Ken Exner Sells 4,310 Shares of Elastic (NYSE:ESTC) Stock

Elastic N.V. (NYSE:ESTC) insider Ken Exner sold 4,310 shares of the firm’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 value of $225,326.80. Following the completion of the transaction, the insider directly owned 222,728 shares of the company’s stock, valued at $11,644,219.84. The trade was a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Elastic Stock Performance

Shares of ESTC stock opened at $52.82 on Thursday. The stock has a fifty day moving average price of $64.56 and a 200 day moving average price of $76.46. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.82 and a current ratio of 1.82. The stock has a market cap of $5.47 billion, a PE ratio of -66.03, a P/E/G ratio of 66.62 and a beta of 0.98. Elastic N.V. has a 1 year low of $49.90 and a 1 year high of $103.79.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ESTC. AXQ Capital LP purchased a new position in Elastic during the second quarter worth about $419,000. Geode Capital Management LLC increased its stake in shares of Elastic by 3.6% during the 2nd quarter. Geode Capital Management LLC now owns 1,569,578 shares of the company’s stock valued at $132,384,000 after acquiring an additional 54,812 shares during the last quarter. Mackenzie Financial Corp boosted its position in shares of Elastic by 622.2% in the second quarter. Mackenzie Financial Corp now owns 77,005 shares of the company’s stock worth $6,494,000 after acquiring an additional 66,342 shares during the last quarter. Panagora Asset Management Inc. grew its holdings in Elastic by 102.3% in the second quarter. Panagora Asset Management Inc. now owns 464,268 shares of the company’s stock valued at $39,152,000 after purchasing an additional 234,735 shares during the period. Finally, Citigroup Inc. grew its holdings in Elastic by 89.0% in the third quarter. Citigroup Inc. now owns 89,357 shares of the company’s stock valued at $7,550,000 after purchasing an additional 42,087 shares during the period. 97.03% of the stock is currently owned by institutional investors and hedge funds.

Elastic News Roundup

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Q4 results beat expectations and management issued FY‑2026 guidance that implies continued profitability improvement — revenue of $449.9M (beat consensus) and FY‑2026 EPS guidance of $2.50–$2.54. This supports upside expectations for earnings progression. MarketBeat ESTC Summary
• Neutral Sentiment: Institutional ownership is very high (~97%); that can stabilize liquidity but also concentrates selling/position shifts among large holders. Recent analyst coverage remains mostly favorable (consensus “Moderate Buy”) despite trimmed price targets. Analyst Summary
• Negative Sentiment: Significant insider selling occurred on March 9–10 across senior executives (CEO, CTO, CFO, CRO, CAO and others). CEO Ashutosh Kulkarni sold 17,756 shares (~4.16% of his holding) and other officers sold thousands of shares at ~ $52.28 — the volume and breadth of sales raise near‑term sentiment risk even though principals still retain large stakes. Insider Trades Alert
• Negative Sentiment: Multiple Form 4 filings available at the SEC confirm the executive sales (example: CEO form). Large, coordinated sales by multiple C‑suite members can be perceived as a signal to some investors and may cap short‑term gains. SEC Form 4 – Kulkarni

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. DA Davidson cut their target price on shares of Elastic from $80.00 to $65.00 and set a “neutral” rating for the company in a research report on Monday, March 2nd. Guggenheim reiterated a “buy” rating and issued a $116.00 price target on shares of Elastic in a research report on Wednesday, February 18th. Royal Bank Of Canada dropped their price objective on shares of Elastic from $115.00 to $95.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Scotiabank reduced their target price on Elastic from $90.00 to $76.00 and set a “sector perform” rating on the stock in a research note on Friday, November 21st. Finally, Monness Crespi & Hardt downgraded Elastic from a “buy” rating to a “neutral” rating in a research report on Friday, November 21st. Seventeen analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.25.

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.