Oppenheimer Cuts Elastic (NYSE:ESTC) Price Target to $85.00

Elastic (NYSE:ESTC) had its target price reduced by equities research analysts at Oppenheimer from $100.00 to $85.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer’s price target would indicate a potential upside of 61.74% from the company’s current price.

ESTC has been the topic of a number of other research reports. Jefferies Financial Group lowered their price target on Elastic from $105.00 to $95.00 and set a “buy” rating on the stock in a research report on Monday, January 5th. TD Cowen reissued a “hold” rating on shares of Elastic in a report on Monday. UBS Group cut their price target on Elastic from $125.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, November 21st. Truist Financial reduced their price target on Elastic from $140.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, November 19th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Elastic in a report on Wednesday, January 21st. Seventeen research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $100.54.

Elastic Stock Down 14.7%

Shares of Elastic stock traded down $9.03 on Friday, hitting $52.56. The company had a trading volume of 2,582,876 shares, compared to its average volume of 1,932,552. Elastic has a twelve month low of $49.90 and a twelve month high of $117.49. 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 moving average of $68.90 and a 200-day moving average of $77.96. The firm has a market capitalization of $5.54 billion, a P/E ratio of -51.15, a P/E/G ratio of 235.94 and a beta of 0.93.

Insiders Place Their Bets

In related news, insider Carolyn Herzog sold 5,353 shares of the firm’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $75.05, for a total transaction of $401,742.65. Following the sale, the insider owned 89,324 shares of the company’s stock, valued at $6,703,766.20. This trade represents a 5.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Paul R. Auvil III bought 10,000 shares of the stock in a transaction on Monday, December 1st. The stock was purchased at an average cost of $71.02 per share, with a total value of $710,200.00. Following the acquisition, the director owned 37,956 shares in the company, valued at approximately $2,695,635.12. This represents a 35.77% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 61,828 shares of company stock worth $4,641,010 over the last 90 days. Insiders own 12.70% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ESTC. Focus Partners Wealth bought a new position in Elastic during the first quarter worth $494,000. Asset Management One Co. Ltd. bought a new stake in Elastic during the second quarter valued at $191,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in Elastic by 115.9% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,030 shares of the company’s stock worth $424,000 after acquiring an additional 2,700 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Elastic by 1.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 32,215 shares of the company’s stock worth $2,717,000 after acquiring an additional 472 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its position in shares of Elastic by 11.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 20,178 shares of the company’s stock worth $1,702,000 after acquiring an additional 2,048 shares in the last quarter. 97.03% of the stock is owned by institutional investors.

Trending Headlines about Elastic

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Company beat on revenue and subscription growth — Q3 revenue was about $450M, up ~18% year-over-year, and subscription revenue rose ~19%, showing continued demand for its Search AI platform. BusinessWire: Q3 Results
• Positive Sentiment: Management raised forward guidance materially — Q4 EPS guide and full‑year FY2026 EPS guidance were well above Street estimates (company gave Q4 EPS and FY EPS ranges that exceeded consensus), signaling stronger expected profitability going forward. BusinessWire: Guidance
• Positive Sentiment: Management emphasized AI expansion and product momentum on the earnings call, which could support longer‑term revenue upside as customers adopt Search AI features. Yahoo: Earnings Highlights
• Neutral Sentiment: Full earnings/management discussion is available in the Q3 call transcript for investors wanting detail on margins, churn, and product metrics. Seeking Alpha: Call Transcript
• Negative Sentiment: GAAP profitability disappointed — one report shows GAAP EPS missed consensus (reported around -$0.03 vs. expectations), and the company still posts negative net margin and negative return on equity, which worried investors. MarketBeat: Earnings Snapshot
• Negative Sentiment: Market punished the stock despite revenue outperformance and raised guidance — coverage notes and headlines report a sharp drop after the print, signaling investors were focused on profitability, GAAP miss, or near‑term execution risks. Investing.com: Shares Tumble

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.