Elastic N.V. (NYSE:ESTC) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Consensus "Moderate Buy": 29 analysts cover Elastic with a consensus rating of "Moderate Buy" (17 buy, 11 hold, 1 sell) and an average 12‑month price target of $95.25, though several firms recently trimmed targets (e.g., Oppenheimer to $85, Citi to $95).
• Mixed fundamentals: Elastic beat the quarter (EPS $0.73 vs. $0.64; revenue $449.9M, up 17.7% YoY) and guided FY2026 EPS to 2.500–2.540, but still reports a negative net margin and is expected to post negative EPS for the current fiscal year.

Elastic N.V. (NYSE:ESTC - Get Free Report) has received an average recommendation of "Moderate Buy" from the twenty-nine research firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and seventeen have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $95.25.

Several equities research analysts have commented on the company. Oppenheimer dropped their target price on Elastic from $100.00 to $85.00 and set an "outperform" rating on the stock in a report on Friday, February 27th. Citigroup dropped their target price on Elastic from $115.00 to $95.00 and set a "buy" rating on the stock in a report on Friday, February 20th. Barclays dropped their target price on Elastic from $78.00 to $76.00 and set an "overweight" rating on the stock in a report on Friday, February 27th. Guggenheim reissued a "buy" rating and issued a $116.00 target price on shares of Elastic in a report on Wednesday, February 18th. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of Elastic in a report on Wednesday, January 21st.

Elastic Trading Up 4.6%

Elastic stock opened at $47.50 on Thursday. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.72. The business's fifty day simple moving average is $53.72 and its two-hundred day simple moving average is $70.10. Elastic has a 12 month low of $42.05 and a 12 month high of $96.07. The company has a market capitalization of $4.92 billion, a price-to-earnings ratio of -59.37, a price-to-earnings-growth ratio of 58.32 and a beta of 1.03.

Elastic (NYSE:ESTC - Get Free Report) last released its earnings results on Thursday, February 26th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.64 by $0.09. Elastic had a negative return on equity of 2.34% and a negative net margin of 5.04%.The business had revenue of $449.88 million for the quarter, compared to the consensus estimate of $438.37 million. During the same period in the previous year, the company posted $0.63 earnings per share. The company's revenue for the quarter was up 17.7% compared to the same quarter last year. Elastic has set its FY 2026 guidance at 2.500-2.540 EPS and its Q4 2026 guidance at 0.550-0.570 EPS. As a group, equities analysts predict that Elastic will post -0.77 earnings per share for the current fiscal year.

Insider Activity

In other news, CRO Mark Eugene Dodds sold 3,723 shares of the company's stock in a transaction on Monday, March 9th. The stock was sold at an average price of $52.28, for a total transaction of $194,638.44. Following the transaction, the executive directly owned 152,563 shares of the company's stock, valued at $7,975,993.64. This represents a 2.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Ken Exner sold 4,310 shares of the company's stock in a transaction on Monday, March 9th. The shares were sold at an average price of $52.28, for a total value of $225,326.80. Following the transaction, the insider directly owned 222,728 shares in the company, valued at approximately $11,644,219.84. The trade was a 1.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 38,188 shares of company stock valued at $1,996,469. Corporate insiders own 12.70% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Orion Porfolio Solutions LLC lifted its holdings in shares of Elastic by 1.4% during the third quarter. Orion Porfolio Solutions LLC now owns 8,593 shares of the company's stock valued at $726,000 after purchasing an additional 118 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Elastic by 17.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,159 shares of the company's stock valued at $98,000 after purchasing an additional 171 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Elastic by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 28,323 shares of the company's stock valued at $2,393,000 after purchasing an additional 175 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Elastic by 6.9% during the third quarter. Jones Financial Companies Lllp now owns 3,020 shares of the company's stock valued at $260,000 after purchasing an additional 194 shares in the last quarter. Finally, California State Teachers Retirement System lifted its holdings in shares of Elastic by 0.3% during the second quarter. California State Teachers Retirement System now owns 83,403 shares of the company's stock valued at $7,033,000 after purchasing an additional 219 shares in the last quarter. 97.03% of the stock is owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.