Mark Eugene Dodds Sells 3,723 Shares of Elastic (NYSE:ESTC) Stock

Elastic N.V. (NYSE:ESTC) CRO Mark Eugene Dodds sold 3,723 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $52.28, for a total transaction of $194,638.44. Following the completion of the transaction, the executive owned 152,563 shares in the company, valued at approximately $7,975,993.64. This trade represents a 2.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Elastic Stock Up 1.9%

Elastic stock opened at $52.82 on Thursday. The company’s 50-day moving average price is $64.56 and its two-hundred day moving average price is $76.46. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.72. The stock has a market cap of $5.47 billion, a P/E ratio of -66.03, a P/E/G ratio of 66.62 and a beta of 0.98. Elastic N.V. has a twelve month low of $49.90 and a twelve month high of $103.79.

Elastic (NYSE:ESTC) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.73 earnings per share (EPS) for the quarter, topping 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 company had revenue of $449.88 million during the quarter, compared to analysts’ expectations of $438.37 million. During the same quarter in the previous year, the company posted $0.63 earnings per share. The business’s revenue 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, analysts expect that Elastic N.V. will post -0.77 EPS for the current year.

Hedge Funds Weigh In On Elastic

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Focus Partners Wealth acquired a new stake in shares of Elastic during the 1st quarter worth $494,000. Envestnet Asset Management Inc. increased its position in shares of Elastic by 1.5% in the second quarter. Envestnet Asset Management Inc. now owns 32,215 shares of the company’s stock worth $2,717,000 after purchasing an additional 472 shares during the period. Sigma Planning Corp raised its stake in Elastic by 13.7% in the second quarter. Sigma Planning Corp now owns 4,471 shares of the company’s stock valued at $377,000 after purchasing an additional 537 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Elastic by 5.7% in the second quarter. Bank of New York Mellon Corp now owns 533,451 shares of the company’s stock valued at $44,986,000 after purchasing an additional 28,628 shares in the last quarter. Finally, Huntington National Bank lifted its position in Elastic by 97.5% during the second quarter. Huntington National Bank now owns 468 shares of the company’s stock worth $39,000 after purchasing an additional 231 shares during the period. 97.03% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Elastic

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Q4 results beat expectations and management issued FY‑2026 guidance that implies continued profitability improvement — revenue of $449.9M (beat consensus) and FY‑2026 EPS guidance of $2.50–$2.54. This supports upside expectations for earnings progression. MarketBeat ESTC Summary
• Neutral Sentiment: Institutional ownership is very high (~97%); that can stabilize liquidity but also concentrates selling/position shifts among large holders. Recent analyst coverage remains mostly favorable (consensus “Moderate Buy”) despite trimmed price targets. Analyst Summary
• Negative Sentiment: Significant insider selling occurred on March 9–10 across senior executives (CEO, CTO, CFO, CRO, CAO and others). CEO Ashutosh Kulkarni sold 17,756 shares (~4.16% of his holding) and other officers sold thousands of shares at ~ $52.28 — the volume and breadth of sales raise near‑term sentiment risk even though principals still retain large stakes. Insider Trades Alert
• Negative Sentiment: Multiple Form 4 filings available at the SEC confirm the executive sales (example: CEO form). Large, coordinated sales by multiple C‑suite members can be perceived as a signal to some investors and may cap short‑term gains. SEC Form 4 – Kulkarni

Wall Street Analysts Forecast Growth

ESTC has been the topic of a number of research reports. UBS Group decreased their price objective on Elastic from $125.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, November 21st. JPMorgan Chase & Co. dropped their target price on Elastic from $113.00 to $98.00 and set an “overweight” rating for the company in a report on Friday, February 20th. Truist Financial reduced their target price on shares of Elastic from $105.00 to $80.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Piper Sandler decreased their price target on shares of Elastic from $110.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, February 27th. Finally, 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 research report on Friday, November 21st. Seventeen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.25.

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.