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

Shares of Elastic N.V. (NYSE:ESTC) have been given a consensus rating of “Moderate Buy” by the twenty-nine analysts that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and seventeen have given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $104.8750.

A number of analysts recently issued reports on ESTC shares. Stifel Nicolaus decreased their price objective on Elastic from $134.00 to $108.00 and set a “buy” rating on the stock in a research note on Friday, November 21st. Weiss Ratings reiterated a “sell (d)” rating on shares of Elastic in a research report on Wednesday, January 21st. Cantor Fitzgerald lowered their price target on shares of Elastic from $94.00 to $85.00 and set a “neutral” rating on the stock in a report on Friday, November 21st. Royal Bank Of Canada reduced their price objective on shares of Elastic from $115.00 to $95.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Finally, Bank of America lowered their target price on shares of Elastic from $111.00 to $90.00 and set a “neutral” rating on the stock in a research note on Friday, November 21st.

Insider Activity at Elastic

In related news, CRO Mark Eugene Dodds sold 5,800 shares of the stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $74.60, for a total transaction of $432,680.00. Following the completion of the sale, the executive directly owned 161,484 shares in the company, valued at $12,046,706.40. This represents a 3.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Paul R. Auvil III purchased 10,000 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was bought at an average cost of $71.02 per share, for a total transaction of $710,200.00. Following the completion of the purchase, the director directly owned 37,956 shares in the company, valued at approximately $2,695,635.12. This trade represents a 35.77% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 61,828 shares of company stock worth $4,641,010 in the last 90 days. Corporate insiders own 12.70% of the company’s stock.

Institutional Investors Weigh In On Elastic

A number of large investors have recently modified their holdings of the stock. Sound Income Strategies LLC purchased a new stake in shares of Elastic in the 4th quarter worth approximately $25,000. Geneos Wealth Management Inc. bought a new stake in Elastic in the second quarter worth $31,000. Huntington National Bank grew its stake in shares of Elastic by 97.5% in the second quarter. Huntington National Bank now owns 468 shares of the company’s stock worth $39,000 after acquiring an additional 231 shares during the last quarter. Plato Investment Management Ltd purchased a new stake in shares of Elastic in the second quarter worth $40,000. Finally, Activest Wealth Management increased its holdings in shares of Elastic by 3,181.3% during the fourth quarter. Activest Wealth Management now owns 525 shares of the company’s stock valued at $40,000 after acquiring an additional 509 shares in the last quarter. Institutional investors own 97.03% of the company’s stock.

Elastic Trading Down 2.9%

Shares of Elastic stock opened at $65.77 on Friday. The stock has a market capitalization of $6.93 billion, a PE ratio of -63.85, a price-to-earnings-growth ratio of 275.47 and a beta of 0.92. The stock has a 50 day moving average price of $74.04 and a two-hundred day moving average price of $81.16. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.97 and a current ratio of 1.97. Elastic has a 52 week low of $65.39 and a 52 week high of $118.84.

Elastic (NYSE:ESTC) last released its quarterly earnings data on Thursday, November 20th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.06. The firm had revenue of $423.48 million for the quarter, compared to analyst estimates of $418.27 million. Elastic had a negative net margin of 6.79% and a negative return on equity of 2.02%. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period last year, the firm earned $0.59 earnings per share. Elastic has set its Q3 2026 guidance at 0.630-0.65 EPS. As a group, equities analysts anticipate that Elastic will post -0.77 earnings per share for the current fiscal year.

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

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.