Carolyn Herzog Sells 10,000 Shares of Elastic (NYSE:ESTC) Stock

Elastic N.V. (NYSE:ESTC) insider Carolyn Herzog sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $93.67, for a total transaction of $936,700.00. Following the sale, the insider directly owned 118,439 shares in the company, valued at $11,094,181.13. This represents a 7.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Carolyn Herzog also recently made the following trade(s):

• On Tuesday, June 9th, Carolyn Herzog sold 9,485 shares of Elastic stock. The stock was sold at an average price of $60.61, for a total transaction of $574,885.85.

Elastic Stock Performance

Elastic stock opened at $96.27 on Friday. Elastic N.V. has a 1 year low of $42.05 and a 1 year high of $108.00. The company’s 50-day moving average is $71.17 and its two-hundred day moving average is $59.94. The company has a current ratio of 1.81, a quick ratio of 1.68 and a debt-to-equity ratio of 0.44. The company has a market cap of $10.11 billion, a PE ratio of 26.97, a PEG ratio of 8.68 and a beta of 1.03.

Elastic (NYSE:ESTC) last posted its earnings results on Thursday, August 27th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.12. Elastic had a negative return on equity of 0.35% and a net margin of 20.84%.The company had revenue of $478.11 million during the quarter, compared to analyst estimates of $469.75 million. During the same period in the previous year, the company earned $0.60 EPS. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. Elastic has set its FY 2027 guidance at 3.290-3.370 EPS and its Q2 2027 guidance at 0.800-0.820 EPS. Equities analysts anticipate that Elastic N.V. will post 0.56 earnings per share for the current year.

Hedge Funds Weigh In On Elastic

Institutional investors have recently bought and sold shares of the company. Bessemer Group Inc. purchased a new stake in Elastic during the first quarter valued at about $25,000. Basecamp Wealth Advisors LLC bought a new stake in shares of Elastic during the 1st quarter worth $28,000. Geneos Wealth Management Inc. purchased a new position in shares of Elastic in the 2nd quarter worth about $31,000. Harbor Investment Advisory LLC purchased a new stake in Elastic in the second quarter worth approximately $42,000. Finally, Aster Capital Management DIFC Ltd lifted its holdings in shares of Elastic by 206.1% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 551 shares of the company’s stock worth $42,000 after acquiring an additional 371 shares during the last quarter. Hedge funds and other institutional investors own 97.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ESTC. Wall Street Zen downgraded shares of Elastic from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. DA Davidson upped their price target on shares of Elastic from $60.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, August 26th. Scotiabank raised their target price on shares of Elastic from $58.00 to $84.00 and gave the company a “sector perform” rating in a research report on Friday, August 28th. Oppenheimer boosted their price objective on shares of Elastic from $100.00 to $118.00 and gave the stock an “outperform” rating in a research note on Friday, August 28th. Finally, Wolfe Research set a $55.00 price objective on Elastic in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and thirteen have given a Hold rating to the company’s stock. According to MarketBeat.com, Elastic has a consensus rating of “Moderate Buy” and a consensus target price of $94.12.

Elastic News Summary

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Elastic announced plans to integrate OpenAI GPT cyber models directly into Elastic Security. The models are intended to help security teams triage alerts, investigate threats, build detections and accelerate remediation without requiring customers to manage separate AI infrastructure. The partnership strengthens Elastic’s position in the fast-growing AI-powered cybersecurity market. Elastic Brings OpenAI GPT Cyber Models Into Elastic Security
• Positive Sentiment: The latest quarterly report provided a solid fundamental backdrop: adjusted earnings per share of $0.70 exceeded the $0.58 consensus estimate, while revenue of $478.11 million topped expectations of $469.75 million and increased 15.2% year over year. Fiscal 2027 earnings guidance of $3.29 to $3.37 per share and upward earnings-estimate revisions are supporting the bullish case. Can Elastic Run Higher on Rising Earnings Estimates?
• Neutral Sentiment: Analyst opinion remains mixed after the earnings-driven rally. UBS raised its price target to $105 and maintained a Buy rating, while DA Davidson and Bank of America kept Neutral ratings despite higher targets. The consensus rating is Moderate Buy, with an average price target of $94.12, suggesting limited upside at recent levels.
• Negative Sentiment: Several insiders sold shares following the rally. CTO Shay Banon sold 476,298 shares for approximately $44.5 million across August 31 through September 2, while other insiders sold additional shares. Although executives retain substantial holdings and sales may reflect profit-taking, the concentrated insider selling could weigh on sentiment and raise valuation concerns. Elastic Insider Sale Filings

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.