Elastic (NYSE:ESTC) Insider Carolyn Herzog Sells 5,485 Shares

Elastic N.V. (NYSE:ESTC) insider Carolyn Herzog sold 5,485 shares of the company’s stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $87.78, for a total value of $481,473.30. Following the completion of the transaction, the insider directly owned 112,954 shares in the company, valued at $9,915,102.12. The trade was a 4.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Carolyn Herzog also recently made the following trade(s):

• On Tuesday, September 1st, Carolyn Herzog sold 10,000 shares of Elastic stock. The stock was sold at an average price of $93.67, for a total value of $936,700.00.

Elastic Stock Performance

NYSE:ESTC opened at $83.45 on Friday. The stock has a 50 day simple moving average of $74.28 and a 200 day simple moving average of $60.91. The stock has a market cap of $8.76 billion, a P/E ratio of 23.38, a PEG ratio of 8.39 and a beta of 1.03. Elastic N.V. has a 1-year low of $42.05 and a 1-year high of $108.00. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.44.

Elastic (NYSE:ESTC) last issued its quarterly earnings data on Thursday, August 27th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.12. The firm 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 company’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period in the prior 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. Research analysts anticipate that Elastic N.V. will post 0.56 earnings per share for the current year.

Hedge Funds Weigh In On Elastic

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bessemer Group Inc. bought a new stake in shares of Elastic during the 1st quarter worth approximately $25,000. Basecamp Wealth Advisors LLC acquired a new stake in shares of Elastic during the 1st quarter worth approximately $28,000. Geneos Wealth Management Inc. bought a new position in Elastic in the second quarter valued at approximately $31,000. Harbor Investment Advisory LLC bought a new position in Elastic in the second quarter valued at approximately $42,000. Finally, Aster Capital Management DIFC Ltd raised its position in Elastic by 206.1% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 551 shares of the company’s stock valued at $42,000 after purchasing an additional 371 shares in the last quarter. 97.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. William Blair began coverage on shares of Elastic in a research report on Friday, May 22nd. They set an “outperform” rating on the stock. Oppenheimer boosted their price objective on shares of Elastic from $100.00 to $118.00 and gave the company an “outperform” rating in a report on Friday, August 28th. Citigroup increased their target price on shares of Elastic from $104.00 to $128.00 and gave the stock a “buy” rating in a research report on Friday, August 28th. JPMorgan Chase & Co. lifted their price target on shares of Elastic from $93.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday, August 28th. Finally, DA Davidson boosted their price target on Elastic from $60.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday, August 26th. One equities 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 MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $94.12.

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

About Elastic

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.