Elastic (NYSE:ESTC) Insider Carolyn Herzog Sells 3,989 Shares

Elastic N.V. (NYSE:ESTC) insider Carolyn Herzog sold 3,989 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $52.28, for a total transaction of $208,544.92. Following the transaction, the insider directly owned 85,335 shares of the company’s stock, valued at approximately $4,461,313.80. This represents a 4.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Elastic Stock Performance

NYSE ESTC opened at $51.77 on Wednesday. The company’s 50 day simple moving average is $65.01 and its two-hundred day simple moving average is $76.63. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.82 and a quick ratio of 1.82. Elastic N.V. has a 1 year low of $49.90 and a 1 year high of $103.79. The stock has a market capitalization of $5.36 billion, a PE ratio of -64.71, a P/E/G ratio of 68.42 and a beta of 0.98.

Elastic (NYSE:ESTC) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.09. The firm had revenue of $449.88 million during the quarter, compared to analyst estimates of $438.37 million. Elastic had a negative net margin of 5.04% and a negative return on equity of 2.34%. The business’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.63 EPS. Elastic has set its FY 2026 guidance at 2.500-2.540 EPS and its Q4 2026 guidance at 0.550-0.570 EPS. Analysts predict that Elastic N.V. will post -0.77 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Elastic

Several institutional investors have recently modified their holdings of ESTC. Vanguard Group Inc. lifted its position in Elastic by 7.4% in the 3rd quarter. Vanguard Group Inc. now owns 10,206,204 shares of the company’s stock worth $862,322,000 after buying an additional 705,991 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Elastic by 153.4% during the fourth quarter. AQR Capital Management LLC now owns 7,545,081 shares of the company’s stock worth $569,201,000 after acquiring an additional 4,567,720 shares in the last quarter. Pictet Asset Management Holding SA lifted its holdings in shares of Elastic by 3.2% in the 4th quarter. Pictet Asset Management Holding SA now owns 4,534,498 shares of the company’s stock worth $342,127,000 after acquiring an additional 138,974 shares during the last quarter. FIL Ltd lifted its holdings in shares of Elastic by 36.9% in the 4th quarter. FIL Ltd now owns 3,628,748 shares of the company’s stock worth $273,753,000 after acquiring an additional 977,578 shares during the last quarter. Finally, Voya Investment Management LLC boosted its stake in shares of Elastic by 4.7% in the 3rd quarter. Voya Investment Management LLC now owns 1,781,925 shares of the company’s stock valued at $150,555,000 after purchasing an additional 79,465 shares in the last quarter. 97.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on ESTC. TD Cowen reaffirmed a “hold” rating on shares of Elastic in a report on Monday, February 23rd. Weiss Ratings reissued a “sell (d)” rating on shares of Elastic in a report on Wednesday, January 21st. Truist Financial decreased their price objective on shares of Elastic from $105.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Barclays dropped their target price on shares of Elastic from $78.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, February 27th. Finally, Stifel Nicolaus cut their price target on shares of Elastic from $134.00 to $108.00 and set a “buy” rating for the company in a research note on Friday, November 21st. Seventeen analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Elastic presently has an average rating of “Moderate Buy” and an average price target of $95.25.

More Elastic News

Here are the key news stories impacting Elastic this week:

• Negative Sentiment: CEO Ashutosh Kulkarni sold 17,756 shares (~4.16% reduction in his position) for roughly $928,284; he still holds 409,145 shares. SEC Form 4 – Kulkarni
• Negative Sentiment: CTO Shay Banon sold 4,283 shares (0.10% reduction) for about $223,915; retains ~4.35M shares. SEC Form 4 – Banon
• Negative Sentiment: CRO Mark Eugene Dodds sold 3,723 shares (2.38% reduction) for about $194,638; holds 152,563 shares post-sale. SEC Form 4 – Dodds
• Negative Sentiment: Insider Ken Exner sold 4,310 shares (1.90% reduction) for about $225,327; retains 222,728 shares. SEC Form 4 – Exner
• Negative Sentiment: Carolyn Herzog sold 3,989 shares (4.47% reduction) for about $208,545; holds 85,335 shares after the sale. SEC Form 4 – Herzog
• Negative Sentiment: CFO Navam Welihinda sold 3,240 shares (2.62% reduction) for about $169,387; retains 120,634 shares. SEC Form 4 – Welihinda
• Negative Sentiment: CAO Jane E. Bone sold 887 shares (2.05% reduction) for about $46,372; holds 42,284 shares after the sale. SEC Form 4 – Bone

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.