Elastic N.V. (NYSE:ESTC) Receives $106.00 Average Price Target from Analysts

Shares of Elastic N.V. (NYSE:ESTC) have received a consensus rating of “Moderate Buy” from the twenty-nine ratings firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seventeen have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $106.00.

ESTC has been the topic of a number of recent analyst reports. Robert W. Baird boosted their target price on Elastic from $120.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, October 10th. Citigroup reduced their price objective on shares of Elastic from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Monday, November 24th. Rosenblatt Securities reiterated a “buy” rating and issued a $130.00 price objective on shares of Elastic in a report on Wednesday, November 19th. Piper Sandler cut their target price on shares of Elastic from $125.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, November 21st. Finally, Canaccord Genuity Group cut their target price on shares of Elastic from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, November 21st.

Insider Activity at Elastic

In related news, insider Ken Exner sold 6,544 shares of the business’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $75.05, for a total value of $491,127.20. Following the completion of the sale, the insider directly owned 227,038 shares in the company, valued at $17,039,201.90. The trade was a 2.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Ashutosh Kulkarni sold 5,000 shares of the company’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $74.60, for a total value of $373,000.00. Following the completion of the transaction, the chief executive officer directly owned 426,901 shares in the company, valued at approximately $31,846,814.60. This represents a 1.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 61,891 shares of company stock valued at $4,654,707. Insiders own 12.70% of the company’s stock.

Institutional Investors Weigh In On Elastic

A number of institutional investors have recently modified their holdings of the business. Orion Porfolio Solutions LLC increased its position in Elastic by 1.4% during the third quarter. Orion Porfolio Solutions LLC now owns 8,593 shares of the company’s stock worth $726,000 after acquiring an additional 118 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of Elastic by 17.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,159 shares of the company’s stock worth $98,000 after purchasing an additional 171 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Elastic by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 28,323 shares of the company’s stock worth $2,393,000 after purchasing an additional 175 shares during the period. Janney Montgomery Scott LLC raised its position in shares of Elastic by 5.1% in the second quarter. Janney Montgomery Scott LLC now owns 3,997 shares of the company’s stock valued at $337,000 after buying an additional 194 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in shares of Elastic by 6.9% in the third quarter. Jones Financial Companies Lllp now owns 3,020 shares of the company’s stock valued at $260,000 after buying an additional 194 shares during the period. Institutional investors own 97.03% of the company’s stock.

Elastic Stock Up 1.7%

Elastic stock opened at $78.39 on Tuesday. 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 company’s 50-day moving average is $79.12 and its 200-day moving average is $82.51. The firm has a market capitalization of $8.26 billion, a PE ratio of -76.11, a P/E/G ratio of 305.79 and a beta of 0.92. Elastic has a fifty-two week low of $68.10 and a fifty-two 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 analysts’ consensus estimates of $0.58 by $0.06. The business had revenue of $423.48 million during the quarter, compared to analysts’ expectations of $418.27 million. Elastic had a negative return on equity of 2.02% and a negative net margin of 6.79%.Elastic’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the company posted $0.59 earnings per share. Elastic has set its Q3 2026 guidance at 0.630-0.65 EPS. Sell-side analysts anticipate that Elastic will post -0.77 earnings per share for the current year.

Elastic declared that its board has authorized a stock buyback plan on Thursday, October 9th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

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.