Mark Eugene Dodds Sells 18,439 Shares of Elastic (NYSE:ESTC) Stock

Elastic N.V. (NYSE:ESTC) CRO Mark Eugene Dodds sold 18,439 shares of the stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $60.61, for a total transaction of $1,117,587.79. Following the sale, the executive directly owned 298,211 shares in the company, valued at approximately $18,074,568.71. The trade was a 5.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Elastic Price Performance

NYSE:ESTC opened at $60.25 on Friday. The company has a quick ratio of 1.82, a current ratio of 1.68 and a debt-to-equity ratio of 0.45. Elastic N.V. has a 52 week low of $42.05 and a 52 week high of $96.07. The stock’s 50-day moving average price is $52.59 and its 200-day moving average price is $61.10. The stock has a market capitalization of $6.26 billion, a PE ratio of 17.22, a price-to-earnings-growth ratio of 20.10 and a beta of 1.00.

Elastic (NYSE:ESTC) last released its quarterly earnings results on Thursday, May 28th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.05. The company had revenue of $450.68 million during the quarter, compared to analysts’ expectations of $446.66 million. Elastic had a negative return on equity of 1.82% and a net margin of 21.14%.Elastic’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.47 EPS. 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 expect that Elastic N.V. will post 0.18 EPS for the current fiscal year.

Key Headlines Impacting Elastic

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Elastic’s presentation at Rosenblatt’s 6th Annual Age of AI Technology Summit kept its AI-related growth narrative in focus, which may help support sentiment around the company’s product momentum and long-term opportunity. Elastic N.V. Presents at Rosenblatt 6th Annual Age of AI Technology Summit Transcript
• Neutral Sentiment: Elastic reported a strong latest quarter, beating EPS and revenue expectations and raising forward guidance, which continues to provide a fundamental backdrop for the stock.
• Neutral Sentiment: Institutional ownership remains high, suggesting continued support from large investors despite recent volatility.
• Negative Sentiment: Multiple top insiders, including CEO Ashutosh Kulkarni, CFO Navam Welihinda, CTO Shay Banon, CRO Mark Eugene Dodds, CAO Jane Bone, and other executives, sold shares on June 9. The company says these were tied to tax withholding on equity vesting, but the size and breadth of the sales can still weigh on investor sentiment. Elastic Insider Buying and Selling Alert
• Negative Sentiment: Elastic also disclosed a new risk around regulatory hurdles and budget pressures in government contracting, which could make public-sector revenue less predictable if procurement slows or spending tightens. Government Contract Risks Cloud Elastic Revenue Outlook

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on ESTC shares. Scotiabank dropped their price target on shares of Elastic from $61.00 to $58.00 and set a “sector perform” rating on the stock in a research note on Friday, May 29th. Rothschild & Co Redburn started coverage on shares of Elastic in a research report on Thursday, April 23rd. They set a “neutral” rating and a $49.00 price objective for the company. DA Davidson decreased their price objective on shares of Elastic from $65.00 to $60.00 and set a “neutral” rating on the stock in a report on Friday, May 29th. Wolfe Research set a $55.00 target price on shares of Elastic in a research report on Friday, May 29th. Finally, Citigroup upped their price target on shares of Elastic from $95.00 to $104.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Eighteen investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $80.04.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Sound Income Strategies LLC acquired a new stake in Elastic in the 4th quarter valued at approximately $25,000. Geneos Wealth Management Inc. acquired a new position in Elastic during the second quarter worth $31,000. Bessemer Group Inc. purchased a new position in shares of Elastic during the first quarter worth $25,000. Activest Wealth Management boosted its position in shares of Elastic by 3,181.3% during the fourth quarter. Activest Wealth Management now owns 525 shares of the company’s stock worth $40,000 after buying an additional 509 shares during the period. Finally, Aster Capital Management DIFC Ltd grew its stake in shares of Elastic by 206.1% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 551 shares of the company’s stock valued at $42,000 after buying an additional 371 shares in the last quarter. Hedge funds and other institutional investors own 97.03% of the company’s stock.

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.