Elastic (NYSE:ESTC) Given New $75.00 Price Target at Oppenheimer

Elastic (NYSE:ESTC) had its price target cut by Oppenheimer from $85.00 to $75.00 in a research note issued to investors on Friday,Benzinga reports. They currently have an outperform rating on the stock.

Other equities research analysts also recently issued research reports about the stock. Guggenheim reduced their target price on shares of Elastic from $116.00 to $106.00 and set a “buy” rating on the stock in a research note on Tuesday, May 19th. Piper Sandler reduced their price target 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. Wolfe Research set a $55.00 price target on shares of Elastic in a research report on Friday. Truist Financial reduced their price target on shares of Elastic from $105.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Finally, William Blair started coverage on shares of Elastic in a research report on Friday, May 22nd. They set an “outperform” rating on the stock. Eighteen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.04.

Elastic Stock Up 12.5%

Shares of NYSE:ESTC opened at $64.82 on Friday. Elastic has a 52 week low of $42.05 and a 52 week high of $96.07. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.82 and a current ratio of 1.82. The company’s fifty day moving average is $50.38 and its 200-day moving average is $62.83. The company has a market capitalization of $6.71 billion, a PE ratio of 18.52, a P/E/G ratio of 109.01 and a beta of 0.88.

Elastic (NYSE:ESTC) last issued its earnings results on Thursday, May 28th. The company reported $0.61 EPS 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 company had revenue of $450.68 million for the quarter, compared to the consensus estimate of $446.66 million. During the same quarter in the previous year, the company earned $0.47 EPS. The firm’s revenue for the quarter 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. Equities research analysts predict that Elastic will post 0.02 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Carolyn Herzog sold 3,989 shares of the company’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $52.28, for a total value of $208,544.92. Following the completion of the sale, the insider directly owned 85,335 shares of the company’s stock, valued at $4,461,313.80. This represents a 4.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Jane E. Bone sold 887 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $52.28, for a total value of $46,372.36. Following the completion of the sale, the chief accounting officer directly owned 42,284 shares of the company’s stock, valued at approximately $2,210,607.52. This trade represents a 2.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 38,188 shares of company stock worth $1,996,469 over the last quarter. Insiders own 12.70% of the company’s stock.

Institutional Trading of Elastic

A number of large investors have recently bought and sold shares of the business. Orion Porfolio Solutions LLC increased its holdings in shares of Elastic by 1.4% during the third quarter. Orion Porfolio Solutions LLC now owns 8,593 shares of the company’s stock valued at $726,000 after acquiring an additional 118 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Elastic by 17.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,159 shares of the company’s stock worth $98,000 after buying an additional 171 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in Elastic by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 28,323 shares of the company’s stock worth $2,393,000 after buying an additional 175 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in Elastic by 6.9% during the third quarter. Jones Financial Companies Lllp now owns 3,020 shares of the company’s stock worth $260,000 after buying an additional 194 shares in the last quarter. Finally, California State Teachers Retirement System grew its holdings in Elastic by 0.3% during the second quarter. California State Teachers Retirement System now owns 83,403 shares of the company’s stock worth $7,033,000 after buying an additional 219 shares in the last quarter. 97.03% of the stock is owned by institutional investors.

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

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.