Shay Banon Sells 155,586 Shares of Elastic (NYSE:ESTC) Stock

Posted by Paula Ricardo on Sep 11th, 2026

Elastic N.V. (NYSE:ESTC – Get Free Report) CTO Shay Banon sold 155,586 shares of the firm’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $86.82, for a total transaction of $13,507,976.52. Following the completion of the transaction, the chief technology officer directly owned 4,000,971 shares in the company, valued at approximately $347,364,302.22. This represents a 3.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Shay Banon also recently made the following trade(s):

On Thursday, September 10th, Shay Banon sold 6,201 shares of Elastic stock. The shares were sold at an average price of $85.19, for a total transaction of $528,263.19.
On Friday, September 4th, Shay Banon sold 80,583 shares of Elastic stock. The shares were sold at an average price of $92.65, for a total transaction of $7,466,014.95.
On Thursday, September 3rd, Shay Banon sold 23,702 shares of Elastic stock. The shares were sold at an average price of $94.11, for a total transaction of $2,230,595.22.
On Thursday, September 3rd, Shay Banon sold 180,000 shares of Elastic stock. The stock was sold at an average price of $94.07, for a total transaction of $16,932,600.00.
On Wednesday, September 2nd, Shay Banon sold 165,171 shares of Elastic stock. The stock was sold at an average price of $90.26, for a total value of $14,908,334.46.
On Tuesday, September 1st, Shay Banon sold 111,127 shares of Elastic stock. The stock was sold at an average price of $92.60, for a total value of $10,290,360.20.
On Monday, August 31st, Shay Banon sold 200,000 shares of Elastic stock. The shares were sold at an average price of $96.47, for a total value of $19,294,000.00.

Elastic Price Performance

Shares of NYSE:ESTC traded down $0.04 during midday trading on Friday, hitting $83.44. The company had a trading volume of 2,354,723 shares, compared to its average volume of 2,177,464. Elastic N.V. has a twelve month low of $42.05 and a twelve month high of $108.00. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.81 and a quick ratio of 1.81. The stock has a market cap of $8.76 billion, a price-to-earnings ratio of 23.37, a price-to-earnings-growth ratio of 8.39 and a beta of 1.03. The business’s 50-day simple moving average is $74.28 and its 200-day simple moving average is $60.91.

Elastic (NYSE:ESTC – Get Free Report) last released its quarterly earnings data on Thursday, August 27th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.12. The company had revenue of $478.11 million for the quarter, compared to analyst estimates of $469.75 million. Elastic had a negative return on equity of 0.35% and a net margin of 20.84%.The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the company 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. On average, research analysts predict that Elastic N.V. will post 0.56 earnings per share for the current year.

Institutional Investors Weigh In On Elastic

A number of institutional investors and hedge funds have recently made changes to their positions in ESTC. AQR Capital Management LLC increased its holdings in 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 during the last quarter. Pictet Asset Management Holding SA raised its position in Elastic by 43.2% in the first quarter. Pictet Asset Management Holding SA now owns 6,492,717 shares of the company’s stock valued at $324,550,000 after purchasing an additional 1,958,219 shares during the period. California State Teachers Retirement System lifted its stake in 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 in the last quarter. FIL Ltd lifted its stake 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 purchasing an additional 977,578 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Elastic by 516.1% during the first quarter. First Trust Advisors LP now owns 2,627,636 shares of the company’s stock worth $131,356,000 after buying an additional 2,201,140 shares during the period. 97.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ESTC. Zacks Research raised shares of Elastic from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 28th. Bank of America raised their price objective on shares of Elastic from $90.00 to $108.00 and gave the stock a “neutral” rating in a research report on Friday, August 28th. Oppenheimer lifted their target price on shares of Elastic from $100.00 to $118.00 and gave the stock an “outperform” rating in a research note on Friday, August 28th. DA Davidson boosted their target price on shares of Elastic from $60.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, August 26th. Finally, JPMorgan Chase & Co. increased their price target on shares of Elastic from $93.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, August 28th. One 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, the company has an average rating of “Moderate Buy” and an average price target of $96.52.

View Our Latest Report on ESTC

More Elastic News

Here are the key news stories impacting Elastic this week:

Positive Sentiment: Elastic introduced Elasticsearch Vector Database, a serverless offering designed for large-scale vector search and artificial-intelligence applications. The product is intended to simplify deployment, support hundreds of billions of vectors and strengthen Elastic’s position in the growing AI-search market. Elastic Introduces Serverless Vector Database
Positive Sentiment: Wedbush began coverage with an “outperform” rating and a $125 price target, implying substantial upside from the recent trading level. The recommendation reflects optimism about Elastic’s AI, search and cloud growth opportunities.
Positive Sentiment: Short interest dropped 39% between mid-August and August 31 to 3.87 million shares, or roughly 4.2% of shares outstanding. Reduced bearish positioning and only 1.1 days of short-interest coverage could provide technical support and limit short-selling pressure.
Neutral Sentiment: Elastic’s latest quarterly results were strong, with $0.70 in adjusted EPS versus the $0.58 consensus and revenue of $478.1 million versus $469.8 million expected. Revenue grew 15.2% year over year, and fiscal 2027 EPS guidance was set at $3.29 to $3.37; however, these results were reported previously and may already be reflected in the stock’s valuation.
Negative Sentiment: Several executives, including CEO Ashutosh Kulkarni, CFO Navam Welihinda, CRO Mark Dodds and CAO Jane Bone, sold shares on September 9. The sales totaled about 54,888 shares and $4.8 million, but were made to cover tax withholding on vested equity awards, making them less concerning than discretionary selling.
Negative Sentiment: Repeated insider selling following a strong rally could still weigh on sentiment, particularly as investors assess whether the company’s AI-driven growth can justify its elevated valuation.

About Elastic

(Get Free Report)

Elastic N.V. develops search, observability and security software for organizations that need to find, analyze and act on data. Its core technology, Elasticsearch, is a distributed search and analytics engine that can process structured and unstructured information from applications, websites, logs and other sources.

The company offers its platform through Elastic Cloud, a managed cloud service available across major public-cloud environments, as well as through self-managed deployments.