Jane Bone Sells 1,187 Shares of Elastic (NYSE:ESTC) Stock

Elastic N.V. (NYSE:ESTC) CAO Jane Bone sold 1,187 shares of the firm’s stock in a transaction on Friday, January 9th. The shares were sold at an average price of $80.31, for a total transaction of $95,327.97. Following the sale, the chief accounting officer directly owned 43,171 shares of the company’s stock, valued at approximately $3,467,063.01. The trade was a 2.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Elastic Stock Performance

Shares of ESTC stock opened at $75.50 on Wednesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.97 and a quick ratio of 1.97. The company’s fifty day moving average price is $78.36 and its two-hundred day moving average price is $82.40. The firm has a market capitalization of $7.96 billion, a P/E ratio of -73.30, a P/E/G ratio of 304.16 and a beta of 0.92. Elastic N.V. has a 12 month low of $68.10 and a 12 month high of $118.84.

Elastic (NYSE:ESTC) last announced its earnings results on Thursday, November 20th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.06. The business had revenue of $423.48 million for the quarter, compared to analyst estimates of $418.27 million. Elastic had a negative return on equity of 2.02% and a negative net margin of 6.79%.The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.59 earnings per share. Elastic has set its Q3 2026 guidance at 0.630-0.65 EPS. On average, research analysts anticipate that Elastic N.V. will post -0.77 earnings per share for the current fiscal year.

Elastic announced that its board has authorized a share repurchase program on Thursday, October 9th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

A number of research analysts have commented on ESTC shares. Citigroup reduced their price objective on shares of Elastic from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, November 24th. Stifel Nicolaus reduced their price target on shares of Elastic from $134.00 to $108.00 and set a “buy” rating on the stock in a research report on Friday, November 21st. Scotiabank lowered their price objective on Elastic from $90.00 to $76.00 and set a “sector perform” rating for the company in a report on Friday, November 21st. Barclays cut their price objective on Elastic from $107.00 to $100.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, Canaccord Genuity Group decreased their target price on Elastic from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Friday, November 21st. Seventeen equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $105.71.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ESTC. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Elastic by 3.0% in the first 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 buying an additional 12,510 shares during the period. Focus Partners Wealth bought a new position in shares of Elastic during the first quarter worth about $494,000. Acadian Asset Management LLC increased its holdings in shares of Elastic by 185.2% in the 1st 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. Swedbank AB lifted its position in Elastic by 83.3% in the 1st quarter. Swedbank AB now owns 55,004 shares of the company’s stock valued at $4,901,000 after purchasing an additional 25,000 shares during the last quarter. Finally, Kera Capital Partners Inc. acquired a new position in Elastic during the 2nd quarter valued at about $340,000. Institutional investors and hedge funds own 97.03% of the company’s stock.

About Elastic

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.