Elastic N.V. (NYSE:ESTC) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Elastic N.V. (NYSE:ESTC) have received an average recommendation of “Moderate Buy” from the thirty-one ratings firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eighteen have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $80.0370.

A number of analysts have weighed in on ESTC shares. Citigroup increased their price objective on Elastic from $95.00 to $104.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Wedbush decreased their price objective on Elastic from $74.00 to $65.00 and set an “outperform” rating for the company in a research report on Friday, May 29th. Barclays decreased their price objective on Elastic from $76.00 to $68.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. Morgan Stanley decreased their price objective on Elastic from $80.00 to $73.00 and set an “overweight” rating for the company in a research report on Monday, March 2nd. Finally, UBS Group reaffirmed a “buy” rating and set a $85.00 price objective on shares of Elastic in a research report on Friday, May 29th.

Elastic Stock Up 2.0%

Shares of NYSE ESTC opened at $65.36 on Friday. The stock has a market cap of $6.76 billion, a PE ratio of 18.67, a price-to-earnings-growth ratio of 50.35 and a beta of 1.00. 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 has a 52-week low of $42.05 and a 52-week high of $96.07. The business has a 50-day moving average price of $51.46 and a 200 day moving average price of $61.89.

Elastic (NYSE:ESTC) last announced its earnings results on Thursday, May 28th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.05. The firm had revenue of $450.68 million during the quarter, compared to analysts’ expectations of $446.66 million. Elastic had a negative return on equity of 2.02% and a net margin of 21.14%.The business’s revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the firm earned $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. Equities research analysts forecast that Elastic will post 0.06 earnings per share for the current year.

Insider Activity at Elastic

In other Elastic news, CRO Mark Eugene Dodds sold 3,723 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $52.28, for a total transaction of $194,638.44. Following the completion of the sale, the executive directly owned 152,563 shares of the company’s stock, valued at approximately $7,975,993.64. This trade represents a 2.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Shay Banon sold 4,283 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $52.28, for a total value of $223,915.24. Following the completion of the sale, the chief technology officer directly owned 4,354,945 shares of the company’s stock, valued at $227,676,524.60. This represents a 0.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 38,188 shares of company stock worth $1,996,469 in the last ninety days. Company insiders own 12.70% of the company’s stock.

Institutional Trading of Elastic

Hedge funds have recently modified their holdings of the business. Sound Income Strategies LLC acquired a new stake in shares of Elastic in the 4th quarter valued at approximately $25,000. Bessemer Group Inc. acquired a new stake in shares of Elastic in the 1st quarter valued at approximately $25,000. Geneos Wealth Management Inc. acquired a new stake in shares of Elastic in the 2nd quarter valued at approximately $31,000. Activest Wealth Management lifted its holdings in shares of Elastic by 3,181.3% in the 4th quarter. Activest Wealth Management now owns 525 shares of the company’s stock valued at $40,000 after buying an additional 509 shares during the period. Finally, Aster Capital Management DIFC Ltd lifted its holdings in shares of Elastic by 206.1% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 551 shares of the company’s stock valued at $42,000 after buying an additional 371 shares during the period. 97.03% of the stock is owned by institutional investors and hedge funds.

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.