Elastic (NYSE:ESTC) Issues Q1 2026 Earnings Guidance

Elastic (NYSE:ESTC - Get Free Report) issued an update on its first quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.410-0.43 for the period, compared to the consensus estimate of 0.420. The company issued revenue guidance of $396.0 million-$398.0 million, compared to the consensus revenue estimate of $395.1 million. Elastic also updated its FY 2026 guidance to 2.240-2.32 EPS.

Elastic Price Performance

Elastic stock traded down $11.08 during trading hours on Friday, reaching $80.95. 8,817,353 shares of the stock were exchanged, compared to its average volume of 1,484,527. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.70. Elastic has a twelve month low of $69.00 and a twelve month high of $123.96. The company has a market cap of $8.45 billion, a P/E ratio of 147.18 and a beta of 1.20. The stock has a 50 day moving average of $85.51 and a two-hundred day moving average of $97.68.

Elastic (NYSE:ESTC - Get Free Report) last posted its quarterly earnings results on Thursday, May 29th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.10. Elastic had a net margin of 4.39% and a negative return on equity of 13.20%. The business had revenue of $388.43 million for the quarter, compared to analyst estimates of $380.61 million. During the same quarter last year, the business posted $0.21 EPS. The firm's revenue for the quarter was up 15.9% on a year-over-year basis. Equities analysts expect that Elastic will post -0.77 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on ESTC. Guggenheim decreased their price target on Elastic from $136.00 to $107.00 and set a "buy" rating on the stock in a research note on Friday. TD Securities decreased their target price on Elastic from $125.00 to $105.00 and set a "hold" rating on the stock in a research report on Wednesday, May 21st. Barclays dropped their target price on shares of Elastic from $124.00 to $105.00 and set an "overweight" rating for the company in a report on Friday. Canaccord Genuity Group raised their price target 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. Finally, Truist Financial lowered their price objective on shares of Elastic from $145.00 to $140.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Seven investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $114.67.

Insider Activity

In related news, CTO Shay Banon sold 2,683 shares of the company's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $90.78, for a total transaction of $243,562.74. Following the sale, the chief technology officer now owns 4,535,456 shares in the company, valued at $411,728,695.68. This represents a 0.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ashutosh Kulkarni sold 18,735 shares of Elastic stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $90.77, for a total value of $1,700,575.95. Following the completion of the sale, the chief executive officer now owns 376,591 shares of the company's stock, valued at approximately $34,183,165.07. The trade was a 4.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 172,636 shares of company stock valued at $17,959,032. Company insiders own 15.90% of the company's stock.

Hedge Funds Weigh In On Elastic

A hedge fund recently bought a new stake in Elastic stock. Focus Partners Wealth acquired a new stake in Elastic (NYSE:ESTC - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 5,549 shares of the company's stock, valued at approximately $494,000. Institutional investors own 97.03% of the company's stock.

Elastic Company Profile

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.