Elastic (NYSE:ESTC) Price Target Cut to $76.00 by Analysts at Barclays

Elastic (NYSE:ESTC) had its price target trimmed by Barclays from $78.00 to $76.00 in a research note issued to investors on Friday,Benzinga reports. They currently have an overweight rating on the stock.

ESTC has been the topic of several other reports. Scotiabank decreased their price target on shares of Elastic from $90.00 to $76.00 and set a “sector perform” rating on the stock in a research note on Friday, November 21st. Citigroup decreased their target price on shares of Elastic from $115.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. 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 report on Friday, November 21st. Wells Fargo & Company reduced their price objective on Elastic from $90.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Friday, November 21st. Finally, UBS Group lowered their target price on Elastic from $125.00 to $110.00 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 issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Elastic presently has a consensus rating of “Moderate Buy” and an average target price of $96.17.

Elastic Price Performance

NYSE ESTC traded down $9.54 during trading hours on Friday, reaching $52.04. 7,383,348 shares of the stock traded hands, compared to its average volume of 2,317,698. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.97 and a quick ratio of 1.97. The stock has a 50 day simple moving average of $68.42 and a two-hundred day simple moving average of $77.82. Elastic has a 1 year low of $49.90 and a 1 year high of $117.49. The company has a market cap of $5.48 billion, a price-to-earnings ratio of -65.05, a price-to-earnings-growth ratio of 250.50 and a beta of 0.93.

Elastic (NYSE:ESTC) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.09. The company had revenue of $449.88 million for the quarter, compared to analysts’ expectations of $438.37 million. Elastic had a negative return on equity of 2.25% and a negative net margin of 5.04%.Elastic’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period last year, the firm posted $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. On average, analysts predict that Elastic will post -0.77 EPS for the current fiscal year.

Insiders Place Their Bets

In other Elastic news, CEO Ashutosh Kulkarni sold 20,413 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $75.05, for a total transaction of $1,531,995.65. Following the transaction, the chief executive officer owned 431,901 shares in the company, valued at approximately $32,414,170.05. This represents a 4.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul R. Auvil III purchased 10,000 shares of Elastic stock in a transaction that occurred on Monday, December 1st. The stock was purchased at an average cost 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 $2,695,635.12. This trade represents a 35.77% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders sold 61,828 shares of company stock worth $4,641,010. Company insiders own 12.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Orion Porfolio Solutions LLC boosted its stake in Elastic by 1.4% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 8,593 shares of the company’s stock valued at $726,000 after purchasing an additional 118 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Elastic by 17.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,159 shares of the company’s stock valued at $98,000 after purchasing an additional 171 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Elastic by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 28,323 shares of the company’s stock valued at $2,393,000 after buying an additional 175 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in Elastic by 6.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 3,020 shares of the company’s stock worth $260,000 after buying an additional 194 shares in the last quarter. Finally, California State Teachers Retirement System raised its position in Elastic by 0.3% in the 2nd quarter. California State Teachers Retirement System now owns 83,403 shares of the company’s stock worth $7,033,000 after buying an additional 219 shares during the last quarter. Institutional investors own 97.03% of the company’s stock.

Key Elastic News

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Company beat revenue expectations and reported 18% year‑over‑year revenue growth; management emphasized AI expansion and subscription growth, which supports longer‑term demand assumptions. Elastic Reports Third Quarter Fiscal 2026 Financial Results
• Positive Sentiment: Management raised forward guidance sharply: FY26 and Q4 EPS guidance well above Street consensus and revenue guidance roughly in line — a sign the company expects stronger profitability going forward (this is a bullish catalyst if execution continues). Elastic Reports Third Quarter Fiscal 2026 Financial Results
• Neutral Sentiment: Detailed materials and call transcripts were published (earnings deck and conference call transcripts) — useful for investors who want to dig into non‑GAAP vs GAAP items, margin drivers, and AI product commentary. Q3 2026 Earnings Call Transcript
• Negative Sentiment: Market reaction focused on an apparent earnings/methodology gap: some reports showed adjusted profits above estimates while GAAP/other EPS metrics missed — this disconnect likely triggered selling despite the revenue beat. Elastic Q3 Results and Transcript (MarketBeat)
• Negative Sentiment: Multiple sell‑side firms cut price targets this morning (Canaccord, Wells Fargo, Truist, Piper Sandler, Oppenheimer, Barclays), reducing near‑term analyst support and dragging sentiment lower. The coordinated downgrades are a primary driver of the intraday selloff. Analyst price target updates (Benzinga)
• Negative Sentiment: News coverage highlights that shares fell sharply despite beating revenue estimates — suggesting investors are focused on margins, EPS presentation, and the quick profit‑taking after recent gains. Elastic shares tumble despite beating third quarter estimates

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.