Oppenheimer Issues Pessimistic Forecast for Elastic (NYSE:ESTC) Stock Price

Elastic (NYSE:ESTC) had its price target decreased by equities research analysts at Oppenheimer from $85.00 to $75.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s price objective points to a potential upside of 30.49% from the stock’s previous close.

A number of other brokerages have also recently issued reports on ESTC. TD Cowen decreased their target price on Elastic from $65.00 to $60.00 and set a “hold” rating on the stock in a research report on Tuesday. Cantor Fitzgerald dropped their price target on Elastic from $66.00 to $59.00 and set a “neutral” rating for the company in a report on Tuesday. Citigroup reduced their price target on Elastic from $115.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, February 20th. Morgan Stanley decreased their price objective on Elastic from $80.00 to $73.00 and set an “overweight” rating on the stock in a report on Monday, March 2nd. Finally, Guggenheim lowered their price objective on Elastic from $116.00 to $106.00 and set a “buy” rating on the stock in a research report on Tuesday, May 19th. Eighteen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $85.41.

Elastic Stock Performance

NYSE ESTC opened at $57.48 on Friday. The stock has a market cap of $5.95 billion, a PE ratio of -71.85, a P/E/G ratio of 101.99 and a beta of 0.88. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.82 and a current ratio of 1.82. The firm has a 50-day moving average of $50.20 and a 200-day moving average of $62.82. Elastic has a 52-week low of $42.05 and a 52-week high of $96.07.

Elastic (NYSE:ESTC) last announced its quarterly earnings results on Thursday, May 28th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.05. The business had revenue of $450.68 million for the quarter, compared to analyst estimates of $446.66 million. Elastic had a negative net margin of 5.04% and a negative return on equity of 2.34%. Elastic’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.47 EPS. Elastic has set its FY 2027 guidance at 3.210-3.290 EPS and its Q1 2027 guidance at 0.570-0.590 EPS. On average, sell-side analysts anticipate that Elastic will post 0.04 EPS for the current year.

Insider Transactions at Elastic

In other Elastic news, insider Ken Exner sold 4,310 shares of Elastic stock in a transaction on Monday, March 9th. The stock was sold at an average price of $52.28, for a total value of $225,326.80. Following the completion of the transaction, the insider directly owned 222,728 shares of the company’s stock, valued at $11,644,219.84. The trade was a 1.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Shay Banon sold 4,283 shares of the company’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $52.28, for a total value of $223,915.24. Following the sale, the chief technology officer owned 4,354,945 shares of the company’s stock, valued at approximately $227,676,524.60. The trade was a 0.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 38,188 shares of company stock worth $1,996,469. Corporate insiders own 12.70% of the company’s stock.

Institutional Investors Weigh In On Elastic

A number of large investors have recently bought and sold shares of the company. Sound Income Strategies LLC bought a new position in Elastic in the 4th quarter valued at about $25,000. Bessemer Group Inc. bought a new stake in shares of Elastic during the 1st quarter worth approximately $25,000. Geneos Wealth Management Inc. acquired a new stake in shares of Elastic during the 2nd quarter worth approximately $31,000. Activest Wealth Management increased its stake in Elastic by 3,181.3% in the fourth quarter. Activest Wealth Management now owns 525 shares of the company’s stock valued at $40,000 after acquiring an additional 509 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd raised its position in Elastic by 206.1% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 551 shares of the company’s stock valued at $42,000 after purchasing an additional 371 shares in the last quarter. 97.03% of the stock is currently owned by institutional investors and hedge funds.

Key Elastic News

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Elastic beat fiscal Q4 estimates, reporting EPS of $0.61 versus $0.56 expected and revenue of $450.7 million versus $446.7 million expected, with revenue up 16% year over year. Article Title
• Positive Sentiment: The company also issued Q1 FY2027 EPS guidance of $0.57 to $0.59, above the Street’s $0.50 estimate, suggesting near-term earnings momentum. Article Title
• Positive Sentiment: Elastic highlighted stronger cash generation, including $152.7 million in operating cash flow and a larger contracted backlog, which may support the long-term growth story. Article Title
• Neutral Sentiment: Several analysts remain constructive, with Rosenblatt reiterating a Buy and JPMorgan still at Overweight, though JPMorgan cut its price target to $80 from $99, reflecting a more cautious near-term stance. Article Title
• Negative Sentiment: Investors appear disappointed by the company’s forward view, which implies mid-teens revenue growth in fiscal 2027 after a strong year, raising concerns that growth could be moderating. Article Title
• Negative Sentiment: The stock also saw pressure as some reports noted the market’s reaction to the earnings release and guidance was negative, with shares falling after the print despite the beat. Article Title

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.