Elastic (NYSE:ESTC) Updates FY 2026 Earnings Guidance

Elastic (NYSE:ESTC - Get Free Report) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 2.240-2.32 for the period, compared to the consensus estimate of 2.080. The company issued revenue guidance of $1.7 billion-$1.7 billion, compared to the consensus revenue estimate of $1.7 billion. Elastic also updated its Q1 2026 guidance to 0.410-0.43 EPS.

Analysts Set New Price Targets

Several research firms recently weighed in on ESTC. Canaccord Genuity Group increased their target price on shares of Elastic from $130.00 to $135.00 and gave the company a "buy" rating in a research note on Friday, February 28th. JPMorgan Chase & Co. reduced their price objective on Elastic from $120.00 to $110.00 and set an "overweight" rating for the company in a research report on Friday. Guggenheim lowered their price objective on Elastic from $136.00 to $107.00 and set a "buy" rating on the stock in a research report on Friday. Wells Fargo & Company cut their target price on Elastic from $150.00 to $120.00 and set an "overweight" rating for the company in a research note on Friday. Finally, Royal Bank of Canada decreased their price target on shares of Elastic from $119.00 to $115.00 and set an "outperform" rating on the stock in a research note on Friday. Seven equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $114.67.

Elastic Price Performance

NYSE:ESTC traded down $11.08 during mid-day trading on Friday, reaching $80.95. 8,817,353 shares of the company were exchanged, compared to its average volume of 1,484,527. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.70. The stock has a market cap of $8.45 billion, a PE ratio of 147.18 and a beta of 1.20. Elastic has a 12 month low of $69.00 and a 12 month high of $123.96. The company has a fifty day moving average of $85.51 and a 200 day moving average of $97.68.

Elastic (NYSE:ESTC - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.37 by $0.10. The business had revenue of $388.43 million for the quarter, compared to analysts' expectations of $380.61 million. Elastic had a net margin of 4.39% and a negative return on equity of 13.20%. Elastic's revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.21 earnings per share. On average, research analysts anticipate that Elastic will post -0.77 EPS for the current fiscal year.

Insider Activity

In related news, CEO Ashutosh Kulkarni sold 18,735 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $90.77, for a total transaction of $1,700,575.95. Following the completion of the transaction, the chief executive officer now owns 376,591 shares in the company, valued at approximately $34,183,165.07. The trade was a 4.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Shay Banon sold 140,129 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $106.68, for a total transaction of $14,948,961.72. Following the completion of the sale, the chief technology officer now owns 2,254,978 shares in the company, valued at approximately $240,561,053.04. This trade represents a 5.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 172,636 shares of company stock valued at $17,959,032 over the last 90 days. 15.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Elastic

A hedge fund recently bought a new stake in Elastic stock. Focus Partners Wealth purchased a new position in Elastic (NYSE:ESTC - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,549 shares of the company's stock, valued at approximately $494,000. Institutional investors and hedge funds own 97.03% 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.