Insider Selling: Elastic (NYSE:ESTC) CRO Sells $925,800.00 in Stock

Elastic N.V. (NYSE:ESTC) CRO Mark Dodds sold 10,000 shares of the stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $92.58, for a total value of $925,800.00. Following the completion of the transaction, the executive owned 278,538 shares of the company’s stock, valued at $25,787,048.04. The trade was a 3.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Mark Eugene Dodds also recently made the following trade(s):

• On Wednesday, September 9th, Mark Dodds sold 9,673 shares of Elastic stock. The stock was sold at an average price of $87.78, for a total transaction of $849,095.94.

Elastic Price Performance

Shares of NYSE ESTC opened at $95.34 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.81 and a current ratio of 1.81. Elastic N.V. has a one year low of $42.05 and a one year high of $108.00. The firm has a market capitalization of $10.01 billion, a P/E ratio of 26.71, a PEG ratio of 7.82 and a beta of 1.03. The company’s fifty day moving average is $85.85 and its two-hundred day moving average is $65.97.

Elastic (NYSE:ESTC) last announced its quarterly earnings results on Thursday, August 27th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.12. The business had revenue of $478.11 million during the quarter, compared to the consensus estimate of $469.75 million. Elastic had a net margin of 20.84% and a negative return on equity of 0.35%. The business’s revenue was up 15.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.60 EPS. Elastic has set its FY 2027 guidance at 3.290-3.370 EPS and its Q2 2027 guidance at 0.800-0.820 EPS. Analysts forecast that Elastic N.V. will post 0.65 EPS for the current fiscal year.

Elastic News Summary

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Elastic announced AlertZero, a team of specialized AI agents designed to support the security operations lifecycle. The offering reinforces Elastic’s strategy of using AI to automate threat detection, investigation and response. Elastic Announces AlertZero
• Positive Sentiment: The company unveiled a private preview of Elastic nightshift AI SRE, an AI agent for Observability that continuously investigates issues across an organization’s technology stack, tests multiple root-cause hypotheses and provides supporting context. The product could improve Elastic’s appeal to enterprises seeking automated IT operations and incident response. Elastic Introduces Elastic nightshift AI SRE
• Positive Sentiment: Gartner recognized Elastic as a Leader in Enterprise AI Search, citing its execution and vision and ranking it first or second across every evaluated use case. The endorsement may support customer acquisition and validate Elastic’s AI-search positioning. Elastic Gartner recognition
• Neutral Sentiment: Recent commentary is divided: one analysis describes Elastic as a potential AI software winner, while another argues that stronger customer commitments have not yet resolved the economics of the opportunity. A separate analysis warns that competitive pressure could offset AI-related growth. Elastic: The Next AI Software Winner
• Negative Sentiment: Insider selling represents a potential confidence signal for investors. CRO Mark Dodds sold 10,000 shares, while co-founder Steven Schuurman reportedly sold 1.5 million shares. These transactions do not necessarily indicate deteriorating fundamentals, but they add selling pressure after the stock’s strong advance. Steven Schuurman insider sale

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC lifted its stake in Elastic by 61.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,470 shares of the company’s stock valued at $135,000 after buying an additional 562 shares in the last quarter. Farther Finance Advisors LLC increased its position in Elastic by 49.8% during the third quarter. Farther Finance Advisors LLC now owns 1,709 shares of the company’s stock worth $157,000 after buying an additional 568 shares in the last quarter. Artemis Investment Management LLP acquired a new position in shares of Elastic in the third quarter worth $9,109,000. Ausbil Investment Management Ltd acquired a new position in shares of Elastic in the third quarter worth $679,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of Elastic in the second quarter valued at $211,000. 97.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ESTC. Morgan Stanley upped their price target on Elastic from $66.00 to $75.00 and gave the stock an “equal weight” rating in a report on Friday, August 28th. JPMorgan Chase & Co. lifted their price objective on Elastic from $93.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, August 28th. Stifel Nicolaus boosted their target price on Elastic from $90.00 to $107.00 and gave the stock a “buy” rating in a research report on Friday, August 28th. UBS Group upped their target price on Elastic from $85.00 to $105.00 and gave the company a “buy” rating in a report on Friday, August 28th. Finally, Zacks Research upgraded Elastic from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 28th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and thirteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, Elastic has an average rating of “Moderate Buy” and an average price target of $96.52.

Elastic Company Profile

Elastic N.V. (NYSE: ESTC) develops search, observability and security software for organizations that need to collect, analyze and act on large volumes of data. Its platform helps users search structured and unstructured information, monitor applications and infrastructure, detect security threats and build artificial intelligence-powered experiences.

The company’s principal offerings include Elasticsearch, its distributed search and analytics engine; Kibana, a visualization and data exploration interface; and Elastic Cloud, a managed cloud service for deploying Elastic products.