Elastic (NYSE:ESTC) Updates FY 2026 Earnings Guidance

Elastic (NYSE:ESTC) updated its FY 2026 earnings guidance on Saturday. The company provided EPS guidance of 2.400-2.46 for the period, compared to the consensus EPS estimate of 1.380. The company issued revenue guidance of $1.7 billion-$1.7 billion, compared to the consensus revenue estimate of $1.7 billion.

Elastic Price Performance

Shares of NYSE ESTC opened at $74.76 on Friday. Elastic has a twelve month low of $68.10 and a twelve month high of $118.84. The stock’s 50 day moving average price is $83.32 and its 200-day moving average price is $84.22. The company has a market capitalization of $7.88 billion, a PE ratio of -72.58 and a beta of 0.97. 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 (NYSE:ESTC) last issued its quarterly earnings results on Thursday, November 20th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.06. The company had revenue of $423.48 million during 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%.Elastic’s revenue was up 15.9% on a year-over-year basis. During the same period last year, the business posted $0.59 earnings per share. Elastic has set its Q3 2026 guidance at 0.630-0.65 EPS. On average, equities analysts anticipate that Elastic will post -0.77 EPS for the current year.

Elastic announced that its Board of Directors has initiated a stock repurchase plan on Thursday, October 9th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

ESTC has been the topic of a number of research analyst reports. Guggenheim cut their price target on shares of Elastic from $122.00 to $116.00 and set a “buy” rating on the stock in a report on Friday, November 21st. Bank of America lowered their price objective on shares of Elastic from $111.00 to $90.00 and set a “neutral” rating on the stock in a research report on Friday, November 21st. Canaccord Genuity Group reduced their target price on shares of Elastic from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Friday, November 21st. Mizuho raised their price target on shares of Elastic from $100.00 to $119.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Finally, DA Davidson lowered their price target on shares of Elastic from $100.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday, November 21st. Seventeen investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.25.

Insider Activity at Elastic

In other Elastic news, CAO Jane E. Bone sold 1,250 shares of the stock in a transaction on Monday, October 13th. The stock was sold at an average price of $87.22, for a total transaction of $109,025.00. Following the sale, the chief accounting officer owned 37,633 shares in the company, valued at $3,282,350.26. This represents a 3.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ashutosh Kulkarni sold 5,000 shares of the firm’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $88.12, for a total value of $440,600.00. Following the completion of the transaction, the chief executive officer directly owned 452,314 shares of the company’s stock, valued at $39,857,909.68. The trade was a 1.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 252,042 shares of company stock worth $22,667,394 in the last ninety days. Insiders own 12.70% of the company’s stock.

Institutional Trading of Elastic

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. bought a new position in shares of Elastic in the second quarter valued at approximately $31,000. Larson Financial Group LLC lifted its stake in Elastic by 1,347.1% in the 3rd quarter. Larson Financial Group LLC now owns 738 shares of the company’s stock worth $62,000 after purchasing an additional 687 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Elastic by 17.3% in the 2nd 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 during the period. Banque Cantonale Vaudoise bought a new position in Elastic in the 3rd quarter valued at $118,000. Finally, Headlands Technologies LLC purchased a new position in shares of Elastic during the 2nd quarter valued at $135,000. 97.03% of the stock is currently owned by institutional investors.

About Elastic

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.