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

Elastic N.V. (NYSE:ESTC) has been assigned an average recommendation of “Moderate Buy” from the twenty-nine brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and seventeen have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $95.25.

A number of research analysts recently issued reports on ESTC shares. Truist Financial decreased their price objective on shares of Elastic from $105.00 to $80.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Rosenblatt Securities cut their target price on Elastic from $130.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, January 30th. Barclays reduced their target price on Elastic from $78.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. Oppenheimer lowered their price target on Elastic from $100.00 to $85.00 and set an “outperform” rating for the company in a report on Friday, February 27th. Finally, Royal Bank Of Canada dropped their price objective on Elastic from $115.00 to $95.00 and set an “outperform” rating for the company in a research report on Monday, January 5th.

Insider Activity

In other news, CRO Mark Eugene Dodds sold 3,723 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $52.28, for a total value of $194,638.44. Following the completion of the transaction, the executive owned 152,563 shares of the company’s stock, valued at approximately $7,975,993.64. This represents a 2.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ken Exner sold 4,310 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $52.28, for a total transaction of $225,326.80. Following the completion of the sale, the insider owned 222,728 shares in the company, valued at approximately $11,644,219.84. The trade was a 1.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 39,375 shares of company stock valued at $2,091,797. Corporate insiders own 12.70% of the company’s stock.

Institutional Trading of Elastic

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Corient Private Wealth LLC increased its holdings in shares of Elastic by 148.2% during the fourth quarter. Corient Private Wealth LLC now owns 9,979 shares of the company’s stock worth $753,000 after buying an additional 5,958 shares in the last quarter. Redwood Family Wealth LLC acquired a new stake in shares of Elastic during the 4th quarter valued at $248,000. Pacer Advisors Inc. grew its position in Elastic by 80.9% during the 4th quarter. Pacer Advisors Inc. now owns 10,539 shares of the company’s stock worth $795,000 after acquiring an additional 4,714 shares during the last quarter. Kera Capital Partners Inc. grew its position in Elastic by 129.8% during the 4th quarter. Kera Capital Partners Inc. now owns 10,482 shares of the company’s stock worth $791,000 after acquiring an additional 5,920 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in Elastic by 17.6% in the 4th quarter. Invesco Ltd. now owns 128,844 shares of the company’s stock worth $9,720,000 after purchasing an additional 19,304 shares in the last quarter. Institutional investors own 97.03% of the company’s stock.

Elastic Trading Down 3.4%

ESTC opened at $53.30 on Friday. The stock has a market capitalization of $5.52 billion, a price-to-earnings ratio of -66.62, a P/E/G ratio of 68.49 and a beta of 0.98. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.72. Elastic has a twelve month low of $49.90 and a twelve month high of $103.79. The company has a 50-day simple moving average of $61.45 and a 200 day simple moving average of $75.01.

Elastic (NYSE:ESTC) last released its earnings results on Thursday, February 26th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.64 by $0.09. Elastic had a negative net margin of 5.04% and a negative return on equity of 2.34%. The firm had revenue of $449.88 million for the quarter, compared to analyst estimates of $438.37 million. During the same period last year, the firm earned $0.63 EPS. The business’s quarterly revenue was up 17.7% compared to the same quarter last year. Elastic has set its FY 2026 guidance at 2.500-2.540 EPS and its Q4 2026 guidance at 0.550-0.570 EPS. Analysts predict that Elastic will post -0.77 EPS for the current fiscal year.

Elastic Company Profile

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.