Insider Selling: Elastic (NYSE:ESTC) CEO Sells $928,283.68 in Stock

Elastic N.V. (NYSE:ESTC) CEO Ashutosh Kulkarni sold 17,756 shares of the business’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 $928,283.68. Following the sale, the chief executive officer owned 409,145 shares in the company, valued at $21,390,100.60. This represents a 4.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ashutosh Kulkarni also recently made the following trade(s):

• On Monday, December 15th, Ashutosh Kulkarni sold 5,000 shares of Elastic stock. The shares were sold at an average price of $74.60, for a total transaction of $373,000.00.

Elastic Trading Down 2.3%

Elastic stock opened at $51.64 on Friday. Elastic N.V. has a 52 week low of $49.90 and a 52 week high of $103.79. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.82 and a current ratio of 1.82. The firm has a market capitalization of $5.34 billion, a price-to-earnings ratio of -64.54, a P/E/G ratio of 67.90 and a beta of 0.98. The company has a 50 day moving average price of $64.08 and a 200 day moving average price of $76.29.

Elastic (NYSE:ESTC) last announced its earnings results on Thursday, February 26th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.09. The company had revenue of $449.88 million for the quarter, compared to the consensus estimate of $438.37 million. Elastic had a negative net margin of 5.04% and a negative return on equity of 2.34%. The company’s revenue was up 17.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.63 EPS. 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 forecast that Elastic N.V. will post -0.77 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ESTC shares. Wedbush reduced their price objective on Elastic from $110.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday, November 21st. Weiss Ratings reiterated a “sell (d)” rating on shares of Elastic in a report on Wednesday, January 21st. Bank of America decreased their price target on shares of Elastic from $111.00 to $90.00 and set a “neutral” rating for the company in a report on Friday, November 21st. DA Davidson lowered their price objective on shares of Elastic from $80.00 to $65.00 and set a “neutral” rating on the stock in a research report on Monday, March 2nd. Finally, Royal Bank Of Canada cut their target price on shares of Elastic from $115.00 to $95.00 and set an “outperform” rating for the company in a research report on Monday, January 5th. Seventeen equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Elastic currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.25.

Institutional Investors Weigh In On Elastic

Several institutional investors have recently made changes to their positions in the company. Sound Income Strategies LLC bought a new stake in shares of Elastic in the 4th quarter valued at approximately $25,000. Geneos Wealth Management Inc. acquired a new position in Elastic in the second quarter worth approximately $31,000. Huntington National Bank raised its position in Elastic by 97.5% during the second quarter. Huntington National Bank now owns 468 shares of the company’s stock valued at $39,000 after acquiring an additional 231 shares in the last quarter. Activest Wealth Management raised its position in 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. Finally, Aster Capital Management DIFC Ltd lifted its stake in Elastic by 206.1% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 551 shares of the company’s stock valued at $42,000 after acquiring an additional 371 shares during the last quarter. 97.03% of the stock is currently 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.