Elastic N.V. (NYSE:ESTC) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Elastic N.V. (NYSE:ESTC) have earned a consensus recommendation of “Moderate Buy” from the thirty-one analysts that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $119.00.

Several equities analysts have recently issued reports on ESTC shares. Scotiabank set a $90.00 target price on Elastic and gave the stock a “sector perform” rating in a research report on Monday, October 6th. Wall Street Zen upgraded shares of Elastic from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. Robert W. Baird increased their target price on shares of Elastic from $120.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, October 10th. Zacks Research cut shares of Elastic from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 26th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Elastic in a research note on Friday, October 10th.

Elastic Price Performance

ESTC opened at $90.77 on Monday. The company has a fifty day moving average price of $87.13 and a two-hundred day moving average price of $85.51. The firm has a market capitalization of $9.65 billion, a PE ratio of -113.46 and a beta of 1.04. Elastic has a 52 week low of $70.14 and a 52 week high of $118.84. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.09 and a current ratio of 2.09.

Elastic (NYSE:ESTC) last posted its quarterly earnings results on Thursday, August 28th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.50). Elastic had a negative return on equity of 1.68% and a negative net margin of 5.38%.The company had revenue of $415.29 million during the quarter, compared to the consensus estimate of $397.13 million. During the same quarter in the prior year, the business earned $0.35 earnings per share. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. Elastic has set its FY 2026 guidance at 2.290-2.350 EPS. Q2 2026 guidance at 0.560-0.580 EPS. As a group, analysts anticipate that Elastic will post -0.77 earnings per share for the current year.

Elastic announced that its board has approved a share buyback program on Thursday, October 9th that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Elastic

In related news, CTO Shay Banon sold 104,326 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $90.34, for a total value of $9,424,810.84. Following the completion of the transaction, the chief technology officer directly owned 4,363,780 shares in the company, valued at approximately $394,223,885.20. The trade was a 2.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO Mark Eugene Dodds sold 5,037 shares of the stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $90.12, for a total value of $453,934.44. Following the sale, the executive directly owned 167,284 shares of the company’s stock, valued at approximately $15,075,634.08. The trade was a 2.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 352,042 shares of company stock worth $31,087,394 over the last three months. Company insiders own 12.70% of the company’s stock.

Institutional Investors Weigh In On Elastic

Several institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC increased its holdings in Elastic by 6,651.3% during the 1st quarter. AQR Capital Management LLC now owns 1,403,859 shares of the company’s stock worth $122,978,000 after purchasing an additional 1,383,065 shares in the last quarter. Driehaus Capital Management LLC boosted its position in shares of Elastic by 1,450.8% during the first quarter. Driehaus Capital Management LLC now owns 880,454 shares of the company’s stock worth $78,448,000 after buying an additional 823,680 shares during the period. Vanguard Group Inc. grew its holdings in shares of Elastic by 7.4% during the third quarter. Vanguard Group Inc. now owns 10,206,204 shares of the company’s stock worth $862,322,000 after buying an additional 705,991 shares in the last quarter. Qube Research & Technologies Ltd raised its position in Elastic by 302.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 932,630 shares of the company’s stock valued at $78,649,000 after buying an additional 700,697 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in Elastic by 305.9% in the 2nd quarter. BNP Paribas Financial Markets now owns 832,353 shares of the company’s stock valued at $70,192,000 after buying an additional 627,284 shares during the last quarter. 97.03% of the stock is owned by institutional investors.

Elastic Company Profile

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.