Scotiabank Predicts Elastic’s FY2026 Earnings (NYSE:ESTC)

Elastic (NYSE:ESTC) – Equities researchers at Scotiabank raised their FY2026 earnings per share estimates for shares of Elastic in a research note issued on Monday, June 9th. Scotiabank analyst P. Colville now forecasts that the company will post earnings of ($0.21) per share for the year, up from their previous forecast of ($0.87). Scotiabank has a “Sector Outperform” rating and a $95.00 price objective on the stock. The consensus estimate for Elastic’s current full-year earnings is ($0.77) per share.

ESTC has been the topic of several other reports. Wall Street Zen raised Elastic from a “hold” rating to a “buy” rating in a research report on Friday, May 30th. Royal Bank of Canada lowered their price target on Elastic from $119.00 to $115.00 and set an “outperform” rating for the company in a research note on Friday, May 30th. UBS Group raised their price objective on shares of Elastic from $140.00 to $148.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Rosenblatt Securities reduced their target price on shares of Elastic from $140.00 to $130.00 and set a “buy” rating for the company in a research note on Friday, May 30th. Finally, Morgan Stanley dropped their price target on shares of Elastic from $140.00 to $120.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Eight analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Elastic presently has an average rating of “Moderate Buy” and an average target price of $113.63.

Elastic Trading Up 0.1%

NYSE ESTC opened at $83.29 on Thursday. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.70. Elastic has a 1-year low of $69.00 and a 1-year high of $123.96. The firm’s fifty day simple moving average is $84.89 and its 200-day simple moving average is $97.05. The company has a market capitalization of $8.70 billion, a PE ratio of 151.44 and a beta of 1.07.

Elastic (NYSE:ESTC) last released its quarterly earnings data on Thursday, May 29th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.10. Elastic had a net margin of 4.39% and a negative return on equity of 13.20%. The firm had revenue of $388.43 million for the quarter, compared to analyst estimates of $380.61 million. During the same quarter in the prior year, the business earned $0.21 EPS. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year.

Insider Transactions at Elastic

In other Elastic news, CEO Ashutosh Kulkarni sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $102.64, for a total value of $513,200.00. Following the completion of the transaction, the chief executive officer now owns 371,591 shares of the company’s stock, valued at $38,140,100.24. This represents a 1.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Navam Welihinda sold 2,261 shares of the firm’s stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $86.91, for a total value of $196,503.51. Following the completion of the sale, the chief financial officer now owns 133,925 shares of the company’s stock, valued at $11,639,421.75. This represents a 1.66% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 53,413 shares of company stock worth $4,720,774. Insiders own 15.90% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Elastic by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 9,352,108 shares of the company’s stock valued at $926,607,000 after buying an additional 168,483 shares during the period. Sylebra Capital LLC lifted its holdings in shares of Elastic by 62.6% during the 4th quarter. Sylebra Capital LLC now owns 4,561,462 shares of the company’s stock worth $451,950,000 after acquiring an additional 1,756,842 shares during the period. Pictet Asset Management Holding SA boosted its position in shares of Elastic by 15.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 3,429,756 shares of the company’s stock valued at $339,820,000 after acquiring an additional 462,974 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Elastic by 5,437.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,288,128 shares of the company’s stock valued at $203,872,000 after acquiring an additional 2,246,808 shares during the period. Finally, Geode Capital Management LLC increased its stake in Elastic by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 1,439,412 shares of the company’s stock valued at $142,663,000 after acquiring an additional 45,076 shares during the period. 97.03% of the stock is currently owned by institutional investors and hedge funds.

Elastic Company Profile

Elastic N.V., a data analytics company, delivers solutions designed to run in public or private clouds in multi-cloud environments. It primarily offers Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as performs search, analysis, and visualization on that data.