Insider Selling: Elastic (NYSE:ESTC) Insider Sells $401,742.65 in Stock

Elastic N.V. (NYSE:ESTC) insider Carolyn Herzog sold 5,353 shares of the company’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $75.05, for a total value of $401,742.65. Following the completion of the transaction, the insider owned 89,324 shares of the company’s stock, valued at $6,703,766.20. The trade was a 5.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Elastic Price Performance

Shares of NYSE ESTC traded up $4.14 during trading hours on Wednesday, reaching $78.83. 2,207,160 shares of the stock traded hands, compared to its average volume of 1,786,393. The company has a market capitalization of $8.31 billion, a P/E ratio of -76.54 and a beta of 0.97. The company’s 50-day simple moving average is $82.89 and its two-hundred day simple moving average is $83.86. 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 N.V. has a 52-week low of $68.10 and a 52-week high of $118.84.

Elastic (NYSE:ESTC) last posted its quarterly earnings results on Thursday, November 20th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.58 by $0.06. Elastic had a negative net margin of 6.79% and a negative return on equity of 2.02%. The firm had revenue of $423.48 million for the quarter, compared to the consensus estimate of $418.27 million. During the same period last year, the firm posted $0.59 earnings per share. The business’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. Equities research analysts forecast that Elastic N.V. will post -0.77 EPS for the current year.

Elastic announced that its Board of Directors has authorized a stock buyback plan on Thursday, October 9th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Cetera Investment Advisers grew its holdings in Elastic by 10.1% in the first quarter. Cetera Investment Advisers now owns 7,929 shares of the company’s stock worth $706,000 after purchasing an additional 726 shares during the period. US Bancorp DE lifted its holdings in shares of Elastic by 108.4% during the first quarter. US Bancorp DE now owns 4,806 shares of the company’s stock valued at $428,000 after purchasing an additional 2,500 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Elastic by 24.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,884 shares of the company’s stock worth $346,000 after purchasing an additional 773 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Elastic by 5.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 594,406 shares of the company’s stock worth $52,962,000 after buying an additional 31,321 shares during the last quarter. Finally, Deutsche Bank AG increased its position in Elastic by 3.3% during the 1st quarter. Deutsche Bank AG now owns 13,843 shares of the company’s stock valued at $1,233,000 after buying an additional 440 shares in the last quarter. 97.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ESTC shares. Royal Bank Of Canada decreased their price objective on shares of Elastic from $125.00 to $115.00 and set an “outperform” rating on the stock in a research report on Friday, November 21st. Stifel Nicolaus reduced their price target on Elastic from $134.00 to $108.00 and set a “buy” rating on the stock in a report on Friday, November 21st. Zacks Research cut Elastic from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 26th. Jefferies Financial Group cut their price objective on Elastic from $125.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, November 21st. Finally, Citigroup decreased their target price on Elastic from $130.00 to $115.00 and set a “buy” rating for the company in a report on Monday, November 24th. Seventeen analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Elastic has an average rating of “Moderate Buy” and an average target price of $107.25.

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.