Cantor Fitzgerald Weighs in on Elastic FY2026 Earnings

Elastic (NYSE:ESTC) – Research analysts at Cantor Fitzgerald issued their FY2026 EPS estimates for Elastic in a report released on Monday, June 9th. Cantor Fitzgerald analyst T. Blakey expects that the company will earn ($0.22) per share for the year. Cantor Fitzgerald has a “Neutral” rating and a $92.00 price target on the stock. The consensus estimate for Elastic’s current full-year earnings is ($0.77) per share.

ESTC has been the topic of a number of other reports. Scotiabank dropped their target price on shares of Elastic from $137.00 to $95.00 and set a “sector outperform” rating on the stock in a research note on Friday, May 30th. Morgan Stanley dropped their target price on shares of Elastic from $140.00 to $120.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Oppenheimer dropped their target price on shares of Elastic from $140.00 to $120.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 22nd. Stifel Nicolaus dropped their target price on shares of Elastic from $140.00 to $112.00 and set a “buy” rating on the stock in a research note on Friday, May 30th. Finally, Guggenheim dropped their target price on shares of Elastic from $136.00 to $107.00 and set a “buy” rating on the stock in a research note on Friday, May 30th. Eight research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Elastic currently has an average rating of “Moderate Buy” and a consensus target price of $113.63.

Elastic Stock Performance

Shares of NYSE:ESTC opened at $83.24 on Tuesday. The company has a market capitalization of $8.69 billion, a price-to-earnings ratio of 151.35 and a beta of 1.07. Elastic has a 12 month low of $69.00 and a 12 month high of $123.96. The firm’s 50-day moving average is $84.71 and its 200 day moving average is $97.25. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.70.

Elastic (NYSE:ESTC) last announced its earnings results on Thursday, May 29th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.10. The firm had revenue of $388.43 million during the quarter, compared to analysts’ expectations of $380.61 million. Elastic had a negative return on equity of 13.20% and a net margin of 4.39%. The company’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.21 EPS.

Insiders Place Their Bets

In other news, CTO Shay Banon sold 5,117 shares of the stock in a transaction on Monday, June 9th. The shares were sold at an average price of $86.91, for a total value of $444,718.47. Following the sale, the chief technology officer now owns 4,560,291 shares in the company, valued at $396,334,890.81. This represents a 0.11% 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. Also, CFO Navam Welihinda sold 2,261 shares of the stock in a transaction on Monday, June 9th. The stock was sold at an average price of $86.91, for a total transaction of $196,503.51. Following the completion of the sale, the chief financial officer now owns 133,925 shares in the company, valued at $11,639,421.75. The trade was a 1.66% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 53,413 shares of company stock valued at $4,720,774. Insiders own 15.90% of the company’s stock.

Institutional Trading of Elastic

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Acadian Asset Management LLC increased its stake in shares of Elastic by 185.2% in the first quarter. Acadian Asset Management LLC now owns 20,279 shares of the company’s stock worth $1,805,000 after acquiring an additional 13,169 shares during the period. Focus Partners Wealth purchased a new stake in shares of Elastic during the 1st quarter worth about $494,000. Bayforest Capital Ltd boosted its stake in shares of Elastic by 542.8% during the 1st quarter. Bayforest Capital Ltd now owns 10,902 shares of the company’s stock worth $971,000 after acquiring an additional 9,206 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Elastic by 3.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 429,526 shares of the company’s stock worth $38,271,000 after acquiring an additional 12,510 shares in the last quarter. Finally, Prostatis Group LLC purchased a new stake in shares of Elastic during the 1st quarter worth about $325,000. Institutional investors and hedge funds own 97.03% of the company’s stock.

About Elastic

Elastic N.V., a data analytics company, delivers solutions designed to run in public or private clouds in multi-cloud environments. It primarily offers Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as performs search, analysis, and visualization on that data.