartner recognition
• Neutral Sentiment: Analyst commentary remains divided: some view Elastic as a potential AI software winner, while others argue that stronger customer commitments have not yet resolved the economics and that competitive friction could limit AI-driven gains. The next AI software winner Customer commitments and economics
• Negative Sentiment: Insider selling: Insider Mark Eugene Dodds sold 10,000 shares, while co-founder Steven Schuurman sold 1.5 million shares. Although insider transactions do not necessarily indicate deteriorating fundamentals, the larger sale may raise concerns about near-term supply and management’s view of valuation. Steven Schuurman insider sale Mark Eugene Dodds insider sale

Elastic Company Profile

Elastic N.V. (NYSE: ESTC) develops search, observability and security software for organizations that need to collect, analyze and act on large volumes of data. Its platform helps users search structured and unstructured information, monitor applications and infrastructure, detect security threats and build artificial intelligence-powered experiences.

The company’s principal offerings include Elasticsearch, its distributed search and analytics engine; Kibana, a visualization and data exploration interface; and Elastic Cloud, a managed cloud service for deploying Elastic products.