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

Key Points

• Elastic N.V. has a consensus broker rating of "Moderate Buy" from 31 analysts, with an average 1-year price target of about $90.77.
• The company’s latest quarterly results beat expectations, with EPS of $0.73 versus the $0.64 estimate and revenue of $449.9 million, up 17.7% year over year.
• Several analysts trimmed their price targets recently, while insiders also sold shares; however, institutional investors remain heavily involved, owning about 97% of the stock.

Shares of Elastic N.V. (NYSE:ESTC - Get Free Report) have been given a consensus rating of "Moderate Buy" by the thirty-one brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and seventeen have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $90.7692.

Several analysts recently weighed in on ESTC shares. Rothschild & Co Redburn started coverage on shares of Elastic in a report on Thursday, April 23rd. They issued a "neutral" rating and a $49.00 target price on the stock. Barclays reduced their target price on shares of Elastic from $78.00 to $76.00 and set an "overweight" rating on the stock in a report on Friday, February 27th. Morgan Stanley reduced their target price on shares of Elastic from $80.00 to $73.00 and set an "overweight" rating on the stock in a report on Monday, March 2nd. Royal Bank Of Canada reduced their target price on shares of Elastic from $80.00 to $70.00 and set an "outperform" rating on the stock in a report on Thursday, April 16th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Elastic from $113.00 to $98.00 and set an "overweight" rating on the stock in a report on Friday, February 20th.

Insider Transactions at Elastic

In related news, CRO Mark Eugene Dodds sold 3,723 shares of the firm's stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $52.28, for a total value of $194,638.44. Following the sale, the executive owned 152,563 shares of the company's stock, valued at $7,975,993.64. This trade represents a 2.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ken Exner sold 4,310 shares of the firm's stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $52.28, for a total transaction of $225,326.80. Following the completion of the sale, the insider directly owned 222,728 shares in the company, valued at approximately $11,644,219.84. This trade represents a 1.90% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 38,188 shares of company stock valued at $1,996,469 over the last quarter. Insiders own 12.70% of the company's stock.

Institutional Trading of Elastic

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Elastic by 7.4% during the third quarter. Vanguard Group Inc. now owns 10,206,204 shares of the company's stock worth $862,322,000 after purchasing an additional 705,991 shares in the last quarter. AQR Capital Management LLC raised its holdings in Elastic by 153.4% during the fourth quarter. AQR Capital Management LLC now owns 7,545,081 shares of the company's stock worth $569,201,000 after purchasing an additional 4,567,720 shares in the last quarter. Pictet Asset Management Holding SA raised its holdings in Elastic by 43.2% during the first quarter. Pictet Asset Management Holding SA now owns 6,492,717 shares of the company's stock worth $324,550,000 after purchasing an additional 1,958,219 shares in the last quarter. FIL Ltd raised its holdings 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, Geode Capital Management LLC raised its holdings in Elastic by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 1,724,508 shares of the company's stock worth $130,124,000 after purchasing an additional 49,198 shares in the last quarter. Institutional investors and hedge funds own 97.03% of the company's stock.

Elastic Trading Up 0.1%

NYSE ESTC opened at $52.29 on Monday. The firm has a 50 day simple moving average of $50.44 and a 200-day simple moving average of $66.49. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.82 and a current ratio of 1.82. Elastic has a one year low of $42.05 and a one year high of $96.07. The firm has a market cap of $5.41 billion, a price-to-earnings ratio of -65.36, a PEG ratio of 65.91 and a beta of 0.88.

Elastic (NYSE:ESTC - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.64 by $0.09. Elastic had a negative net margin of 5.04% and a negative return on equity of 2.34%. The business had revenue of $449.88 million during the quarter, compared to analyst estimates of $438.37 million. During the same quarter last year, the firm posted $0.63 earnings per share. The business'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. Equities research analysts anticipate that Elastic will post 0.04 EPS for the current fiscal year.

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.

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