Elastic (NYSE:ESTC) CAO Jane Bone Sells 1,542 Shares of Stock

Key Points

• Elastic CAO Jane Bone sold 1,542 shares at an average price of $87.78, generating $135,356.76. The sale covered tax-withholding obligations tied to vested equity awards, leaving her with 47,697 shares.
• Elastic’s shares traded at $83.45, while the company reported quarterly EPS of $0.70 and revenue of $478.11 million, beating analyst expectations; revenue increased 15.2% year over year.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $94.12. Institutional investors and hedge funds own approximately 97.03% of the company’s stock.

Elastic N.V. (NYSE:ESTC - Get Free Report) CAO Jane Bone sold 1,542 shares of the stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $87.78, for a total value of $135,356.76. Following the completion of the transaction, the chief accounting officer directly owned 47,697 shares of the company's stock, valued at approximately $4,186,842.66. This represents a 3.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Elastic Price Performance

ESTC stock traded down $3.13 during midday trading on Thursday, reaching $83.45. The stock had a trading volume of 2,100,369 shares, compared to its average volume of 2,176,438. Elastic N.V. has a 52-week low of $42.05 and a 52-week high of $108.00. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.44. The company's fifty day simple moving average is $73.76 and its 200 day simple moving average is $60.74. The company has a market cap of $8.76 billion, a price-to-earnings ratio of 23.38, a price-to-earnings-growth ratio of 8.56 and a beta of 1.03.

Elastic (NYSE:ESTC - Get Free Report) last released its earnings results on Thursday, August 27th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.12. The business had revenue of $478.11 million during the quarter, compared to analyst estimates of $469.75 million. Elastic had a net margin of 20.84% and a negative return on equity of 0.35%. The company's revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.60 earnings per share. Elastic has set its FY 2027 guidance at 3.290-3.370 EPS and its Q2 2027 guidance at 0.800-0.820 EPS. As a group, sell-side analysts predict that Elastic N.V. will post 0.56 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Elastic

Several institutional investors and hedge funds have recently bought and sold shares of the company. Bessemer Group Inc. acquired a new position in Elastic in the 1st quarter valued at about $25,000. Basecamp Wealth Advisors LLC acquired a new stake in shares of Elastic during the 1st quarter worth approximately $28,000. Geneos Wealth Management Inc. acquired a new stake in shares of Elastic during the 2nd quarter worth approximately $31,000. Harbor Investment Advisory LLC purchased a new stake in shares of Elastic during the 2nd quarter valued at approximately $42,000. Finally, Aster Capital Management DIFC Ltd raised its position in shares of Elastic by 206.1% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 551 shares of the company's stock valued at $42,000 after buying an additional 371 shares during the period. 97.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Weiss Ratings raised shares of Elastic from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday, July 15th. Wolfe Research set a $55.00 price target on Elastic in a research report on Friday, May 29th. UBS Group increased their price target on Elastic from $85.00 to $105.00 and gave the company a "buy" rating in a report on Friday, August 28th. Wall Street Zen downgraded Elastic from a "buy" rating to a "hold" rating in a research report on Saturday, June 13th. Finally, Stifel Nicolaus boosted their price objective on Elastic from $90.00 to $107.00 and gave the stock a "buy" rating in a research note on Friday, August 28th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and thirteen have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $94.12.

About Elastic

Elastic N.V. develops search, observability and security software for organizations that need to find, analyze and act on data. Its core technology, Elasticsearch, is a distributed search and analytics engine that can process structured and unstructured information from applications, websites, logs and other sources.

The company offers its platform through Elastic Cloud, a managed cloud service available across major public-cloud environments, as well as through self-managed deployments.

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