Elastic (NYSE:ESTC) Insider Carolyn Herzog Sells 10,000 Shares

Elastic N.V. (NYSE:ESTC) insider Carolyn Herzog sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $93.67, for a total value of $936,700.00. Following the transaction, the insider owned 118,439 shares of the company’s stock, valued at $11,094,181.13. This represents a 7.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Carolyn Herzog also recently made the following trade(s):

• On Tuesday, June 9th, Carolyn Herzog sold 9,485 shares of Elastic stock. The stock was sold at an average price of $60.61, for a total value of $574,885.85.

Elastic Stock Down 3.2%

NYSE ESTC opened at $89.43 on Thursday. The stock has a 50 day moving average price of $70.31 and a 200-day moving average price of $59.69. Elastic N.V. has a one year low of $42.05 and a one year high of $108.00. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.68 and a current ratio of 1.81. The company has a market capitalization of $9.39 billion, a P/E ratio of 25.05, a P/E/G ratio of 8.95 and a beta of 1.03.

Elastic (NYSE:ESTC) last announced its quarterly earnings results on Thursday, August 27th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.12. The company had revenue of $478.11 million for the quarter, compared to analysts’ expectations of $469.75 million. Elastic had a net margin of 20.84% and a negative return on equity of 0.35%. Elastic’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.60 earnings per share. Elastic has set its FY 2027 guidance at 3.290-3.370 EPS and its Q2 2027 guidance at 0.800-0.820 EPS. As a group, equities analysts predict that Elastic N.V. will post 0.56 EPS for the current fiscal year.

Analyst Ratings Changes

ESTC has been the subject of a number of analyst reports. Wedbush lowered their price target on shares of Elastic from $74.00 to $65.00 and set an “outperform” rating for the company in a report on Friday, May 29th. Morgan Stanley boosted their price objective on Elastic from $66.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Friday, August 28th. Canaccord Genuity Group upped their price objective on Elastic from $80.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, August 28th. Royal Bank Of Canada raised their price objective on Elastic from $70.00 to $87.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Finally, Oppenheimer lifted their target price on Elastic from $100.00 to $118.00 and gave the stock an “outperform” rating in a report on Friday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, Elastic has a consensus rating of “Moderate Buy” and an average target price of $94.12.

Hedge Funds Weigh In On Elastic

Hedge funds have recently bought and sold shares of the business. California State Teachers Retirement System lifted its position in shares of Elastic by 5,082.4% during the second quarter. California State Teachers Retirement System now owns 5,419,694 shares of the company’s stock worth $309,031,000 after purchasing an additional 5,315,115 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Elastic by 153.4% in the fourth quarter. AQR Capital Management LLC now owns 7,545,081 shares of the company’s stock worth $569,201,000 after purchasing an additional 4,567,720 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Elastic by 516.1% in the first quarter. First Trust Advisors LP now owns 2,627,636 shares of the company’s stock worth $131,356,000 after purchasing an additional 2,201,140 shares during the last quarter. Pictet Asset Management Holding SA increased its stake in Elastic by 43.2% in the 1st quarter. Pictet Asset Management Holding SA now owns 6,492,717 shares of the company’s stock worth $324,550,000 after buying an additional 1,958,219 shares during the period. Finally, FIL Ltd increased its stake in Elastic by 36.9% in the 4th quarter. FIL Ltd now owns 3,628,748 shares of the company’s stock worth $273,753,000 after buying an additional 977,578 shares during the period. Institutional investors own 97.03% of the company’s stock.

Elastic News Summary

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Elastic’s earnings outlook is benefiting from upward estimate revisions, which could support the stock if analysts continue to raise forecasts. Can Elastic Run Higher on Rising Earnings Estimates?
• Positive Sentiment: RBC Capital initiated or reiterated a Buy rating, adding favorable sell-side support. Elastic Receives a Buy from RBC Capital
• Neutral Sentiment: Elastic delivered an earnings beat, highlighted growing enterprise adoption of its AI-powered search and cloud platform, and raised or maintained guidance pointing to continued fiscal 2027 growth. Still, DA Davidson remained Neutral, arguing that one strong quarter is not sufficient confirmation of the longer-term growth trajectory. Elastic Beat and Raised Guidance
• Negative Sentiment: CTO Shay Banon sold 476,298 shares across August 31 through September 2 for approximately $44.5 million, reducing his holdings by roughly 22% across the reported transactions. Additional sales by Chief Accounting Officer Jane Bone and insider Carolyn Herzog totaled about $1.3 million. The concentration of selling by senior insiders may reinforce profit-taking concerns, although the executives retain sizable positions. Elastic Insider Sale Filings
• Negative Sentiment: A separate analysis downgraded Elastic, reflecting concern that expectations and valuation may have moved ahead of fundamentals after the earnings-driven rally. Elastic Adjusting My Position After This Sprint

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.