Elastic N.V. (NYSE:ESTC) Given Consensus Rating of “Moderate Buy” by Analysts

Elastic N.V. (NYSE:ESTC) has earned an average recommendation of “Moderate Buy” from the twenty-nine ratings firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and seventeen have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $104.8750.

Several analysts recently issued reports on the company. UBS Group cut their price target on Elastic from $125.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, November 21st. Guggenheim cut their target price on Elastic from $122.00 to $116.00 and set a “buy” rating on the stock in a research note on Friday, November 21st. Barclays reduced their price target on shares of Elastic from $107.00 to $100.00 and set an “overweight” rating for the company in a report on Monday, January 12th. Bank of America dropped their price objective on shares of Elastic from $111.00 to $90.00 and set a “neutral” rating on the stock in a report on Friday, November 21st. Finally, Royal Bank Of Canada reduced their target price on shares of Elastic from $115.00 to $95.00 and set an “outperform” rating for the company in a research note on Monday, January 5th.

Elastic Stock Up 3.3%

Shares of NYSE:ESTC opened at $59.04 on Friday. The company’s fifty day moving average is $73.10 and its two-hundred day moving average is $80.28. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.97 and a current ratio of 1.97. Elastic has a 1-year low of $56.69 and a 1-year high of $118.84. The stock has a market capitalization of $6.22 billion, a price-to-earnings ratio of -57.32, a price-to-earnings-growth ratio of 232.52 and a beta of 0.93.

Elastic (NYSE:ESTC) last announced its quarterly earnings data on Thursday, November 20th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.06. Elastic had a negative net margin of 6.79% and a negative return on equity of 2.02%. The business had revenue of $423.48 million during the quarter, compared to the consensus estimate of $418.27 million. During the same quarter in the prior year, the firm earned $0.59 EPS. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. Elastic has set its Q3 2026 guidance at 0.630-0.65 EPS. Equities analysts anticipate that Elastic will post -0.77 EPS for the current year.

Insider Buying and Selling at Elastic

In other news, insider Ken Exner sold 6,544 shares of the stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $75.05, for a total value of $491,127.20. Following the completion of the transaction, the insider owned 227,038 shares of the company’s stock, valued at approximately $17,039,201.90. This represents a 2.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Paul R. Auvil III acquired 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The shares were bought at an average price of $71.02 per share, for a total transaction of $710,200.00. Following the completion of the purchase, the director owned 37,956 shares of the company’s stock, valued at approximately $2,695,635.12. This represents a 35.77% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders sold 61,828 shares of company stock valued at $4,641,010. 12.70% of the stock is currently owned by insiders.

Institutional Trading of Elastic

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Sound Income Strategies LLC bought a new position in shares of Elastic in the fourth quarter valued at approximately $25,000. Geneos Wealth Management Inc. acquired a new stake in Elastic in the second quarter worth approximately $31,000. Huntington National Bank boosted its stake in Elastic by 97.5% during the 2nd quarter. Huntington National Bank now owns 468 shares of the company’s stock valued at $39,000 after purchasing an additional 231 shares in the last quarter. Plato Investment Management Ltd acquired a new position in shares of Elastic during the 2nd quarter valued at $40,000. Finally, Activest Wealth Management raised its stake in shares of Elastic by 3,181.3% in the 4th quarter. Activest Wealth Management now owns 525 shares of the company’s stock worth $40,000 after buying an additional 509 shares in the last quarter. 97.03% of the stock is currently owned by institutional investors.

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.