Elastic (NYSE:ESTC) Price Target Cut to $75.00 by Analysts at Jefferies Financial Group

Elastic (NYSE:ESTC) had its price target decreased by Jefferies Financial Group from $95.00 to $75.00 in a research report report published on Friday,Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

ESTC has been the subject of a number of other research reports. Wedbush reduced their target price on Elastic from $74.00 to $65.00 and set an “outperform” rating for the company in a report on Friday. DA Davidson reduced their target price on Elastic from $65.00 to $60.00 and set a “neutral” rating for the company in a report on Friday. Stifel Nicolaus set a $65.00 target price on Elastic in a report on Friday. Wolfe Research set a $55.00 target price on Elastic in a report on Friday. Finally, Citigroup raised their target price on Elastic from $95.00 to $104.00 and gave the company a “buy” rating in a report on Friday. Eighteen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $80.04.

Elastic Price Performance

Elastic stock opened at $64.82 on Friday. Elastic has a one year low of $42.05 and a one year 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 business has a fifty day moving average of $50.38 and a two-hundred day moving average of $62.83. The company has a market cap of $6.71 billion, a P/E ratio of 18.52, a price-to-earnings-growth ratio of 109.01 and a beta of 0.88.

Elastic (NYSE:ESTC) last released its earnings results on Thursday, May 28th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.05. Elastic had a negative return on equity of 2.02% and a net margin of 21.14%.The company had revenue of $450.68 million during the quarter, compared to the consensus estimate of $446.66 million. During the same quarter last year, the company earned $0.47 earnings per share. Elastic’s quarterly 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, analysts predict that Elastic will post 0.02 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Carolyn Herzog sold 3,989 shares of the firm’s stock in a transaction on 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 transaction, the insider owned 85,335 shares in the company, valued at $4,461,313.80. This trade represents a 4.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CRO Mark Eugene Dodds sold 3,723 shares of Elastic stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $52.28, for a total value of $194,638.44. Following the sale, the executive owned 152,563 shares of the company’s stock, valued at approximately $7,975,993.64. This represents a 2.38% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 38,188 shares of company stock valued at $1,996,469. Company insiders own 12.70% of the company’s stock.

Institutional Trading of Elastic

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ESTC. AQR Capital Management LLC increased its position in Elastic by 153.4% during the 4th 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. First Trust Advisors LP increased its position in Elastic by 516.1% during the 1st 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. Pictet Asset Management Holding SA increased its position in Elastic by 43.2% during the 1st 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 increased its position in Elastic by 36.9% during the 4th 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, Alyeska Investment Group L.P. boosted its stake in Elastic by 490.4% in the 3rd quarter. Alyeska Investment Group L.P. now owns 1,113,503 shares of the company’s stock worth $94,080,000 after buying an additional 924,911 shares during the last quarter. Hedge funds and other institutional investors own 97.03% of the company’s stock.

Elastic News Roundup

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.