What is Scotiabank’s Forecast for Elastic FY2026 Earnings?

Elastic (NYSE:ESTC) – Equities researchers at Scotiabank issued their FY2026 earnings estimates for Elastic in a report released on Wednesday, January 8th. Scotiabank analyst P. Colville expects that the company will post earnings per share of ($0.80) for the year. Scotiabank has a “Sector Outperform” rating and a $135.00 price objective on the stock. The consensus estimate for Elastic’s current full-year earnings is ($0.79) per share.

Several other equities analysts also recently issued reports on ESTC. Bank of America upped their target price on Elastic from $94.00 to $120.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. Guggenheim increased their price objective on Elastic from $100.00 to $120.00 and gave the company a “buy” rating in a report on Friday, November 22nd. JPMorgan Chase & Co. raised their price objective on Elastic from $100.00 to $130.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Wells Fargo & Company upped their target price on Elastic from $100.00 to $135.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Finally, Rosenblatt Securities reissued a “buy” rating and set a $120.00 price target on shares of Elastic in a research report on Wednesday, November 20th. Six analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $126.50.

Elastic Trading Down 0.7 %

Shares of Elastic stock opened at $97.94 on Thursday. The firm’s 50 day simple moving average is $99.50 and its two-hundred day simple moving average is $96.43. The firm has a market capitalization of $10.15 billion, a price-to-earnings ratio of 178.07 and a beta of 1.06. Elastic has a 12-month low of $69.00 and a 12-month high of $136.06. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.70.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Quarry LP purchased a new position in Elastic in the 2nd quarter valued at approximately $40,000. Eastern Bank purchased a new position in Elastic in the third quarter valued at $61,000. Headlands Technologies LLC boosted its holdings in Elastic by 75.4% in the second quarter. Headlands Technologies LLC now owns 628 shares of the company’s stock valued at $72,000 after purchasing an additional 270 shares during the period. Blue Trust Inc. grew its stake in Elastic by 21.2% during the 3rd quarter. Blue Trust Inc. now owns 2,582 shares of the company’s stock worth $198,000 after purchasing an additional 452 shares in the last quarter. Finally, Private Advisor Group LLC acquired a new stake in Elastic in the 3rd quarter valued at about $211,000. Institutional investors and hedge funds own 97.03% of the company’s stock.

Insider Activity

In other news, CEO Ashutosh Kulkarni sold 7,017 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $108.12, for a total value of $758,678.04. Following the sale, the chief executive officer now directly owns 395,326 shares of the company’s stock, valued at approximately $42,742,647.12. The trade was a 1.74 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Shay Banon sold 150,000 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $110.92, for a total value of $16,638,000.00. Following the transaction, the chief technology officer now owns 2,604,978 shares of the company’s stock, valued at approximately $288,944,159.76. This represents a 5.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 168,162 shares of company stock valued at $18,637,562 in the last 90 days. Company insiders own 15.90% 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.