Mark Eugene Dodds Sells 5,800 Shares of Elastic (NYSE:ESTC) Stock

Elastic N.V. (NYSE:ESTC) CRO Mark Eugene Dodds sold 5,800 shares of the firm’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $74.60, for a total transaction of $432,680.00. Following the completion of the transaction, the executive directly owned 161,484 shares of the company’s stock, valued at approximately $12,046,706.40. The trade was a 3.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Mark Eugene Dodds also recently made the following trade(s):

• On Tuesday, September 9th, Mark Eugene Dodds sold 5,037 shares of Elastic stock. The stock was sold at an average price of $90.12, for a total value of $453,934.44.

Elastic Price Performance

NYSE:ESTC traded up $0.94 during trading hours on Monday, hitting $75.61. 3,097,409 shares of the company’s stock traded hands, compared to its average volume of 1,783,620. Elastic N.V. has a 52 week low of $68.10 and a 52 week high of $118.84. The business’s fifty day simple moving average is $83.32 and its two-hundred day simple moving average is $84.10. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.64. The firm has a market cap of $7.97 billion, a P/E ratio of -73.40 and a beta of 0.97.

Elastic (NYSE:ESTC) last released its quarterly earnings results on Thursday, November 20th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.06. Elastic had a negative return on equity of 2.02% and a negative net margin of 6.79%.The firm had revenue of $423.48 million for the quarter, compared to analysts’ expectations of $418.27 million. During the same quarter last year, the firm posted $0.59 EPS. The company’s revenue was up 15.9% compared to the same quarter last year. Elastic has set its Q3 2026 guidance at 0.630-0.65 EPS. On average, research analysts anticipate that Elastic N.V. will post -0.77 earnings per share for the current fiscal year.

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

Institutional Trading of Elastic

Institutional investors have recently modified their holdings of the company. AQR Capital Management LLC increased its stake in shares of Elastic by 6,651.3% during the first quarter. AQR Capital Management LLC now owns 1,403,859 shares of the company’s stock valued at $122,978,000 after buying an additional 1,383,065 shares during the period. Alyeska Investment Group L.P. boosted its holdings in Elastic by 490.4% in the third quarter. Alyeska Investment Group L.P. now owns 1,113,503 shares of the company’s stock valued at $94,080,000 after acquiring an additional 924,911 shares in the last quarter. Driehaus Capital Management LLC boosted its holdings in Elastic by 1,450.8% in the first quarter. Driehaus Capital Management LLC now owns 880,454 shares of the company’s stock valued at $78,448,000 after acquiring an additional 823,680 shares in the last quarter. Vanguard Group Inc. increased its position in Elastic by 7.4% during the 3rd quarter. Vanguard Group Inc. now owns 10,206,204 shares of the company’s stock valued at $862,322,000 after purchasing an additional 705,991 shares during the period. Finally, Qube Research & Technologies Ltd raised its holdings in Elastic by 302.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 932,630 shares of the company’s stock worth $78,649,000 after purchasing an additional 700,697 shares in the last quarter. 97.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ESTC. Needham & Company LLC restated a “hold” rating on shares of Elastic in a research report on Friday, October 10th. Canaccord Genuity Group lowered their price target on Elastic from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, November 21st. Piper Sandler dropped their price target on Elastic from $125.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, November 21st. Mizuho upped their price objective on Elastic from $100.00 to $119.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Finally, Scotiabank reduced their price objective on Elastic from $90.00 to $76.00 and set a “sector perform” rating on the stock in a research 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $107.25.

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.