Elastic N.V. (NYSE:ESTC) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Elastic N.V. (NYSE:ESTC) have received a consensus recommendation of “Moderate Buy” from the twenty-nine research firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and seventeen have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $104.8750.

ESTC has been the subject of several research analyst reports. Truist Financial cut their price objective on Elastic from $140.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, November 19th. Cantor Fitzgerald cut their target price on Elastic from $94.00 to $85.00 and set a “neutral” rating for the company in a research report on Friday, November 21st. Barclays decreased their price objective on Elastic from $107.00 to $100.00 and set an “overweight” rating on the stock in a report on Monday, January 12th. Bank of America decreased their target price on shares of Elastic from $111.00 to $90.00 and set a “neutral” rating on the stock in a research report on Friday, November 21st. Finally, Monness Crespi & Hardt lowered Elastic from a “buy” rating to a “neutral” rating in a report on Friday, November 21st.

Elastic Trading Down 2.9%

Shares of NYSE ESTC opened at $65.77 on Friday. The firm’s 50 day moving average price is $74.04 and its 200-day moving average price is $81.16. Elastic has a 52-week low of $65.39 and a 52-week high of $118.84. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.97 and a current ratio of 1.97. The company has a market cap of $6.93 billion, a PE ratio of -63.85, a P/E/G ratio of 275.47 and a beta of 0.92.

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

Elastic declared that its Board of Directors has approved a stock repurchase plan on Thursday, October 9th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling at Elastic

In related news, CRO Mark Eugene Dodds sold 5,800 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $74.60, for a total value of $432,680.00. Following the completion of the transaction, the executive owned 161,484 shares of the company’s stock, valued at $12,046,706.40. The trade was a 3.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Paul R. Auvil III bought 10,000 shares of the stock in a transaction on Monday, December 1st. The shares were bought at an average price of $71.02 per share, with a total value of $710,200.00. Following the acquisition, the director owned 37,956 shares of the company’s stock, valued at $2,695,635.12. This trade represents a 35.77% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have sold 61,828 shares of company stock worth $4,641,010. 12.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ESTC. Activest Wealth Management boosted its position in shares of Elastic by 3,181.3% in the 4th quarter. Activest Wealth Management now owns 525 shares of the company’s stock worth $40,000 after purchasing an additional 509 shares in the last quarter. Interchange Capital Partners LLC purchased a new stake in Elastic in the fourth quarter valued at about $215,000. M&T Bank Corp boosted its holdings in Elastic by 13.7% in the fourth quarter. M&T Bank Corp now owns 3,120 shares of the company’s stock worth $235,000 after acquiring an additional 376 shares in the last quarter. Washington Capital Management Inc. acquired a new stake in Elastic in the fourth quarter worth about $241,000. Finally, Pictet Asset Management Holding SA grew its stake in shares of Elastic by 3.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 4,534,498 shares of the company’s stock worth $342,127,000 after acquiring an additional 138,974 shares during the last quarter. 97.03% of the stock is owned by institutional investors.

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.