Insider Selling: Elastic (NYSE:ESTC) CAO Sells $390,372.48 in Stock

Elastic N.V. (NYSE:ESTC) CAO Jane Bone sold 4,176 shares of Elastic stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $93.48, for a total transaction of $390,372.48. Following the transaction, the chief accounting officer directly owned 49,239 shares of the company’s stock, valued at approximately $4,602,861.72. This trade represents a 7.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Elastic Stock Performance

Shares of ESTC traded down $2.96 during trading hours on Wednesday, hitting $89.43. The stock had a trading volume of 2,407,438 shares, compared to its average volume of 2,163,715. The firm has a 50-day moving average price of $69.70 and a 200 day moving average price of $59.49. Elastic N.V. has a fifty-two week low of $42.05 and a fifty-two week high of $108.00. The firm has a market capitalization of $9.30 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 17.98 and a beta of 0.98. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.68 and a current ratio of 1.81.

Elastic (NYSE:ESTC) last released its quarterly earnings results on Thursday, August 27th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.58 by $0.12. Elastic had a net margin of 20.84% and a negative return on equity of 0.35%. The company had revenue of $478.11 million for the quarter, compared to analyst estimates of $469.75 million. During the same quarter last year, the business earned $0.60 earnings per share. The firm’s revenue was up 15.2% on a year-over-year basis. 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, research analysts anticipate that Elastic N.V. will post 0.3 EPS for the current year.

Wall Street Analyst Weigh In

ESTC has been the subject of several recent analyst reports. Royal Bank Of Canada lifted their price target on Elastic from $70.00 to $87.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Wolfe Research set a $55.00 price objective on Elastic in a report on Friday, May 29th. DA Davidson raised their price objective on Elastic from $60.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, August 26th. Wells Fargo & Company boosted their price objective on Elastic from $60.00 to $80.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 25th. Finally, JPMorgan Chase & Co. upped their target price on Elastic from $93.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat.com, Elastic presently has a consensus rating of “Moderate Buy” and an average price target of $94.12.

Institutional Investors Weigh In On Elastic

Several large investors have recently bought and sold shares of ESTC. Amundi lifted its position in shares of Elastic by 37.2% in the first quarter. Amundi now owns 296,604 shares of the company’s stock valued at $14,827,000 after acquiring an additional 80,441 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Elastic by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 1,724,508 shares of the company’s stock valued at $130,124,000 after purchasing an additional 49,198 shares in the last quarter. California State Teachers Retirement System boosted its stake in Elastic by 21.8% during the 1st quarter. California State Teachers Retirement System now owns 104,579 shares of the company’s stock worth $5,228,000 after purchasing an additional 18,716 shares during the last quarter. Temasek Holdings Private Ltd boosted its stake in Elastic by 9.3% during the 4th quarter. Temasek Holdings Private Ltd now owns 1,294,465 shares of the company’s stock worth $97,654,000 after purchasing an additional 109,608 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of Elastic by 15.6% during the fourth quarter. Legal & General Group Plc now owns 396,595 shares of the company’s stock worth $29,919,000 after buying an additional 53,523 shares in the last quarter. 97.03% of the stock is currently owned by hedge funds and other institutional investors.

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.