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

Elastic N.V. (NYSE:ESTC) has earned a consensus recommendation of “Moderate Buy” from the twenty-nine research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seventeen have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $95.25.

ESTC has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut their price target on shares of Elastic from $113.00 to $98.00 and set an “overweight” rating on the stock in a report on Friday, February 20th. DA Davidson decreased their price objective on Elastic from $80.00 to $65.00 and set a “neutral” rating for the company in a report on Monday, March 2nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Elastic in a research report on Wednesday, January 21st. Morgan Stanley cut their target price on Elastic from $80.00 to $73.00 and set an “overweight” rating on the stock in a report on Monday, March 2nd. Finally, Canaccord Genuity Group reduced their price target on Elastic from $115.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, February 27th.

Elastic Stock Down 3.4%

Shares of NYSE ESTC opened at $53.30 on Friday. The company has a 50 day simple moving average of $61.45 and a 200 day simple moving average of $75.01. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.82 and a quick ratio of 1.82. Elastic has a 1 year low of $49.90 and a 1 year high of $103.79. The firm has a market cap of $5.52 billion, a PE ratio of -66.62, a price-to-earnings-growth ratio of 68.49 and a beta of 0.98.

Elastic (NYSE:ESTC) last posted its earnings results on Thursday, February 26th. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.09. Elastic had a negative net margin of 5.04% and a negative return on equity of 2.34%. The firm had revenue of $449.88 million for the quarter, compared to analyst estimates of $438.37 million. During the same period in the previous year, the firm posted $0.63 EPS. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. Elastic has set its FY 2026 guidance at 2.500-2.540 EPS and its Q4 2026 guidance at 0.550-0.570 EPS. On average, research analysts forecast that Elastic will post -0.77 EPS for the current year.

Insider Buying and Selling

In other Elastic news, insider Ken Exner sold 4,310 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $52.28, for a total transaction of $225,326.80. Following the completion of the transaction, the insider owned 222,728 shares in the company, valued at approximately $11,644,219.84. This trade represents a 1.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Shay Banon sold 4,283 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $52.28, for a total transaction of $223,915.24. Following the completion of the transaction, the chief technology officer owned 4,354,945 shares in the company, valued at $227,676,524.60. This trade represents a 0.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 39,375 shares of company stock valued at $2,091,797 over the last 90 days. 12.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Elastic

Several large investors have recently modified their holdings of ESTC. Corient Private Wealth LLC raised its stake in Elastic by 148.2% during the fourth quarter. Corient Private Wealth LLC now owns 9,979 shares of the company’s stock worth $753,000 after buying an additional 5,958 shares during the last quarter. Redwood Family Wealth LLC bought a new stake in Elastic during the fourth quarter valued at $248,000. Pacer Advisors Inc. grew its holdings in Elastic by 80.9% during the 4th quarter. Pacer Advisors Inc. now owns 10,539 shares of the company’s stock worth $795,000 after acquiring an additional 4,714 shares during the period. Kera Capital Partners Inc. grew its holdings in Elastic by 129.8% during the 4th quarter. Kera Capital Partners Inc. now owns 10,482 shares of the company’s stock worth $791,000 after acquiring an additional 5,920 shares during the period. Finally, Invesco Ltd. raised its position in shares of Elastic by 17.6% in the 4th quarter. Invesco Ltd. now owns 128,844 shares of the company’s stock worth $9,720,000 after acquiring an additional 19,304 shares in the last quarter. 97.03% of the stock is currently owned by institutional investors and hedge funds.

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.