Elastic (NYSE:ESTC) Given New $65.00 Price Target at Wedbush

Elastic (NYSE:ESTC) had its target price cut by Wedbush from $74.00 to $65.00 in a research note released on Friday morning,Benzinga reports. They currently have an outperform rating on the stock.

ESTC has been the topic of a number of other research reports. Citigroup decreased their target price on shares of Elastic from $115.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Royal Bank Of Canada decreased their target price on shares of Elastic from $80.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, April 16th. William Blair assumed coverage on shares of Elastic in a research report on Friday, May 22nd. They issued an “outperform” rating on the stock. DA Davidson decreased their target price on shares of Elastic from $80.00 to $65.00 and set a “neutral” rating on the stock in a research report on Monday, March 2nd. Finally, Piper Sandler decreased their target price on shares of Elastic from $110.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday, February 27th. Eighteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $80.04.

Elastic Trading Up 12.5%

Shares of ESTC stock opened at $64.82 on Friday. The company’s 50-day moving average price is $50.38 and its 200-day moving average price is $62.83. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.72. The stock has a market cap of $6.71 billion, a price-to-earnings ratio of 18.52, a PEG ratio of 109.01 and a beta of 0.88. Elastic has a twelve month low of $42.05 and a twelve month high of $96.07.

Elastic (NYSE:ESTC) last announced its quarterly earnings results on Thursday, May 28th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.05. Elastic had a net margin of 21.14% and a negative return on equity of 2.02%. The firm had revenue of $450.68 million for the quarter, compared to analysts’ expectations of $446.66 million. During the same quarter in the previous year, the company posted $0.47 EPS. The company’s revenue was up 16.0% compared to the same quarter last year. Elastic has set its FY 2027 guidance at 3.210-3.290 EPS and its Q1 2027 guidance at 0.570-0.590 EPS. As a group, equities analysts predict that Elastic will post 0.02 earnings per share for the current year.

Insider Buying and Selling at Elastic

In other news, insider Ken Exner sold 4,310 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $52.28, for a total transaction of $225,326.80. Following the sale, the insider owned 222,728 shares of the company’s stock, valued at approximately $11,644,219.84. This represents a 1.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Shay Banon sold 4,283 shares of the stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $52.28, for a total transaction of $223,915.24. Following the sale, the chief technology officer directly owned 4,354,945 shares in the company, valued at $227,676,524.60. This represents a 0.10% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 38,188 shares of company stock valued at $1,996,469. Corporate insiders own 12.70% of the company’s stock.

Institutional Trading of Elastic

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position 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 purchasing an additional 705,991 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Elastic by 153.4% during the fourth quarter. AQR Capital Management LLC now owns 7,545,081 shares of the company’s stock worth $569,201,000 after purchasing an additional 4,567,720 shares in the last quarter. Pictet Asset Management Holding SA lifted its position in shares of Elastic by 43.2% during the first quarter. Pictet Asset Management Holding SA now owns 6,492,717 shares of the company’s stock worth $324,550,000 after purchasing an additional 1,958,219 shares in the last quarter. FIL Ltd lifted its position in shares of Elastic by 36.9% during the fourth quarter. FIL Ltd now owns 3,628,748 shares of the company’s stock worth $273,753,000 after purchasing an additional 977,578 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Elastic by 516.1% during the first quarter. First Trust Advisors LP now owns 2,627,636 shares of the company’s stock worth $131,356,000 after purchasing an additional 2,201,140 shares in the last quarter. Institutional investors and hedge funds own 97.03% of the company’s stock.

More Elastic News

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Elastic beat fiscal Q4 expectations, reporting EPS of $0.61 versus $0.56 expected and revenue of $450.7 million versus $446.7 million expected, with revenue up 16% year over year. Elastic Reports Fourth Quarter and Fiscal 2026 Financial Results
• Positive Sentiment: The company also issued first-quarter and full-year guidance above consensus for EPS, suggesting management sees continued earnings momentum. Elastic Reports Fourth Quarter and Fiscal 2026 Financial Results
• Positive Sentiment: Wall Street remains broadly constructive: Citigroup raised its price target to $104, and other firms like Jefferies, Canaccord, Oppenheimer, and Barclays still have buy/outperform-style ratings even after trimming targets. Analyst target updates
• Neutral Sentiment: Several analysts cut price targets after the report, including Barclays, Jefferies, Canaccord Genuity, Wedbush, and Oppenheimer, which signals some valuation caution rather than a thesis change. Analyst target updates
• Neutral Sentiment: Some investors may also be focusing on management’s fiscal 2027 outlook implying mid-teens revenue growth, which is still healthy but may look slower than the market hoped for after a strong quarter. Elastic shares fall 3.2% as investors digest Q4 results and fiscal 2027 outlook
• Negative Sentiment: Despite the beat, the stock has been volatile because investors were disappointed by the initial post-earnings reaction and are weighing strong growth against the company’s still-negative margins. Elastic N.V. (ESTC) Stock Falls on Q4 2026 Earnings

Elastic Company Profile

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.