Navam Welihinda Sells 3,240 Shares of Elastic (NYSE:ESTC) Stock

Elastic N.V. (NYSE:ESTC) CFO Navam Welihinda sold 3,240 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $52.28, for a total value of $169,387.20. Following the sale, the chief financial officer directly owned 120,634 shares in the company, valued at approximately $6,306,745.52. The trade was a 2.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, December 10th, Navam Welihinda sold 1,046 shares of Elastic stock. The stock was sold at an average price of $74.51, for a total value of $77,937.46.

Elastic Stock Performance

Shares of NYSE ESTC opened at $52.82 on Thursday. Elastic N.V. has a 1 year low of $49.90 and a 1 year high of $103.79. The firm has a market cap of $5.47 billion, a P/E ratio of -66.03, a PEG ratio of 66.62 and a beta of 0.98. The stock has a fifty day moving average price of $64.56 and a two-hundred day moving average price of $76.46. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.82 and a current ratio of 1.82.

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on ESTC shares. Weiss Ratings reissued a “sell (d)” rating on shares of Elastic in a report on Wednesday, January 21st. Citigroup lowered their price objective on shares of Elastic from $115.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Wells Fargo & Company dropped their target price on shares of Elastic from $75.00 to $60.00 and set an “equal weight” rating on the stock in a report on Friday, February 27th. Barclays reduced their target price on shares of Elastic from $78.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, February 27th. Finally, Scotiabank decreased their price target on shares of 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 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 data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $95.25.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ESTC. Corient Private Wealth LLC raised its holdings in shares of Elastic by 148.2% during the fourth quarter. Corient Private Wealth LLC now owns 9,979 shares of the company’s stock valued at $753,000 after acquiring an additional 5,958 shares during the period. Redwood Family Wealth LLC acquired a new position in Elastic in the 4th quarter worth approximately $248,000. Pacer Advisors Inc. grew its position in Elastic by 80.9% during the 4th quarter. Pacer Advisors Inc. now owns 10,539 shares of the company’s stock worth $795,000 after purchasing an additional 4,714 shares in the last quarter. Kera Capital Partners Inc. grew its position in Elastic by 129.8% during the 4th quarter. Kera Capital Partners Inc. now owns 10,482 shares of the company’s stock worth $791,000 after purchasing an additional 5,920 shares in the last quarter. Finally, Invesco Ltd. raised its stake in Elastic by 17.6% during the 4th quarter. Invesco Ltd. now owns 128,844 shares of the company’s stock valued at $9,720,000 after purchasing an additional 19,304 shares during the period. 97.03% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Elastic

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Q4 results beat expectations and management issued FY‑2026 guidance that implies continued profitability improvement — revenue of $449.9M (beat consensus) and FY‑2026 EPS guidance of $2.50–$2.54. This supports upside expectations for earnings progression. MarketBeat ESTC Summary
• Neutral Sentiment: Institutional ownership is very high (~97%); that can stabilize liquidity but also concentrates selling/position shifts among large holders. Recent analyst coverage remains mostly favorable (consensus “Moderate Buy”) despite trimmed price targets. Analyst Summary
• Negative Sentiment: Significant insider selling occurred on March 9–10 across senior executives (CEO, CTO, CFO, CRO, CAO and others). CEO Ashutosh Kulkarni sold 17,756 shares (~4.16% of his holding) and other officers sold thousands of shares at ~ $52.28 — the volume and breadth of sales raise near‑term sentiment risk even though principals still retain large stakes. Insider Trades Alert
• Negative Sentiment: Multiple Form 4 filings available at the SEC confirm the executive sales (example: CEO form). Large, coordinated sales by multiple C‑suite members can be perceived as a signal to some investors and may cap short‑term gains. SEC Form 4 – Kulkarni

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.