Elastic N.V. (NYSE:ESTC) Receives $119.00 Consensus Price Target from Brokerages

Elastic N.V. (NYSE:ESTC) has received an average recommendation of “Moderate Buy” from the thirty-one ratings firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation, eighteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $119.00.

Several research firms have recently commented on ESTC. Wells Fargo & Company began coverage on shares of Elastic in a report on Tuesday, September 30th. They issued an “equal weight” rating and a $90.00 price objective on the stock. Barclays raised their price objective on shares of Elastic from $105.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. Morgan Stanley lifted their price target on shares of Elastic from $115.00 to $120.00 and gave the stock an “overweight” rating in a research note on Friday, August 29th. Wall Street Zen raised shares of Elastic from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. Finally, UBS Group boosted their price objective on shares of Elastic from $95.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, August 29th.

Elastic Trading Up 1.0%

Shares of Elastic stock opened at $88.00 on Thursday. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.59. Elastic has a 12-month low of $70.14 and a 12-month high of $118.84. The firm has a market capitalization of $9.35 billion, a price-to-earnings ratio of -110.00 and a beta of 1.05. The firm’s 50 day simple moving average is $84.85 and its two-hundred day simple moving average is $84.49.

Elastic (NYSE:ESTC) last issued its quarterly earnings results on Thursday, August 28th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.50). Elastic had a negative net margin of 5.38% and a negative return on equity of 1.68%. The company had revenue of $415.29 million for the quarter, compared to analyst estimates of $397.13 million. During the same quarter in the previous year, the company posted $0.35 EPS. The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. Elastic has set its FY 2026 guidance at 2.290-2.350 EPS. Q2 2026 guidance at 0.560-0.580 EPS. Analysts predict that Elastic will post -0.77 EPS for the current year.

Elastic announced that its Board of Directors has approved a stock repurchase program on Thursday, October 9th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In related news, CFO Navam Welihinda sold 1,256 shares of the business’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $84.58, for a total value of $106,232.48. Following the completion of the transaction, the chief financial officer owned 129,247 shares of the company’s stock, valued at approximately $10,931,711.26. The trade was a 0.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Jane E. Bone sold 1,250 shares of the company’s stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $87.22, for a total transaction of $109,025.00. Following the transaction, the chief accounting officer directly owned 37,633 shares of the company’s stock, valued at approximately $3,282,350.26. This represents a 3.21% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 352,042 shares of company stock worth $31,087,394. 12.70% of the stock is owned by company insiders.

Institutional Trading of Elastic

Institutional investors and hedge funds have recently bought and sold shares of the business. Massachusetts Financial Services Co. MA boosted its stake in Elastic by 5,437.6% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,288,128 shares of the company’s stock valued at $203,872,000 after acquiring an additional 2,246,808 shares during the last quarter. AQR Capital Management LLC grew its holdings in Elastic by 30.5% during the second quarter. AQR Capital Management LLC now owns 1,832,215 shares of the company’s stock worth $153,100,000 after acquiring an additional 428,356 shares during the period. Voya Investment Management LLC grew its holdings in Elastic by 4.7% during the third quarter. Voya Investment Management LLC now owns 1,781,925 shares of the company’s stock worth $150,555,000 after acquiring an additional 79,465 shares during the period. State Street Corp increased its stake in Elastic by 4.0% in the 2nd quarter. State Street Corp now owns 1,574,525 shares of the company’s stock worth $132,780,000 after purchasing an additional 59,850 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Elastic by 3.6% in the 2nd quarter. Geode Capital Management LLC now owns 1,569,578 shares of the company’s stock worth $132,384,000 after purchasing an additional 54,812 shares in the last quarter. Institutional investors and hedge funds 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.