Elastic (NYSE:ESTC) CFO Navam Welihinda Sells 4,327 Shares

Elastic N.V. (NYSE:ESTC) CFO Navam Welihinda sold 4,327 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 $324,741.35. Following the completion of the sale, the chief financial officer owned 124,920 shares of the company’s stock, valued at $9,375,246. This trade represents a 3.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Navam Welihinda also recently made the following trade(s):

• On Monday, October 6th, Navam Welihinda sold 1,256 shares of Elastic stock. The stock was sold at an average price of $84.58, for a total transaction of $106,232.48.

Elastic Stock Performance

NYSE:ESTC traded up $4.14 during mid-day trading on Wednesday, reaching $78.83. The stock had a trading volume of 2,207,160 shares, compared to its average volume of 1,786,393. Elastic N.V. has a twelve month low of $68.10 and a twelve month high of $118.84. The business has a 50 day simple moving average of $82.89 and a 200 day simple moving average of $83.86. The firm has a market capitalization of $8.31 billion, a price-to-earnings ratio of -76.54 and a beta of 0.97. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.97 and a current ratio of 1.97.

Elastic (NYSE:ESTC) last issued its earnings results on Thursday, November 20th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.06. The business 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%.The company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.59 EPS. Elastic has set its Q3 2026 guidance at 0.630-0.65 EPS. On average, analysts expect that Elastic N.V. will post -0.77 earnings per share for the current fiscal year.

Elastic declared that its board has initiated a stock buyback program on Thursday, October 9th that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Jefferies Financial Group lowered their price target on shares of Elastic from $125.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, November 21st. Cantor Fitzgerald dropped their target price on shares of Elastic from $94.00 to $85.00 and set a “neutral” rating for the company in a report on Friday, November 21st. Rosenblatt Securities reissued a “buy” rating and set a $130.00 price target on shares of Elastic in a research note on Wednesday, November 19th. DA Davidson dropped their price objective on Elastic from $100.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday, November 21st. Finally, Monness Crespi & Hardt cut Elastic from a “buy” rating to a “neutral” rating 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 assigned a Sell rating to the stock. According to MarketBeat.com, Elastic presently has an average rating of “Moderate Buy” and a consensus price target of $107.25.

Hedge Funds Weigh In On Elastic

A number of institutional investors have recently made changes to their positions in ESTC. AQR Capital Management LLC boosted 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 acquiring an additional 1,383,065 shares during the last quarter. Alyeska Investment Group L.P. boosted its stake in shares of Elastic by 490.4% during the 3rd quarter. Alyeska Investment Group L.P. now owns 1,113,503 shares of the company’s stock worth $94,080,000 after purchasing an additional 924,911 shares during the last quarter. Driehaus Capital Management LLC boosted its stake in shares of Elastic by 1,450.8% during the 1st quarter. Driehaus Capital Management LLC now owns 880,454 shares of the company’s stock worth $78,448,000 after purchasing an additional 823,680 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Elastic by 7.4% during the third quarter. Vanguard Group Inc. now owns 10,206,204 shares of the company’s stock worth $862,322,000 after buying an additional 705,991 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its position in shares of Elastic by 302.1% in the second quarter. Qube Research & Technologies Ltd now owns 932,630 shares of the company’s stock valued at $78,649,000 after buying an additional 700,697 shares during the last quarter. 97.03% of the stock is owned by institutional investors and hedge funds.

Elastic Company Profile

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.