Elastic (NYSE:ESTC) Upgraded to "Hold" at Rothschild & Co Redburn

Key Points

• Rothschild & Co Redburn upgraded Elastic to a Hold, while the analyst mix remains 17 Buys, 13 Holds and 1 Sell with a consensus target price of $90.77 (average rating: Moderate Buy).
• Elastic beat estimates for the quarter with $0.73 EPS vs. $0.64 expected and revenue of $449.88M (up 17.7% year-over-year), and set FY2026 guidance of about $2.50–$2.54 EPS.
• Insiders sold roughly 38,188 shares (~$2.0M) over the last three months while institutional investors own ~97% of the stock; shares opened at $46.36 with a 1‑year range of $42.05–$96.07 and a market cap near $4.8B.

Elastic (NYSE:ESTC - Get Free Report) was upgraded by analysts at Rothschild & Co Redburn to a "hold" rating in a note issued to investors on Thursday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the company. Barclays cut their price objective on Elastic from $78.00 to $76.00 and set an "overweight" rating on the stock in a report on Friday, February 27th. Guggenheim reiterated a "buy" rating and set a $116.00 price objective on shares of Elastic in a report on Wednesday, February 18th. Rosenblatt Securities cut their price objective on Elastic from $130.00 to $110.00 and set a "buy" rating on the stock in a report on Friday, January 30th. Citigroup cut their price objective on Elastic from $115.00 to $95.00 and set a "buy" rating on the stock in a report on Friday, February 20th. Finally, Piper Sandler cut their price objective on Elastic from $110.00 to $85.00 and set an "overweight" rating on the stock in a report on Friday, February 27th. Seventeen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $90.77.

Elastic Price Performance

Shares of ESTC opened at $46.36 on Thursday. Elastic has a 1 year low of $42.05 and a 1 year high of $96.07. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.72. The stock has a market cap of $4.80 billion, a P/E ratio of -57.96, a price-to-earnings-growth ratio of 54.26 and a beta of 1.03. The stock's 50-day moving average price is $51.89 and its two-hundred day moving average price is $68.35.

Elastic (NYSE:ESTC - Get Free Report) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.09. Elastic had a negative return on equity of 2.34% and a negative net margin of 5.04%.The business had revenue of $449.88 million for the quarter, compared to analysts' expectations of $438.37 million. During the same quarter in the previous year, the business posted $0.63 EPS. Elastic's revenue for the quarter was up 17.7% on a year-over-year basis. Elastic has set its FY 2026 guidance at 2.500-2.540 EPS and its Q4 2026 guidance at 0.550-0.570 EPS. On average, equities analysts predict that Elastic will post 0.04 earnings per share for the current year.

Insider Transactions at Elastic

In other Elastic news, insider Carolyn Herzog sold 3,989 shares of the business's stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $52.28, for a total value of $208,544.92. Following the sale, the insider owned 85,335 shares in the company, valued at approximately $4,461,313.80. The trade was a 4.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Ken Exner sold 4,310 shares of the business'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 $225,326.80. Following the completion of the sale, the insider owned 222,728 shares in the company, valued at $11,644,219.84. The trade was a 1.90% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 38,188 shares of company stock worth $1,996,469. Corporate insiders own 12.70% of the company's stock.

Institutional Investors Weigh In On Elastic

Institutional investors have recently bought and sold shares of the company. J. Safra Sarasin Holding AG increased its position in shares of Elastic by 43.0% during the 4th quarter. J. Safra Sarasin Holding AG now owns 189,138 shares of the company's stock worth $14,269,000 after purchasing an additional 56,892 shares during the last quarter. Citigroup Inc. increased its position in shares of Elastic by 89.0% during the 3rd quarter. Citigroup Inc. now owns 89,357 shares of the company's stock worth $7,550,000 after purchasing an additional 42,087 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Elastic by 50.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 891,279 shares of the company's stock worth $75,304,000 after purchasing an additional 300,264 shares during the last quarter. Thematics Asset Management increased its position in shares of Elastic by 10.2% during the 3rd quarter. Thematics Asset Management now owns 523,283 shares of the company's stock worth $44,212,000 after purchasing an additional 48,346 shares during the last quarter. Finally, Cinctive Capital Management LP acquired a new position in shares of Elastic during the 3rd quarter worth approximately $13,608,000. Institutional investors own 97.03% of the company's stock.

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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