Elastic (NYSE:ESTC) Price Target Lowered to $68.00 at Barclays

Elastic (NYSE:ESTC) had its price target dropped by equities researchers at Barclays from $76.00 to $68.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s target price points to a potential upside of 4.90% from the stock’s previous close.

Several other equities analysts also recently commented on the stock. TD Cowen cut their price target on shares of Elastic from $65.00 to $60.00 and set a “hold” rating on the stock in a report on Tuesday. Citigroup upped their price target on shares of Elastic from $95.00 to $104.00 and gave the company a “buy” rating in a report on Friday. Jefferies Financial Group dropped their target price on shares of Elastic from $95.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday. UBS Group reaffirmed a “buy” rating and set a $85.00 target price on shares of Elastic in a research report on Friday. Finally, Morgan Stanley reduced their target price on shares of Elastic from $80.00 to $73.00 and set an “overweight” rating on the stock in a research report on Monday, March 2nd. Eighteen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $80.04.

Elastic Trading Up 12.5%

NYSE:ESTC traded up $7.21 during mid-day trading on Friday, hitting $64.82. 6,061,479 shares of the stock traded hands, compared to its average volume of 2,064,618. The stock has a market capitalization of $6.71 billion, a price-to-earnings ratio of -81.03, a PEG ratio of 101.99 and a beta of 0.88. Elastic has a 52 week low of $42.05 and a 52 week high of $96.07. The firm’s 50 day moving average is $50.20 and its two-hundred day moving average is $62.82. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.72.

Elastic (NYSE:ESTC) last issued its quarterly earnings results on Thursday, May 28th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.56 by $0.05. The company had revenue of $450.68 million for the quarter, compared to the consensus estimate of $446.66 million. Elastic had a negative net margin of 5.04% and a negative return on equity of 2.34%. The firm’s revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.47 EPS. Elastic has set its FY 2027 guidance at 3.210-3.290 EPS and its Q1 2027 guidance at 0.570-0.590 EPS. On average, equities research analysts predict that Elastic will post 0.04 earnings per share for the current year.

Insider Buying and Selling at Elastic

In other news, insider Carolyn Herzog sold 3,989 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $52.28, for a total transaction of $208,544.92. Following the transaction, the insider directly owned 85,335 shares in the company, valued at approximately $4,461,313.80. This trade represents a 4.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CRO Mark Eugene Dodds sold 3,723 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $52.28, for a total transaction of $194,638.44. Following the transaction, the executive owned 152,563 shares in the company, valued at approximately $7,975,993.64. This represents a 2.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 38,188 shares of company stock valued at $1,996,469. 12.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Elastic

Hedge funds and other institutional investors have recently modified their holdings of the business. Sound Income Strategies LLC bought a new position in shares of Elastic during the fourth quarter valued at approximately $25,000. Geneos Wealth Management Inc. bought a new position in shares of Elastic during the second quarter valued at approximately $31,000. Bessemer Group Inc. bought a new position in shares of Elastic during the first quarter valued at approximately $25,000. Activest Wealth Management boosted its stake in shares of Elastic by 3,181.3% during the fourth quarter. Activest Wealth Management now owns 525 shares of the company’s stock valued at $40,000 after purchasing an additional 509 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd boosted its stake in shares of Elastic by 206.1% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 551 shares of the company’s stock valued at $42,000 after purchasing an additional 371 shares in the last quarter. 97.03% of the stock is currently owned by institutional investors.

Key Headlines Impacting Elastic

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Elastic reported fiscal Q4 EPS of $0.61 and revenue of $450.7 million, both ahead of estimates, while revenue grew 16% year over year. Elastic Reports Fourth Quarter and Fiscal 2026 Financial Results
• Positive Sentiment: The company’s outlook also came in above consensus, with Q1 2027 EPS guidance of $0.57-$0.59 and FY 2027 EPS guidance of $3.21-$3.29, signaling confidence in continued growth and profitability improvement. Elastic Reports Fourth Quarter and Fiscal 2026 Financial Results
• Positive Sentiment: Citigroup raised its price target on Elastic to $104 from $95, and Canaccord still kept a Buy rating while setting a $80 target, reinforcing bullish sentiment from analysts. Analyst price target updates via Benzinga
• Positive Sentiment: Elastic also reported solid operating cash flow and a growing backlog, which can help investors view the business as having durable demand despite near-term volatility. Elastic shares fall 3.2% as investors digest Q4 results and fiscal 2027 outlook
• Neutral Sentiment: Several analysts did trim targets after the earnings release, including Wedbush, Oppenheimer, and Canaccord, suggesting expectations have reset rather than turned negative. Analyst price target updates via Benzinga
• Negative Sentiment: Some investors may be disappointed that fiscal 2027 revenue guidance implies growth moderating to the mid-teens, which appears to have caused initial post-earnings selling pressure. Elastic shares fall 3.2% as investors digest Q4 results and fiscal 2027 outlook

Elastic Company Profile

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.