Elastic (NYSE:ESTC) Upgraded at Rothschild & Co Redburn

Rothschild & Co Redburn upgraded shares of Elastic (NYSE:ESTC) to a hold rating in a research note released on Thursday,Zacks.com reports.

A number of other brokerages have also commented on ESTC. Jefferies Financial Group decreased their price objective on Elastic from $105.00 to $95.00 and set a “buy” rating on the stock in a report on Monday, January 5th. JPMorgan Chase & Co. decreased their price objective on Elastic from $113.00 to $98.00 and set an “overweight” rating on the stock in a report on Friday, February 20th. Canaccord Genuity Group decreased their price objective on Elastic from $115.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Morgan Stanley decreased their price objective on Elastic from $80.00 to $73.00 and set an “overweight” rating on the stock in a report on Monday, March 2nd. Finally, Piper Sandler decreased their price objective on Elastic from $110.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. Seventeen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Elastic currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.77.

Elastic Stock Up 1.3%

ESTC opened at $46.36 on Thursday. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.72. The stock’s fifty day simple moving average is $51.89 and its 200 day simple moving average is $68.26. Elastic has a 1-year low of $42.05 and a 1-year high of $96.07. The stock has a market cap of $4.80 billion, a PE ratio of -57.96, a price-to-earnings-growth ratio of 54.26 and a beta of 1.03.

Elastic (NYSE:ESTC) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.09. Elastic had a negative return on equity of 2.34% and a negative net margin of 5.04%.The firm had revenue of $449.88 million for the quarter, compared to analyst estimates of $438.37 million. During the same period in the prior year, the firm posted $0.63 EPS. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. Elastic has set its FY 2026 guidance at 2.500-2.540 EPS and its Q4 2026 guidance at 0.550-0.570 EPS. As a group, research analysts expect that Elastic will post 0.04 earnings per share for the current year.

Insider Activity at Elastic

In other news, CTO Shay Banon sold 4,283 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $52.28, for a total transaction of $223,915.24. Following the sale, the chief technology officer directly owned 4,354,945 shares of the company’s stock, valued at approximately $227,676,524.60. This represents a 0.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Carolyn Herzog sold 3,989 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $52.28, for a total value of $208,544.92. Following the sale, the insider directly owned 85,335 shares in the company, valued at approximately $4,461,313.80. This trade represents a 4.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 38,188 shares of company stock worth $1,996,469 in the last quarter. 12.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Elastic

Several large investors have recently bought and sold shares of the business. Orion Porfolio Solutions LLC boosted its stake in Elastic by 1.4% in the third quarter. Orion Porfolio Solutions LLC now owns 8,593 shares of the company’s stock valued at $726,000 after buying an additional 118 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Elastic by 17.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,159 shares of the company’s stock valued at $98,000 after buying an additional 171 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in Elastic by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 28,323 shares of the company’s stock valued at $2,393,000 after buying an additional 175 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Elastic by 6.9% in the third quarter. Jones Financial Companies Lllp now owns 3,020 shares of the company’s stock valued at $260,000 after buying an additional 194 shares in the last quarter. Finally, California State Teachers Retirement System boosted its stake in Elastic by 0.3% in the second quarter. California State Teachers Retirement System now owns 83,403 shares of the company’s stock valued at $7,033,000 after buying an additional 219 shares in the last quarter. 97.03% of the stock is owned by institutional investors and hedge funds.

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.