Elastic (NYSE:ESTC) Insider Ken Exner Sells 4,310 Shares

Elastic N.V. (NYSE:ESTC) insider Ken Exner sold 4,310 shares of Elastic stock in a transaction on Monday, March 9th. The shares were sold at an average price of $52.28, for a total transaction of $225,326.80. Following the completion of the transaction, the insider owned 222,728 shares in the company, valued at approximately $11,644,219.84. This represents a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Elastic Price Performance

Shares of ESTC opened at $51.77 on Wednesday. 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 N.V. has a fifty-two week low of $49.90 and a fifty-two week high of $103.79. The firm has a 50-day simple moving average of $65.01 and a 200-day simple moving average of $76.63. The company has a market capitalization of $5.36 billion, a price-to-earnings ratio of -64.71, a price-to-earnings-growth ratio of 68.42 and a beta of 0.98.

Elastic (NYSE:ESTC) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 2.34% and a negative net margin of 5.04%.The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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. On average, equities research analysts anticipate that Elastic N.V. will post -0.77 earnings per share for the current year.

Institutional Investors Weigh In On Elastic

Institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC increased its holdings in shares of 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 purchasing an additional 4,567,720 shares in the last quarter. FIL Ltd boosted its holdings in Elastic by 36.9% during the fourth 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 in the last quarter. Alyeska Investment Group L.P. grew its position in Elastic by 490.4% during the third quarter. Alyeska Investment Group L.P. now owns 1,113,503 shares of the company’s stock worth $94,080,000 after buying an additional 924,911 shares during the period. Vanguard Group Inc. increased its holdings in Elastic by 7.4% in the third quarter. Vanguard Group Inc. now owns 10,206,204 shares of the company’s stock valued at $862,322,000 after buying an additional 705,991 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its holdings in Elastic by 302.1% in the second quarter. Qube Research & Technologies Ltd now owns 932,630 shares of the company’s stock valued at $78,649,000 after buying an additional 700,697 shares in the last quarter. 97.03% of the stock is currently owned by hedge funds and other institutional investors.

Elastic News Roundup

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

Analyst Ratings Changes

Several brokerages have issued reports on ESTC. Oppenheimer dropped their price objective on shares of Elastic from $100.00 to $85.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th. Guggenheim reaffirmed a “buy” rating and issued a $116.00 target price on shares of Elastic in a report on Wednesday, February 18th. Truist Financial dropped their price target on shares of Elastic from $105.00 to $80.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Citigroup cut their price target on shares of Elastic from $115.00 to $95.00 and set a “buy” rating for the company in a report on Friday, February 20th. Finally, Barclays reduced their price objective on shares of Elastic from $78.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, February 27th. Seventeen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Elastic has an average rating of “Moderate Buy” and a consensus target price of $95.25.

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.