Elastic (NYSE:ESTC) Insider Sells $574,885.85 in Stock

Elastic N.V. (NYSE:ESTC) insider Carolyn Herzog sold 9,485 shares of the stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $60.61, for a total value of $574,885.85. Following the sale, the insider owned 128,439 shares in the company, valued at approximately $7,784,687.79. This trade represents a 6.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Elastic Stock Up 0.2%

NYSE ESTC opened at $60.33 on Friday. The firm has a market cap of $6.27 billion, a PE ratio of 17.24, a price-to-earnings-growth ratio of 19.91 and a beta of 1.00. Elastic N.V. has a one year low of $42.05 and a one year high of $96.07. The stock’s 50 day simple moving average is $52.80 and its 200 day simple moving average is $61.10. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.68 and a quick ratio of 1.82.

Elastic (NYSE:ESTC) last released its quarterly earnings results on Thursday, May 28th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.05. The business had revenue of $450.68 million for the quarter, compared to analyst estimates of $446.66 million. Elastic had a negative return on equity of 1.82% and a net margin of 21.14%.Elastic’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.47 EPS. Elastic has set its FY 2027 guidance at 3.210-3.290 EPS and its Q1 2027 guidance at 0.570-0.590 EPS. As a group, sell-side analysts forecast that Elastic N.V. will post 0.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Guggenheim decreased their price target on Elastic from $116.00 to $106.00 and set a “buy” rating on the stock in a research report on Tuesday, May 19th. Barclays decreased their price objective on Elastic from $76.00 to $68.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. TD Cowen decreased their price objective on Elastic from $65.00 to $60.00 and set a “hold” rating on the stock in a research report on Tuesday, May 26th. Weiss Ratings upgraded Elastic from a “sell (e+)” rating to a “sell (d+)” rating in a research report on Tuesday. Finally, Rothschild & Co Redburn began coverage on Elastic in a research report on Thursday, April 23rd. They issued a “neutral” rating and a $49.00 price objective on the stock. Eighteen investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $80.04.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Orion Porfolio Solutions LLC boosted its position in Elastic by 1.4% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 8,593 shares of the company’s stock valued at $726,000 after buying an additional 118 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake 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 valued at $98,000 after purchasing an additional 171 shares during the period. Public Employees Retirement System of Ohio lifted its stake in shares of Elastic by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 28,323 shares of the company’s stock valued at $2,393,000 after purchasing an additional 175 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of Elastic by 6.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 3,020 shares of the company’s stock valued at $260,000 after purchasing an additional 194 shares during the period. Finally, California State Teachers Retirement System lifted its stake in shares of Elastic by 0.3% in the 2nd quarter. California State Teachers Retirement System now owns 83,403 shares of the company’s stock valued at $7,033,000 after purchasing an additional 219 shares during the period. 97.03% of the stock is currently owned by institutional investors.

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.