Brokerages Set Elastic N.V. (NYSE:ESTC) PT at $104.88

Shares of Elastic N.V. (NYSE:ESTC) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-nine brokerages that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation and seventeen have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $104.8750.

ESTC has been the subject of several research reports. Piper Sandler reduced their target price on Elastic from $125.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, November 21st. Guggenheim cut their price target on Elastic from $122.00 to $116.00 and set a “buy” rating on the stock in a research report on Friday, November 21st. Wall Street Zen raised Elastic from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. Stifel Nicolaus cut their target price on shares of Elastic from $134.00 to $108.00 and set a “buy” rating on the stock in a report on Friday, November 21st. Finally, DA Davidson reduced their price target on shares of Elastic from $100.00 to $80.00 and set a “neutral” rating for the company in a research report on Friday, November 21st.

Insider Activity

In related news, CRO Mark Eugene Dodds sold 5,800 shares of the business’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $74.60, for a total value of $432,680.00. Following the transaction, the executive owned 161,484 shares in the company, valued at $12,046,706.40. The trade was a 3.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Paul R. Auvil III acquired 10,000 shares of the firm’s stock in a transaction on Monday, December 1st. The shares were bought at an average cost of $71.02 per share, with a total value of $710,200.00. Following the completion of the transaction, the director directly owned 37,956 shares in the company, valued at $2,695,635.12. This trade represents a 35.77% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have sold 61,828 shares of company stock valued at $4,641,010. Insiders own 12.70% of the company’s stock.

Hedge Funds Weigh In On Elastic

Several institutional investors have recently bought and sold shares of ESTC. AXQ Capital LP acquired a new stake in Elastic in the second quarter valued at $419,000. Geode Capital Management LLC boosted its position in shares of 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 buying an additional 54,812 shares in the last quarter. Mackenzie Financial Corp grew its stake in Elastic by 622.2% in the 2nd quarter. Mackenzie Financial Corp now owns 77,005 shares of the company’s stock valued at $6,494,000 after acquiring an additional 66,342 shares during the last quarter. Panagora Asset Management Inc. increased its holdings in Elastic by 102.3% during the 2nd quarter. Panagora Asset Management Inc. now owns 464,268 shares of the company’s stock valued at $39,152,000 after acquiring an additional 234,735 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd raised its position in Elastic by 147.0% during the second quarter. Y Intercept Hong Kong Ltd now owns 57,690 shares of the company’s stock worth $4,865,000 after acquiring an additional 34,336 shares during the last quarter. 97.03% of the stock is owned by institutional investors and hedge funds.

Elastic Stock Down 0.7%

ESTC stock opened at $65.44 on Friday. The stock has a market cap of $6.90 billion, a P/E ratio of -63.53, a PEG ratio of 268.19 and a beta of 0.93. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.64. Elastic has a twelve month low of $64.28 and a twelve month high of $118.84. The company’s 50 day moving average is $73.97 and its two-hundred day moving average is $80.96.

Elastic (NYSE:ESTC) last issued its earnings results on Thursday, November 20th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.06. Elastic had a negative net margin of 6.79% and a negative return on equity of 2.02%. The business had revenue of $423.48 million during the quarter, compared to analysts’ expectations of $418.27 million. During the same quarter in the prior year, the business posted $0.59 EPS. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. Elastic has set its Q3 2026 guidance at 0.630-0.65 EPS. Research analysts expect that Elastic will post -0.77 earnings per share for the current fiscal year.

Elastic announced that its Board of Directors has approved a share repurchase plan on Thursday, October 9th that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

About Elastic

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.