Elastic (NYSE:ESTC) Director Purchases $710,200.00 in Stock

Elastic N.V. (NYSE:ESTC) Director Paul Auvil III acquired 10,000 shares of Elastic stock in a transaction that occurred on Monday, December 1st. The shares were purchased at an average price of $71.02 per share, with a total value of $710,200.00. Following the purchase, the director owned 37,956 shares in the company, valued at $2,695,635.12. This represents a 35.77% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Elastic Price Performance

Shares of ESTC opened at $73.70 on Friday. The company has a 50 day moving average of $83.54 and a two-hundred day moving average of $84.34. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.64. Elastic N.V. has a twelve month low of $68.10 and a twelve month high of $118.84. The company has a market cap of $7.77 billion, a price-to-earnings ratio of -71.55 and a beta of 0.97.

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

Elastic announced that its Board of Directors has authorized a stock repurchase program on Thursday, October 9th that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

Institutional Trading of Elastic

A number of hedge funds and other institutional investors have recently made changes to their positions in ESTC. Geneos Wealth Management Inc. purchased a new stake in Elastic in the second quarter valued at $31,000. Huntington National Bank boosted its stake in shares of Elastic by 97.5% in the second quarter. Huntington National Bank now owns 468 shares of the company’s stock worth $39,000 after buying an additional 231 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in Elastic by 53.7% during the first quarter. Smartleaf Asset Management LLC now owns 435 shares of the company’s stock worth $40,000 after acquiring an additional 152 shares during the period. Plato Investment Management Ltd purchased a new position in Elastic during the second quarter valued at approximately $40,000. Finally, Promus Capital LLC acquired a new position in Elastic in the second quarter valued at approximately $45,000. Institutional investors and hedge funds own 97.03% of the company’s stock.

Wall Street Analysts Forecast Growth

ESTC has been the topic of a number of research analyst reports. Monness Crespi & Hardt lowered Elastic from a “buy” rating to a “neutral” rating in a research note on Friday, November 21st. Needham & Company LLC reissued a “hold” rating on shares of Elastic in a research report on Friday, October 10th. Wedbush cut their price target on shares of Elastic from $110.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, November 21st. Jefferies Financial Group lowered their price objective on shares of Elastic from $125.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, November 21st. Finally, Oppenheimer reissued an “outperform” rating on shares of Elastic in a report on Friday, August 29th. Seventeen investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Elastic has an average rating of “Moderate Buy” and a consensus target price of $107.25.

Elastic Company Profile

Elastic N.V., a data analytics company, delivers solutions designed to run in public or private clouds in multi-cloud environments. It primarily offers Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as performs search, analysis, and visualization on that data.