Elastic (NYSE:ESTC) CAO Jane Bone Sells 1,542 Shares of Stock

Elastic N.V. (NYSE:ESTC) CAO Jane Bone sold 1,542 shares of the business’s stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $87.78, for a total value of $135,356.76. Following the transaction, the chief accounting officer owned 47,697 shares in the company, valued at approximately $4,186,842.66. This represents a 3.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Elastic Price Performance

NYSE:ESTC opened at $83.45 on Friday. Elastic N.V. has a one year low of $42.05 and a one year high of $108.00. The stock has a market cap of $8.76 billion, a PE ratio of 23.38, a P/E/G ratio of 8.39 and a beta of 1.03. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.81 and a current ratio of 1.81. The stock has a 50 day moving average price of $74.28 and a 200 day moving average price of $60.91.

Elastic (NYSE:ESTC) last released its quarterly earnings data on Thursday, August 27th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.12. The company had revenue of $478.11 million for the quarter, compared to analyst estimates of $469.75 million. Elastic had a negative return on equity of 0.35% and a net margin of 20.84%.The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 earnings per share. 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 research analysts expect that Elastic N.V. will post 0.56 EPS for the current fiscal year.

Institutional Trading of Elastic

Several institutional investors and hedge funds have recently made changes to their positions in ESTC. Geneos Wealth Management Inc. acquired a new position in Elastic in the 2nd quarter valued at about $31,000. Bessemer Group Inc. acquired a new position in Elastic in the 1st quarter valued at $25,000. Aster Capital Management DIFC Ltd raised its position in Elastic by 206.1% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 551 shares of the company’s stock worth $42,000 after buying an additional 371 shares during the last quarter. Basecamp Wealth Advisors LLC acquired a new stake in shares of Elastic in the 1st quarter worth $28,000. Finally, Quarry LP boosted its holdings in shares of Elastic by 16,200.0% in the fourth quarter. Quarry LP now owns 652 shares of the company’s stock valued at $49,000 after acquiring an additional 648 shares in the last quarter. 97.03% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Elastic

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Short interest fell 39% to 3.87 million shares as of August 31, equal to about 4.2% of outstanding shares and only 1.1 days of average trading volume. The decline suggests reduced bearish positioning and could provide technical support for Elastic stock.
• Positive Sentiment: Elastic’s latest quarterly results exceeded expectations, with earnings of $0.70 per share versus the $0.58 consensus and revenue of $478.1 million versus estimates of $469.8 million. Revenue increased 15.2% year over year, while management issued fiscal 2027 EPS guidance of $3.29 to $3.37.
• Positive Sentiment: Wall Street remains broadly constructive, with a consensus “Moderate Buy” rating and an average price target of $94.12. Oppenheimer recently raised its target to $118 and maintained an “outperform” rating, reflecting optimism about Elastic’s AI-search and enterprise software opportunities. Elastic’s 2026 Outlook: AI Search Integration Fuels Enterprise Customer Retention
• Neutral Sentiment: Institutional ownership remains high at approximately 97%. Several funds increased their positions during the second quarter, including California State Teachers’ Retirement System and Squarepoint Ops, indicating continued institutional interest, although these holdings may reflect earlier investment decisions.
• Negative Sentiment: Multiple executives sold shares after Elastic’s recent rally. CEO Ashutosh Kulkarni, CFO Navam Welihinda, CRO Mark Dodds, CAO Jane Bone and insider Carolyn Herzog collectively sold 54,888 shares for about $4.8 million on September 9. The transactions were made to cover tax withholding tied to vested equity awards, which makes them less bearish than discretionary sales but can still weigh on sentiment.
• Negative Sentiment: CTO Shay Banon has conducted a much larger series of sales, including 80,583 shares for approximately $7.5 million on September 4 and additional sales totaling hundreds of thousands of shares in late August and early September. Although he retained more than 4.1 million shares, the repeated selling may raise concerns about insider conviction following the stock’s strong advance. Elastic CTO Shay Banon Sells 80,583 Shares of Stock

Analyst Ratings Changes

ESTC has been the subject of several recent analyst reports. Wells Fargo & Company raised their price objective on shares of Elastic from $60.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 25th. Scotiabank increased their price target on shares of Elastic from $58.00 to $84.00 and gave the company a “sector perform” rating in a research note on Friday, August 28th. Needham & Company LLC restated a “hold” rating on shares of Elastic in a report on Friday, August 28th. Weiss Ratings upgraded Elastic from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, July 15th. Finally, Canaccord Genuity Group increased their price objective on Elastic from $80.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, August 28th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $94.12.

Elastic Company Profile

Elastic N.V. develops search, observability and security software for organizations that need to find, analyze and act on data. Its core technology, Elasticsearch, is a distributed search and analytics engine that can process structured and unstructured information from applications, websites, logs and other sources.

The company offers its platform through Elastic Cloud, a managed cloud service available across major public-cloud environments, as well as through self-managed deployments.