Elastic’s (ESTC) “Buy” Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reaffirmed their buy rating on shares of Elastic (NYSE:ESTC) in a research note issued to investors on Wednesday, Marketbeat reports. Rosenblatt Securities currently has a $83.00 price target on the stock.

A number of other equities research analysts have also recently weighed in on ESTC. Oppenheimer lifted their price target on shares of Elastic from $75.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, August 13th. Canaccord Genuity Group decreased their price objective on shares of Elastic from $90.00 to $80.00 and set a “buy” rating on the stock in a report on Friday, May 29th. Stifel Nicolaus set a $90.00 price objective on shares of Elastic in a research report on Tuesday, August 18th. Weiss Ratings upgraded shares of Elastic from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, July 15th. Finally, Barclays boosted their target price on Elastic from $68.00 to $94.00 and gave the company an “overweight” rating in a research report on Monday. Fifteen investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $94.12.

Elastic Stock Performance

Shares of Elastic stock opened at $99.75 on Wednesday. Elastic has a 52 week low of $42.05 and a 52 week high of $108.00. The business’s fifty day simple moving average is $68.25 and its 200-day simple moving average is $59.05. The firm has a market cap of $10.37 billion, a PE ratio of 27.94, a price-to-earnings-growth ratio of 20.89 and a beta of 0.98. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.45.

Elastic (NYSE:ESTC) last issued its quarterly earnings data on Thursday, August 27th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.12. The firm had revenue of $478.11 million during the quarter, compared to the consensus estimate of $469.75 million. Elastic had a negative return on equity of 0.38% and a net margin of 20.84%.The company’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period last year, the company earned $0.60 EPS. Elastic has set its FY 2027 guidance at 3.290-3.370 EPS and its Q2 2027 guidance at 0.800-0.820 EPS. Equities analysts forecast that Elastic will post 0.24 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Ken Exner sold 18,449 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $60.61, for a total transaction of $1,118,193.89. Following the sale, the insider directly owned 360,037 shares of the company’s stock, valued at $21,821,842.57. This represents a 4.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CRO Mark Eugene Dodds sold 18,439 shares of the stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $60.61, for a total transaction of $1,117,587.79. Following the sale, the executive owned 298,211 shares in the company, valued at approximately $18,074,568.71. This trade represents a 5.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 110,099 shares of company stock valued at $6,673,100. 12.70% of the stock is owned by company insiders.

Institutional Trading of Elastic

A number of large investors have recently modified their holdings of ESTC. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Elastic during the second quarter worth $319,000. California State Teachers Retirement System boosted its holdings in Elastic by 5,082.4% in the second quarter. California State Teachers Retirement System now owns 5,419,694 shares of the company’s stock valued at $309,031,000 after purchasing an additional 5,315,115 shares during the period. Syon Capital LLC acquired a new position in Elastic during the 2nd quarter worth $3,300,000. denkapparat Operations GmbH acquired a new position in Elastic during the 2nd quarter worth $322,000. Finally, Wellington Management Group LLP purchased a new stake in Elastic during the 2nd quarter worth about $41,889,000. Hedge funds and other institutional investors own 97.03% of the company’s stock.

Key Stories Impacting Elastic

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Quarterly beat and raised outlook: Elastic reported adjusted EPS of $0.70 versus the consensus estimate of $0.58, while revenue reached approximately $478.1 million, up about 15% year over year and ahead of most estimates. Management guided fiscal Q2 EPS to $0.80-$0.82, compared with the $0.66 consensus, and raised fiscal 2027 EPS guidance to $3.29-$3.37 versus an expected $2.64. Elastic Tops Q1 Earnings and Revenue Estimates
• Positive Sentiment: AI and enterprise demand are supporting growth: Coverage highlights increasing AI adoption, expansion among large enterprise customers and new product investments as drivers of Elastic’s accelerating revenue outlook. The results also showed solid cash generation, with operating cash flow of roughly $132 million. Another Day, Another Software Stock Surging 20%
• Positive Sentiment: Analyst targets moved higher: Oppenheimer, Jefferies, JPMorgan, Canaccord Genuity and Robert W. Baird all raised their price targets following the earnings report. Several firms now carry targets of $118-$120, with ratings ranging from “buy” to “outperform,” reinforcing the bullish reaction. Jefferies Raises Elastic Price Target
• Neutral Sentiment: Elastic announced that proxy materials for its October 15, 2026 annual shareholder meeting are available online. The filing is routine and is unlikely to materially affect the stock. Elastic Announces Proxy Materials Availability
• Negative Sentiment: Some valuation caution remains: Morgan Stanley maintained an “equal weight” rating with a $75 target, below the current trading level. Reported insider activity also shows sales without purchases in recent months, although these transactions may reflect routine diversification.

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.