Elastic (NYSE:ESTC) Price Target Lowered to $68.00 at Barclays

Elastic (NYSE:ESTC) had its price target cut by Barclays from $76.00 to $68.00 in a report issued on Friday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other research analysts have also issued reports on ESTC. Jefferies Financial Group reduced their price target on Elastic from $95.00 to $75.00 and set a “buy” rating for the company in a research report on Friday. Piper Sandler reduced their price target on Elastic from $110.00 to $85.00 and set an “overweight” rating for the company in a research report on Friday, February 27th. Scotiabank reduced their price target on Elastic from $61.00 to $58.00 and set a “sector perform” rating for the company in a research report on Friday. Rothschild & Co Redburn began coverage on Elastic in a report on Thursday, April 23rd. They issued a “neutral” rating and a $49.00 price objective for the company. Finally, JPMorgan Chase & Co. cut their price objective on Elastic from $99.00 to $80.00 and set an “overweight” rating for the company in a report on Wednesday. Eighteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $80.04.

Elastic Trading Up 12.5%

Shares of ESTC stock opened at $64.82 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.82 and a current ratio of 1.82. Elastic has a 1 year low of $42.05 and a 1 year high of $96.07. The stock has a fifty day moving average of $50.38 and a two-hundred day moving average of $62.83. The firm has a market capitalization of $6.71 billion, a PE ratio of 18.52, a price-to-earnings-growth ratio of 109.01 and a beta of 0.88.

Elastic (NYSE:ESTC) last announced its quarterly earnings results on Thursday, May 28th. The company reported $0.61 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $446.66 million. During the same quarter in the previous year, the firm posted $0.47 EPS. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. 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, research analysts expect that Elastic will post 0.02 EPS for the current year.

Insider Buying and Selling

In other news, CRO Mark Eugene Dodds sold 3,723 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 $194,638.44. Following the transaction, the executive owned 152,563 shares in the company, valued at $7,975,993.64. This represents a 2.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Carolyn Herzog sold 3,989 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 $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 represents a 4.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 38,188 shares of company stock worth $1,996,469 over the last ninety days. 12.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Elastic

A number of hedge funds and other institutional investors have recently made changes to their positions in ESTC. AQR Capital Management LLC raised its stake in shares of 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 raised its stake in shares of 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 raised its stake in shares of 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 raised its stake in shares of 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. raised its stake in shares of Elastic by 490.4% during the 3rd quarter. Alyeska Investment Group L.P. now owns 1,113,503 shares of the company’s stock worth $94,080,000 after purchasing an additional 924,911 shares in the last quarter. 97.03% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Elastic

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.