DA Davidson Lowers Elastic (NYSE:ESTC) Price Target to $65.00

Elastic (NYSE:ESTC) had its price target reduced by equities researchers at DA Davidson from $80.00 to $65.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. DA Davidson’s price target indicates a potential upside of 23.57% from the company’s previous close.

A number of other equities analysts also recently issued reports on ESTC. Royal Bank Of Canada cut their price objective on shares of Elastic from $115.00 to $95.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. Truist Financial dropped their price target on shares of Elastic from $105.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. TD Cowen reaffirmed a “hold” rating on shares of Elastic in a research report on Monday, February 23rd. JPMorgan Chase & Co. decreased their price objective on shares of Elastic from $113.00 to $98.00 and set an “overweight” rating for the company in a research note on Friday, February 20th. Finally, Rosenblatt Securities dropped their target price on shares of Elastic from $130.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. Seventeen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Elastic has an average rating of “Moderate Buy” and an average target price of $95.25.

Elastic Price Performance

ESTC stock opened at $52.60 on Monday. The company has a market capitalization of $5.44 billion, a P/E ratio of -65.75, a price-to-earnings-growth ratio of 110.15 and a beta of 0.98. 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 $49.90 and a 52-week high of $109.92. The business has a 50-day simple moving average of $67.42 and a two-hundred day simple moving average of $77.52.

Elastic (NYSE:ESTC) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.64 by $0.09. The firm had revenue of $449.88 million during the quarter, compared to the consensus estimate of $438.37 million. Elastic had a negative return on equity of 2.25% and a negative net margin of 5.04%.The company’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.63 earnings per share. Elastic has set its FY 2026 guidance at 2.500-2.540 EPS and its Q4 2026 guidance at 0.550-0.570 EPS. Research analysts expect that Elastic will post -0.77 EPS for the current fiscal year.

Insider Transactions at Elastic

In other Elastic news, insider Ken Exner sold 6,544 shares of the company’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $75.05, for a total transaction of $491,127.20. Following the sale, the insider directly owned 227,038 shares of the company’s stock, valued at $17,039,201.90. This represents a 2.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Navam Welihinda sold 1,046 shares of the stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $74.51, for a total transaction of $77,937.46. Following the transaction, the chief financial officer owned 123,874 shares of the company’s stock, valued at $9,229,851.74. This represents a 0.84% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 61,828 shares of company stock valued at $4,641,010. 12.70% of the stock is currently owned by insiders.

Institutional Trading of Elastic

Institutional investors have recently modified their holdings of the business. Sound Income Strategies LLC purchased a new position in Elastic in the 4th quarter valued at approximately $25,000. Geneos Wealth Management Inc. purchased a new position in shares of Elastic in the second quarter valued at $31,000. Huntington National Bank grew its position in shares of Elastic by 97.5% in the second quarter. Huntington National Bank now owns 468 shares of the company’s stock valued at $39,000 after purchasing an additional 231 shares in the last quarter. Plato Investment Management Ltd bought a new stake in shares of Elastic during the 2nd quarter valued at $40,000. Finally, Activest Wealth Management lifted its holdings in Elastic by 3,181.3% during the 4th quarter. Activest Wealth Management now owns 525 shares of the company’s stock worth $40,000 after purchasing an additional 509 shares in the last quarter. 97.03% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Elastic

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Q4 results and reception: Elastic reported an earnings and revenue beat (EPS $0.73 vs. $0.64 expected; revenue $449.9M vs. $438.4M expected), and coverage noted the stock’s Russell 1000 move after the beat — a near-term bullish fundamental catalyst. Read More.
• Positive Sentiment: Morgan Stanley keeps an Overweight view despite trimming its target from $80 to $73, which still implies material upside versus current levels and signals continued conviction in Elastic’s growth trajectory. Read More.
• Neutral Sentiment: Investor detail: Elastic presented at the Morgan Stanley TMT conference (transcript published), providing additional management commentary and visibility into product/strategy execution — useful for investors but not an immediate price catalyst. Read More.
• Neutral Sentiment: TD Cowen adjusted its financial model and trimmed its price target to $70 (from $85) while reiterating a Hold, signaling tempered near-term expectations but not an outright sell signal. Read More.
• Neutral Sentiment: DA Davidson lowered its target from $80 to $65 and put a Neutral rating on the stock — a downgrade in expectations that nevertheless leaves room for upside versus current prices. Read More.
• Neutral Sentiment: Sector context: coverage of peers and sector rotations (e.g., mentions in market roundups) may be redirecting flows away from some software names; this is background pressure rather than company‑specific news. Read More.
• Negative Sentiment: Truist trimmed its price target to $80, another same‑day cut that contributes to negative sentiment and selling pressure despite the target remaining above current levels. Read More.

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.