Cantor Fitzgerald Predicts Elastic FY2026 Earnings

Elastic (NYSE:ESTC - Free Report) - Analysts at Cantor Fitzgerald issued their FY2026 earnings per share estimates for shares of Elastic in a report released on Monday, June 9th. Cantor Fitzgerald analyst T. Blakey anticipates that the company will earn ($0.22) per share for the year. Cantor Fitzgerald currently has a "Neutral" rating and a $92.00 price target on the stock. The consensus estimate for Elastic's current full-year earnings is ($0.77) per share.

A number of other brokerages have also recently weighed in on ESTC. TD Securities dropped their price target on Elastic from $125.00 to $105.00 and set a "hold" rating on the stock in a research report on Wednesday, May 21st. Royal Bank of Canada cut their target price on Elastic from $119.00 to $115.00 and set an "outperform" rating on the stock in a research note on Friday, May 30th. Stifel Nicolaus lowered their price target on shares of Elastic from $140.00 to $112.00 and set a "buy" rating for the company in a research report on Friday, May 30th. Oppenheimer dropped their price objective on shares of Elastic from $140.00 to $120.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Finally, Morgan Stanley reduced their target price on shares of Elastic from $140.00 to $120.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Eight equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Elastic has an average rating of "Moderate Buy" and a consensus target price of $113.63.

Elastic Stock Performance

NYSE ESTC traded down $1.25 during trading hours on Tuesday, reaching $82.00. The company's stock had a trading volume of 725,589 shares, compared to its average volume of 1,498,438. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.70. The business has a 50-day simple moving average of $84.89 and a 200 day simple moving average of $97.05. Elastic has a 52 week low of $69.00 and a 52 week high of $123.96. The stock has a market cap of $8.56 billion, a PE ratio of 148.88 and a beta of 1.07.

Elastic (NYSE:ESTC - Get Free Report) last issued its earnings results on Thursday, May 29th. The company reported $0.47 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.10. Elastic had a net margin of 4.39% and a negative return on equity of 13.20%. The company had revenue of $388.43 million for the quarter, compared to analysts' expectations of $380.61 million. During the same period in the prior year, the company earned $0.21 earnings per share. The firm's revenue was up 15.9% compared to the same quarter last year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ESTC. Signaturefd LLC boosted its stake in Elastic by 53.7% in the 1st quarter. Signaturefd LLC now owns 335 shares of the company's stock worth $30,000 after purchasing an additional 117 shares during the period. Sigma Planning Corp boosted its position in shares of Elastic by 3.7% in the fourth quarter. Sigma Planning Corp now owns 3,929 shares of the company's stock worth $389,000 after buying an additional 139 shares during the period. Parallel Advisors LLC grew its holdings in shares of Elastic by 4.5% during the first quarter. Parallel Advisors LLC now owns 3,396 shares of the company's stock valued at $303,000 after buying an additional 145 shares in the last quarter. Y.D. More Investments Ltd grew its holdings in shares of Elastic by 0.5% during the first quarter. Y.D. More Investments Ltd now owns 29,742 shares of the company's stock valued at $2,756,000 after buying an additional 145 shares in the last quarter. Finally, CIBC Asset Management Inc grew its holdings in shares of Elastic by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 3,053 shares of the company's stock valued at $302,000 after buying an additional 151 shares in the last quarter. 97.03% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Elastic

In other Elastic news, CFO Navam Welihinda sold 2,261 shares of the business's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $86.91, for a total transaction of $196,503.51. Following the sale, the chief financial officer now owns 133,925 shares in the company, valued at approximately $11,639,421.75. The trade was a 1.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ken Exner sold 6,918 shares of the company's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $86.91, for a total transaction of $601,243.38. Following the sale, the insider now directly owns 230,494 shares of the company's stock, valued at $20,032,233.54. This represents a 2.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 53,413 shares of company stock valued at $4,720,774 over the last ninety days. Insiders own 15.90% of the company's stock.

About Elastic

Elastic N.V., a data analytics company, delivers solutions designed to run in public or private clouds in multi-cloud environments. It primarily offers Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as performs search, analysis, and visualization on that data.