Elastic N.V. (ESTC) – What Are Analysts Saying About This Stock?

Elastic N.V. (NYSE:ESTC) has been given a consensus recommendation of “Moderate Buy” by the thirty analysts that are presently covering the firm, MarketBeat.com reports. Twelve research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $98.56.

ESTC has been the subject of a number of research analyst reports. Rosenblatt Securities reiterated a “buy” rating and issued a $83.00 target price on shares of Elastic in a report on Wednesday, August 26th. Cantor Fitzgerald reissued a “neutral” rating and issued a $100.00 target price on shares of Elastic in a research report on Wednesday, September 23rd. Scotiabank upped their price objective on Elastic from $58.00 to $84.00 and gave the company a “sector perform” rating in a research note on Friday, August 28th. Stifel Nicolaus upped their price target on shares of Elastic from $107.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, October 9th. Finally, TD Cowen upped their target price on shares of Elastic from $55.00 to $70.00 and gave the stock a “hold” rating in a research report on Tuesday, August 25th.

Elastic Stock Performance

NYSE ESTC opened at $85.96 on Monday. The stock has a 50-day simple moving average of $92.84 and a two-hundred day simple moving average of $67.87. The firm has a market capitalization of $9.03 billion, a P/E ratio of 24.08, a PEG ratio of 7.67 and a beta of 0.97. 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 fifty-two week low of $42.05 and a fifty-two week high of $108.00.

Elastic (NYSE:ESTC) last posted its quarterly earnings data on Thursday, August 27th. The company reported $0.70 earnings per share for the quarter, topping 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 company had revenue of $478.11 million during the quarter, compared to analysts’ expectations of $469.75 million. During the same period last year, the firm earned $0.60 EPS. The firm’s revenue for the quarter 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. On average, equities analysts forecast that Elastic will post 0.65 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Steven Schuurman sold 2,000,000 shares of the stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $94.15, for a total transaction of $188,300,000.00. Following the transaction, the director owned 2,504,600 shares in the company, valued at $235,808,090. This trade represents a 44.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Shay Banon sold 84,207 shares of Elastic stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $84.64, for a total value of $7,127,280.48. Following the completion of the sale, the chief technology officer directly owned 3,910,563 shares in the company, valued at $330,990,052.32. This represents a 2.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 4,585,641 shares of company stock valued at $422,851,366 over the last quarter. 12.70% of the stock is owned by company insiders.

Institutional Trading of Elastic

Several large investors have recently modified their holdings of the company. Diversified Trust Co purchased a new position in shares of Elastic during the 3rd quarter valued at approximately $1,313,000. William Blair Investment Management LLC purchased a new position in shares of Elastic in the third quarter worth approximately $212,329,000. Russell Investments Group Ltd. grew its holdings in Elastic by 59.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 81,836 shares of the company’s stock valued at $7,461,000 after buying an additional 30,499 shares during the last quarter. Eurizon Capital SGR S.p.A. boosted its stake in shares of Elastic by 29.4% in the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 1,326 shares of the company’s stock valued at $118,000 after purchasing an additional 301 shares during the last quarter. Finally, Illinois Municipal Retirement Fund raised its holdings in shares of Elastic by 49.2% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 43,584 shares of the company’s stock valued at $3,997,000 after purchasing an additional 14,372 shares during the period. Institutional investors own 97.03% of the company’s stock.

About Elastic

Elastic N.V. develops search-powered software and services for organizations worldwide. Its technology helps businesses search, analyze and act on structured and unstructured data across applications, websites, infrastructure and security environments. Elastic offers its products through cloud-based and self-managed deployment options.

The company’s core platform, the Elastic Search AI Platform, is built around Elasticsearch and Kibana. Its offerings include Elastic Cloud, a managed cloud service, as well as solutions for enterprise search, observability and security.