Elastic (NYSE:ESTC) CTO Shay Banon Sells 200,000 Shares

Elastic N.V. (NYSE:ESTC) CTO Shay Banon sold 200,000 shares of the company’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $96.47, for a total transaction of $19,294,000.00. Following the completion of the sale, the chief technology officer owned 1,854,978 shares in the company, valued at $178,949,727.66. This represents a 9.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shay Banon also recently made the following trade(s):

• On Wednesday, September 2nd, Shay Banon sold 165,171 shares of Elastic stock. The shares were sold at an average price of $90.26, for a total value of $14,908,334.46.
• On Tuesday, September 1st, Shay Banon sold 111,127 shares of Elastic stock. The stock was sold at an average price of $92.60, for a total value of $10,290,360.20.
• On Tuesday, June 9th, Shay Banon sold 9,288 shares of Elastic stock. The stock was sold at an average price of $60.61, for a total value of $562,945.68.

Elastic Stock Performance

Shares of Elastic stock opened at $89.43 on Thursday. Elastic N.V. has a 52 week low of $42.05 and a 52 week high of $108.00. The company has a quick ratio of 1.68, a current ratio of 1.81 and a debt-to-equity ratio of 0.44. The business has a 50 day moving average price of $70.31 and a 200-day moving average price of $59.69. The company has a market cap of $9.39 billion, a PE ratio of 25.05, a price-to-earnings-growth ratio of 8.95 and a beta of 1.03.

Elastic (NYSE:ESTC) last announced its earnings results on Thursday, August 27th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.12. The company had revenue of $478.11 million for the quarter, compared to analysts’ expectations of $469.75 million. Elastic had a negative return on equity of 0.35% and a net margin of 20.84%.Elastic’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the previous 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. Equities analysts anticipate that Elastic N.V. will post 0.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on ESTC shares. Wedbush cut their price target on shares of Elastic from $74.00 to $65.00 and set an “outperform” rating on the stock in a report on Friday, May 29th. William Blair started coverage on shares of Elastic in a research report on Friday, May 22nd. They set an “outperform” rating on the stock. Barclays upped their target price on Elastic from $68.00 to $94.00 and gave the company an “overweight” rating in a report on Monday, August 24th. Cantor Fitzgerald increased their price target on Elastic from $91.00 to $100.00 and gave the company a “neutral” rating in a research report on Friday, August 28th. Finally, Guggenheim lifted their price target on Elastic from $106.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, Elastic presently has an average rating of “Moderate Buy” and an average target price of $94.12.

Institutional Investors Weigh In On Elastic

Several large investors have recently added to or reduced their stakes in ESTC. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Elastic during the second quarter valued at about $319,000. California State Teachers Retirement System increased its stake in shares of Elastic by 5,082.4% in the second quarter. California State Teachers Retirement System now owns 5,419,694 shares of the company’s stock worth $309,031,000 after purchasing an additional 5,315,115 shares in the last quarter. Syon Capital LLC bought a new stake in shares of Elastic in the second quarter valued at approximately $3,300,000. denkapparat Operations GmbH purchased a new stake in shares of Elastic during the 2nd quarter valued at approximately $322,000. Finally, Wellington Management Group LLP bought a new position in Elastic in the 2nd quarter worth approximately $41,889,000. Hedge funds and other institutional investors own 97.03% of the company’s stock.

Trending Headlines about Elastic

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Elastic’s earnings outlook is benefiting from upward estimate revisions, which could support the stock if analysts continue to raise forecasts. Can Elastic Run Higher on Rising Earnings Estimates?
• Positive Sentiment: RBC Capital initiated or reiterated a Buy rating, adding favorable sell-side support. Elastic Receives a Buy from RBC Capital
• Neutral Sentiment: Elastic delivered an earnings beat, highlighted growing enterprise adoption of its AI-powered search and cloud platform, and raised or maintained guidance pointing to continued fiscal 2027 growth. Still, DA Davidson remained Neutral, arguing that one strong quarter is not sufficient confirmation of the longer-term growth trajectory. Elastic Beat and Raised Guidance
• Negative Sentiment: CTO Shay Banon sold 476,298 shares across August 31 through September 2 for approximately $44.5 million, reducing his holdings by roughly 22% across the reported transactions. Additional sales by Chief Accounting Officer Jane Bone and insider Carolyn Herzog totaled about $1.3 million. The concentration of selling by senior insiders may reinforce profit-taking concerns, although the executives retain sizable positions. Elastic Insider Sale Filings
• Negative Sentiment: A separate analysis downgraded Elastic, reflecting concern that expectations and valuation may have moved ahead of fundamentals after the earnings-driven rally. Elastic Adjusting My Position After This Sprint

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.