Elastic (NYSE:ESTC - Get Free Report) updated its second quarter 2026 earnings guidance on Friday. The company provided earnings per share guidance of 0.560-0.580 for the period, compared to the consensus earnings per share estimate of 0.320. The company issued revenue guidance of $417.0 million-$419.0 million, compared to the consensus revenue estimate of $416.4 million. Elastic also updated its FY 2026 guidance to 2.290-2.350 EPS.
Elastic Price Performance
Elastic stock opened at $80.47 on Friday. The stock has a 50-day moving average price of $83.60 and a two-hundred day moving average price of $84.25. The company has a market capitalization of $8.55 billion, a PE ratio of -100.59 and a beta of 1.05. Elastic has a 12 month low of $70.14 and a 12 month high of $118.84. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.59.
Elastic (NYSE:ESTC - Get Free Report) last posted its earnings results on Thursday, August 28th. The company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.50). The business had revenue of $415.29 million for the quarter, compared to the consensus estimate of $397.13 million. Elastic had a negative return on equity of 1.68% and a negative net margin of 5.38%.The company's revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.35 earnings per share. Elastic has set its FY 2026 guidance at 2.290-2.350 EPS. Q2 2026 guidance at 0.560-0.580 EPS. Analysts expect that Elastic will post -0.77 EPS for the current year.
Elastic announced that its Board of Directors has approved a stock buyback plan on Thursday, October 9th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the stock. Citigroup restated a "buy" rating on shares of Elastic in a report on Friday, October 10th. Jefferies Financial Group increased their price objective on shares of Elastic from $110.00 to $125.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. DA Davidson initiated coverage on Elastic in a research report on Friday, August 29th. They issued a "neutral" rating and a $105.00 target price for the company. Monness Crespi & Hardt increased their price target on Elastic from $111.00 to $150.00 and gave the stock a "buy" rating in a report on Friday, August 29th. Finally, Stifel Nicolaus raised their price objective on Elastic from $112.00 to $134.00 and gave the company a "buy" rating in a research note on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $119.00.
View Our Latest Stock Report on Elastic
Insiders Place Their Bets
In other Elastic news, insider Ken Exner sold 6,290 shares of Elastic stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $90.12, for a total transaction of $566,854.80. Following the transaction, the insider directly owned 233,582 shares of the company's stock, valued at $21,050,409.84. The trade was a 2.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ashutosh Kulkarni sold 5,000 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $88.12, for a total transaction of $440,600.00. Following the completion of the sale, the chief executive officer owned 452,314 shares of the company's stock, valued at approximately $39,857,909.68. This represents a 1.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 352,042 shares of company stock worth $31,087,394 in the last three months. 12.70% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. bought a new stake in shares of Elastic during the 2nd quarter worth $31,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Elastic by 17.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,159 shares of the company's stock worth $98,000 after purchasing an additional 171 shares during the period. Headlands Technologies LLC bought a new position in Elastic during the second quarter valued at $135,000. EverSource Wealth Advisors LLC grew its holdings in Elastic by 400.0% during the second quarter. EverSource Wealth Advisors LLC now owns 2,110 shares of the company's stock valued at $178,000 after purchasing an additional 1,688 shares during the period. Finally, Tower Research Capital LLC TRC increased its position in Elastic by 1,420.4% in the second quarter. Tower Research Capital LLC TRC now owns 2,752 shares of the company's stock worth $232,000 after buying an additional 2,571 shares during the last quarter. Hedge funds and other institutional investors own 97.03% of the company's stock.
Elastic Company Profile
(
Get Free Report)
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.
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