Elastic (NYSE:ESTC) CAO Jane Bone Sells 887 Shares

Elastic N.V. (NYSE:ESTC) CAO Jane Bone sold 887 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $52.28, for a total transaction of $46,372.36. Following the transaction, the chief accounting officer directly owned 42,284 shares of the company’s stock, valued at $2,210,607.52. This trade represents a 2.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Elastic Price Performance

ESTC stock opened at $51.77 on Wednesday. The stock has a market cap of $5.36 billion, a PE ratio of -64.71, a P/E/G ratio of 68.42 and a beta of 0.98. The company has a 50-day moving average price of $65.01 and a 200 day moving average price of $76.63. Elastic N.V. has a 12 month low of $49.90 and a 12 month high of $103.79. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.72.

Elastic (NYSE:ESTC) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.09. The firm had revenue of $449.88 million for the quarter, compared to analysts’ expectations of $438.37 million. Elastic had a negative net margin of 5.04% and a negative return on equity of 2.34%. The business’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.63 earnings per share. Elastic has set its FY 2026 guidance at 2.500-2.540 EPS and its Q4 2026 guidance at 0.550-0.570 EPS. Equities research analysts anticipate that Elastic N.V. will post -0.77 earnings per share for the current year.

Analyst Ratings Changes

ESTC has been the topic of several recent analyst reports. Canaccord Genuity Group lowered their target price on shares of Elastic from $115.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Royal Bank Of Canada reduced their target price on Elastic from $115.00 to $95.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Monness Crespi & Hardt cut shares of Elastic from a “buy” rating to a “neutral” rating in a research report on Friday, November 21st. Rosenblatt Securities reduced their price target on shares of Elastic from $130.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. Finally, Oppenheimer decreased their price objective on Elastic from $100.00 to $85.00 and set an “outperform” rating for the company in a research note on Friday, February 27th. Seventeen equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Elastic has a consensus rating of “Moderate Buy” and a consensus target price of $95.25.

Institutional Trading of Elastic

A number of institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC grew its holdings in Elastic by 153.4% in the 4th quarter. AQR Capital Management LLC now owns 7,545,081 shares of the company’s stock valued at $569,201,000 after buying an additional 4,567,720 shares during the period. FIL Ltd boosted its position in Elastic by 36.9% during the 4th quarter. FIL Ltd now owns 3,628,748 shares of the company’s stock worth $273,753,000 after purchasing an additional 977,578 shares during the period. Alyeska Investment Group L.P. grew its stake in shares of 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 buying an additional 924,911 shares in the last quarter. Vanguard Group Inc. raised its stake 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 valued at $862,322,000 after purchasing an additional 705,991 shares during the period. Finally, Qube Research & Technologies Ltd lifted 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 buying an additional 700,697 shares in the last quarter. Hedge funds and other institutional investors own 97.03% of the company’s stock.

More Elastic News

Here are the key news stories impacting Elastic this week:

• Negative Sentiment: CEO Ashutosh Kulkarni sold 17,756 shares (~4.16% reduction in his position) for roughly $928,284; he still holds 409,145 shares. SEC Form 4 – Kulkarni
• Negative Sentiment: CTO Shay Banon sold 4,283 shares (0.10% reduction) for about $223,915; retains ~4.35M shares. SEC Form 4 – Banon
• Negative Sentiment: CRO Mark Eugene Dodds sold 3,723 shares (2.38% reduction) for about $194,638; holds 152,563 shares post-sale. SEC Form 4 – Dodds
• Negative Sentiment: Insider Ken Exner sold 4,310 shares (1.90% reduction) for about $225,327; retains 222,728 shares. SEC Form 4 – Exner
• Negative Sentiment: Carolyn Herzog sold 3,989 shares (4.47% reduction) for about $208,545; holds 85,335 shares after the sale. SEC Form 4 – Herzog
• Negative Sentiment: CFO Navam Welihinda sold 3,240 shares (2.62% reduction) for about $169,387; retains 120,634 shares. SEC Form 4 – Welihinda
• Negative Sentiment: CAO Jane E. Bone sold 887 shares (2.05% reduction) for about $46,372; holds 42,284 shares after the sale. SEC Form 4 – Bone

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.