Mark Eugene Dodds Sells 9,673 Shares of Elastic (NYSE:ESTC) Stock

Elastic N.V. (NYSE:ESTC) CRO Mark Dodds sold 9,673 shares of Elastic stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $87.78, for a total value of $849,095.94. Following the completion of the transaction, the executive directly owned 288,538 shares of the company’s stock, valued at approximately $25,327,865.64. This represents a 3.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Elastic Stock Performance

Shares of ESTC stock opened at $83.44 on Friday. The company has a market capitalization of $8.76 billion, a price-to-earnings ratio of 23.37, a price-to-earnings-growth ratio of 8.09 and a beta of 1.03. 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 N.V. has a one year low of $42.05 and a one year high of $108.00. The company’s 50-day moving average is $74.79 and its 200 day moving average is $61.07.

Elastic (NYSE:ESTC) last issued its earnings results on Thursday, August 27th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.12. The business had revenue of $478.11 million during the quarter, compared to analysts’ expectations of $469.75 million. Elastic had a net margin of 20.84% and a negative return on equity of 0.35%. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.60 earnings per share. Elastic has set its FY 2027 guidance at 3.290-3.370 EPS and its Q2 2027 guidance at 0.800-0.820 EPS. Sell-side analysts expect that Elastic N.V. will post 0.56 EPS for the current fiscal year.

Institutional Investors Weigh In On Elastic

Large investors have recently added to or reduced their stakes in the stock. Amundi lifted its holdings in Elastic by 37.2% in the first quarter. Amundi now owns 296,604 shares of the company’s stock valued at $14,827,000 after acquiring an additional 80,441 shares during the period. California State Teachers Retirement System grew its stake in shares of Elastic by 21.8% during the 1st quarter. California State Teachers Retirement System now owns 104,579 shares of the company’s stock valued at $5,228,000 after purchasing an additional 18,716 shares during the period. Geode Capital Management LLC increased its position in shares of Elastic by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 1,724,508 shares of the company’s stock valued at $130,124,000 after purchasing an additional 49,198 shares during the last quarter. Temasek Holdings Private Ltd increased its position in shares of Elastic by 9.3% during the 4th quarter. Temasek Holdings Private Ltd now owns 1,294,465 shares of the company’s stock valued at $97,654,000 after purchasing an additional 109,608 shares during the last quarter. Finally, ING Groep NV lifted its stake in shares of Elastic by 20.5% in the 4th quarter. ING Groep NV now owns 444,800 shares of the company’s stock worth $33,556,000 after purchasing an additional 75,700 shares during the period. Institutional investors own 97.03% of the company’s stock.

Key Headlines Impacting Elastic

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Elastic introduced Elasticsearch Vector Database, a serverless offering designed for large-scale vector search and artificial-intelligence applications. The product is intended to simplify deployment, support hundreds of billions of vectors and strengthen Elastic’s position in the growing AI-search market. Elastic Introduces Serverless Vector Database
• Positive Sentiment: Wedbush began coverage with an “outperform” rating and a $125 price target, implying substantial upside from the recent trading level. The recommendation reflects optimism about Elastic’s AI, search and cloud growth opportunities.
• Positive Sentiment: Short interest dropped 39% between mid-August and August 31 to 3.87 million shares, or roughly 4.2% of shares outstanding. Reduced bearish positioning and only 1.1 days of short-interest coverage could provide technical support and limit short-selling pressure.
• Neutral Sentiment: Elastic’s latest quarterly results were strong, with $0.70 in adjusted EPS versus the $0.58 consensus and revenue of $478.1 million versus $469.8 million expected. Revenue grew 15.2% year over year, and fiscal 2027 EPS guidance was set at $3.29 to $3.37; however, these results were reported previously and may already be reflected in the stock’s valuation.
• Negative Sentiment: Several executives, including CEO Ashutosh Kulkarni, CFO Navam Welihinda, CRO Mark Dodds and CAO Jane Bone, sold shares on September 9. The sales totaled about 54,888 shares and $4.8 million, but were made to cover tax withholding on vested equity awards, making them less concerning than discretionary selling.
• Negative Sentiment: Repeated insider selling following a strong rally could still weigh on sentiment, particularly as investors assess whether the company’s AI-driven growth can justify its elevated valuation.

Analyst Ratings Changes

Several brokerages have commented on ESTC. Cantor Fitzgerald increased their target price on Elastic from $91.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, August 28th. Bank of America boosted their price target on Elastic from $90.00 to $108.00 and gave the stock a “neutral” rating in a research note on Friday, August 28th. Oppenheimer upped their price target on Elastic from $100.00 to $118.00 and gave the company an “outperform” rating in a report on Friday, August 28th. Guggenheim increased their price objective on Elastic from $106.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, August 28th. Finally, William Blair began coverage on Elastic in a report on Friday, May 22nd. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $96.52.

Elastic Company Profile

Elastic N.V. develops search, observability and security software for organizations that need to find, analyze and act on data. Its core technology, Elasticsearch, is a distributed search and analytics engine that can process structured and unstructured information from applications, websites, logs and other sources.

The company offers its platform through Elastic Cloud, a managed cloud service available across major public-cloud environments, as well as through self-managed deployments.