Shares of Elastic (NYSE:ESTC - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the twenty-seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold recommendation, eighteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $125.96.
A number of research firms have commented on ESTC. Truist Financial decreased their price target on Elastic from $145.00 to $140.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Guggenheim raised their price objective on Elastic from $130.00 to $136.00 and gave the company a "buy" rating in a research report on Friday, February 28th. DA Davidson cut their price objective on Elastic from $115.00 to $75.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. UBS Group raised their price objective on Elastic from $140.00 to $148.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Finally, Canaccord Genuity Group raised their price objective on Elastic from $130.00 to $135.00 and gave the company a "buy" rating in a research report on Friday, February 28th.
Get Our Latest Analysis on ESTC
Insider Buying and Selling at Elastic
In other Elastic news, CRO Mark Eugene Dodds sold 2,755 shares of the business's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $90.77, for a total transaction of $250,071.35. Following the completion of the transaction, the executive now owns 96,484 shares in the company, valued at $8,757,852.68. The trade was a 2.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $1,700,575.95. Following the transaction, the chief executive officer now owns 376,591 shares of the company's stock, valued at $34,183,165.07. This trade represents a 4.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold 198,304 shares of company stock worth $20,847,452 over the last 90 days. Company insiders own 15.90% of the company's stock.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of ESTC. Barclays PLC boosted its position in shares of Elastic by 56.2% during the third quarter. Barclays PLC now owns 153,155 shares of the company's stock valued at $11,757,000 after buying an additional 55,084 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of Elastic by 3,442.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 14,525 shares of the company's stock valued at $1,439,000 after acquiring an additional 14,115 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Elastic during the fourth quarter valued at approximately $202,000. Geneos Wealth Management Inc. bought a new stake in shares of Elastic during the fourth quarter valued at approximately $25,000. Finally, KBC Group NV raised its stake in shares of Elastic by 42.2% during the fourth quarter. KBC Group NV now owns 3,435 shares of the company's stock valued at $340,000 after acquiring an additional 1,020 shares in the last quarter. Hedge funds and other institutional investors own 97.03% of the company's stock.
Elastic Price Performance
NYSE:ESTC traded down $0.55 on Monday, reaching $92.30. 1,521,952 shares of the company's stock traded hands, compared to its average volume of 1,466,946. 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 50-day simple moving average of $86.22 and a 200-day simple moving average of $97.71. The firm has a market cap of $9.64 billion, a PE ratio of 167.82 and a beta of 1.20. Elastic has a 12 month low of $69.00 and a 12 month high of $123.96.
Elastic (NYSE:ESTC - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.48). The business had revenue of $382.08 million for the quarter, compared to the consensus estimate of $368.85 million. Elastic had a net margin of 4.39% and a negative return on equity of 13.20%. Equities research analysts forecast that Elastic will post -0.77 earnings per share for the current year.
About Elastic
(
Get Free ReportElastic 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.
Recommended Stories

Before you consider Elastic, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Elastic wasn't on the list.
While Elastic currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.