Elastic N.V. (NYSE:ESTC) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Elastic N.V. (NYSE:ESTC) have been given an average recommendation of “Moderate Buy” by the thirty-one brokerages that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation, eighteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $119.00.

Several analysts have recently weighed in on ESTC shares. Mizuho lifted their target price on shares of Elastic from $100.00 to $119.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Rosenblatt Securities reaffirmed a “buy” rating and set a $130.00 price objective on shares of Elastic in a report on Friday, August 29th. Wall Street Zen raised Elastic from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. UBS Group boosted their price target on Elastic from $95.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Finally, Guggenheim upped their price target on Elastic from $107.00 to $122.00 and gave the company a “buy” rating in a research report on Friday, August 29th.

Insider Transactions at Elastic

In other Elastic news, insider Carolyn Herzog sold 5,143 shares of the company’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $90.12, for a total transaction of $463,487.16. Following the sale, the insider directly owned 94,677 shares of the company’s stock, valued at approximately $8,532,291.24. This represents a 5.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Shay Banon sold 104,326 shares of Elastic stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $90.34, for a total transaction of $9,424,810.84. Following the completion of the transaction, the chief technology officer owned 4,363,780 shares of the company’s stock, valued at $394,223,885.20. This trade represents a 2.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 352,042 shares of company stock valued at $31,087,394. 12.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. grew its stake in shares of Elastic by 30.4% during the first quarter. Envestnet Asset Management Inc. now owns 31,743 shares of the company’s stock valued at $2,828,000 after purchasing an additional 7,395 shares during the last quarter. Cerity Partners LLC lifted its holdings in Elastic by 548.7% during the 1st quarter. Cerity Partners LLC now owns 24,489 shares of the company’s stock worth $2,182,000 after buying an additional 20,714 shares in the last quarter. Signaturefd LLC boosted its position in Elastic by 53.7% in the 1st quarter. Signaturefd LLC now owns 335 shares of the company’s stock valued at $30,000 after buying an additional 117 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Elastic by 71.0% in the 1st quarter. Victory Capital Management Inc. now owns 18,189 shares of the company’s stock valued at $1,621,000 after buying an additional 7,552 shares during the period. Finally, Kestra Private Wealth Services LLC bought a new stake in shares of Elastic during the first quarter worth $204,000. Institutional investors and hedge funds own 97.03% of the company’s stock.

Elastic Trading Down 0.6%

Shares of ESTC opened at $90.77 on Monday. The stock’s 50-day moving average price is $87.13 and its 200 day moving average price is $85.51. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $9.65 billion, a price-to-earnings ratio of -113.46 and a beta of 1.04. Elastic has a 12-month low of $70.14 and a 12-month high of $118.84.

Elastic (NYSE:ESTC) last released its quarterly earnings data on Thursday, August 28th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.50). Elastic had a negative net margin of 5.38% and a negative return on equity of 1.68%. The firm had revenue of $415.29 million for the quarter, compared to the consensus estimate of $397.13 million. During the same quarter in the prior year, the firm posted $0.35 earnings per share. The business’s revenue for the quarter was up 19.5% on a year-over-year basis. Elastic has set its FY 2026 guidance at 2.290-2.350 EPS. Q2 2026 guidance at 0.560-0.580 EPS. As a group, research analysts predict that Elastic will post -0.77 earnings per share for the current year.

Elastic declared that its Board of Directors has initiated a stock repurchase plan on Thursday, October 9th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

About Elastic

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.