Elastic (NYSE:ESTC) Issues FY 2025 Earnings Guidance

Elastic (NYSE:ESTCGet Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided EPS guidance of 1.350-1.470 for the period, compared to the consensus EPS estimate of 1.400. The company issued revenue guidance of $1.5 billion-$1.5 billion, compared to the consensus revenue estimate of $1.5 billion. Elastic also updated its FY25 guidance to $1.35-1.47 EPS.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Robert W. Baird dropped their price target on Elastic from $137.00 to $135.00 and set an outperform rating on the stock in a research note on Tuesday, May 28th. Royal Bank of Canada upped their price target on Elastic from $134.00 to $147.00 and gave the stock an overweight rating in a research note on Monday, March 4th. TheStreet raised Elastic from a d+ rating to a c- rating in a research note on Wednesday, February 7th. Oppenheimer boosted their price objective on Elastic from $110.00 to $130.00 and gave the stock an outperform rating in a report on Friday, March 1st. Finally, Citigroup decreased their price objective on Elastic from $165.00 to $155.00 and set a buy rating for the company in a report on Monday, March 4th. Seven analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $118.55.

Check Out Our Latest Report on Elastic

Elastic Price Performance

Shares of NYSE ESTC opened at $104.05 on Friday. The stock has a fifty day simple moving average of $102.46 and a two-hundred day simple moving average of $107.80. Elastic has a 1-year low of $57.38 and a 1-year high of $136.06. The firm has a market cap of $10.49 billion, a price-to-earnings ratio of 196.32 and a beta of 0.92. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.80.

Elastic (NYSE:ESTCGet Free Report) last announced its quarterly earnings data on Thursday, February 29th. The company reported ($0.27) earnings per share for the quarter, beating the consensus estimate of ($0.28) by $0.01. The business had revenue of $327.96 million during the quarter, compared to analyst estimates of $320.48 million. Elastic had a negative return on equity of 22.95% and a net margin of 4.87%. Analysts anticipate that Elastic will post -1.05 earnings per share for the current year.

Insiders Place Their Bets

In other Elastic news, Director Steven Schuurman sold 815,000 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $97.54, for a total transaction of $79,495,100.00. Following the sale, the director now owns 8,382,000 shares in the company, valued at $817,580,280. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Elastic news, CEO Ashutosh Kulkarni sold 15,778 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $103.28, for a total transaction of $1,629,551.84. Following the sale, the chief executive officer now owns 364,235 shares in the company, valued at $37,618,190.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Steven Schuurman sold 815,000 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $97.54, for a total value of $79,495,100.00. Following the completion of the sale, the director now owns 8,382,000 shares in the company, valued at approximately $817,580,280. The disclosure for this sale can be found here. Insiders have sold a total of 962,440 shares of company stock worth $94,535,764 over the last 90 days. Corporate insiders own 18.10% of the company’s stock.

Elastic Company Profile

(Get Free Report)

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.

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