Carolyn Herzog Sells 10,000 Shares of Elastic (NYSE:ESTC) Stock

Key Points

• Elastic insider Carolyn Herzog sold 10,000 shares at an average price of $93.67, worth $936,700, reducing her direct holdings by 7.79% to 118,439 shares.
• Elastic shares fell 3.2% to $89.43, despite the company beating quarterly earnings and revenue estimates. Revenue increased 15.2% year over year to $478.11 million.
• Analyst sentiment remains positive overall, with a consensus rating of “Moderate Buy” and an average price target of $94.12; 97.03% of the stock is owned by institutional investors.

Elastic N.V. (NYSE:ESTC - Get Free Report) insider Carolyn Herzog sold 10,000 shares of the business's stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $93.67, for a total value of $936,700.00. Following the completion of the sale, the insider directly owned 118,439 shares of the company's stock, valued at approximately $11,094,181.13. This trade represents a 7.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Carolyn Herzog also recently made the following trade(s):

• On Tuesday, June 9th, Carolyn Herzog sold 9,485 shares of Elastic stock. The shares were sold at an average price of $60.61, for a total value of $574,885.85.

Elastic Trading Down 3.2%

ESTC traded down $2.96 on Wednesday, hitting $89.43. 2,407,438 shares of the company were exchanged, compared to its average volume of 2,163,715. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.68 and a current ratio of 1.81. The firm has a fifty day simple moving average of $69.70 and a two-hundred day simple moving average of $59.49. The stock has a market capitalization of $9.30 billion, a PE ratio of 25.05, a price-to-earnings-growth ratio of 17.98 and a beta of 0.98. Elastic N.V. has a 12 month low of $42.05 and a 12 month high of $108.00.

Elastic (NYSE:ESTC - Get Free Report) last announced its quarterly earnings data on Thursday, August 27th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.12. Elastic had a negative return on equity of 0.35% and a net margin of 20.84%.The firm had revenue of $478.11 million during the quarter, compared to the consensus estimate of $469.75 million. During the same quarter in the previous year, the company posted $0.60 earnings per share. The business's revenue was up 15.2% on a year-over-year basis. Elastic has set its FY 2027 guidance at 3.290-3.370 EPS and its Q2 2027 guidance at 0.800-0.820 EPS. Sell-side analysts expect that Elastic N.V. will post 0.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on ESTC. Wall Street Zen lowered Elastic from a "buy" rating to a "hold" rating in a research report on Saturday, June 13th. Rosenblatt Securities restated a "buy" rating and set a $83.00 target price on shares of Elastic in a report on Wednesday, August 26th. Morgan Stanley raised their price target on Elastic from $66.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Friday, August 28th. Guggenheim lifted their price target on shares of Elastic from $106.00 to $120.00 and gave the company a "buy" rating in a report on Friday, August 28th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Elastic from $93.00 to $105.00 and gave the company an "overweight" rating in a research report on Friday, August 28th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat, Elastic currently has an average rating of "Moderate Buy" and a consensus target price of $94.12.

Institutional Trading of Elastic

Several large investors have recently bought and sold shares of ESTC. Geneos Wealth Management Inc. purchased a new position in shares of Elastic in the 2nd quarter valued at approximately $31,000. Bessemer Group Inc. purchased a new stake in Elastic in the first quarter worth $25,000. Aster Capital Management DIFC Ltd grew its stake in Elastic by 206.1% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 551 shares of the company's stock worth $42,000 after purchasing an additional 371 shares during the period. Basecamp Wealth Advisors LLC bought a new position in Elastic in the first quarter worth $28,000. Finally, Quarry LP raised its holdings in Elastic by 16,200.0% in the fourth quarter. Quarry LP now owns 652 shares of the company's stock worth $49,000 after purchasing an additional 648 shares in the last quarter. 97.03% of the stock is owned by institutional investors.

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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