Elastic (NYSE:ESTC) CTO Shay Banon Sells 84,207 Shares

Elastic N.V. (NYSE:ESTC) CTO Shay Banon sold 84,207 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $84.64, for a total transaction of $7,127,280.48. Following the transaction, the chief technology officer owned 3,910,563 shares in the company, valued at $330,990,052.32. The trade was a 2.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

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

• On Thursday, September 10th, Shay Banon sold 6,201 shares of Elastic stock. The shares were sold at an average price of $85.19, for a total transaction of $528,263.19.
• On Wednesday, September 9th, Shay Banon sold 155,586 shares of Elastic stock. The stock was sold at an average price of $86.82, for a total transaction of $13,507,976.52.
• On Friday, September 4th, Shay Banon sold 80,583 shares of Elastic stock. The stock was sold at an average price of $92.65, for a total value of $7,466,014.95.
• On Thursday, September 3rd, Shay Banon sold 23,702 shares of Elastic stock. The stock was sold at an average price of $94.11, for a total value of $2,230,595.22.
• On Thursday, September 3rd, Shay Banon sold 180,000 shares of Elastic stock. The shares were sold at an average price of $94.07, for a total value of $16,932,600.00.
• 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 Monday, August 31st, Shay Banon sold 200,000 shares of Elastic stock. The stock was sold at an average price of $96.47, for a total value of $19,294,000.00.

Elastic Stock Performance

Elastic stock opened at $85.07 on Wednesday. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.44. Elastic N.V. has a 1 year low of $42.05 and a 1 year high of $108.00. The company has a market cap of $8.93 billion, a PE ratio of 23.83, a PEG ratio of 7.15 and a beta of 1.03. The company’s 50-day moving average is $75.83 and its two-hundred day moving average is $61.52.

Elastic (NYSE:ESTC) last issued its quarterly earnings results on Thursday, August 27th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.58 by $0.12. Elastic had a net margin of 20.84% and a negative return on equity of 0.35%. The company had revenue of $478.11 million during the quarter, compared to analysts’ expectations of $469.75 million. During the same quarter in the previous year, the company earned $0.60 EPS. Elastic’s revenue was up 15.2% on a year-over-year basis. 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 0.65 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC bought a new stake in shares of Elastic in the second quarter worth about $211,000. Engineers Gate Manager LP lifted its holdings in shares of Elastic by 43.7% during the 2nd quarter. Engineers Gate Manager LP now owns 129,697 shares of the company’s stock valued at $7,395,000 after purchasing an additional 39,468 shares in the last quarter. Squarepoint Ops LLC grew its position in shares of Elastic by 1,139.5% in the 2nd quarter. Squarepoint Ops LLC now owns 97,798 shares of the company’s stock valued at $5,576,000 after purchasing an additional 89,908 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Elastic in the 2nd quarter valued at approximately $319,000. Finally, Syon Capital LLC bought a new stake in Elastic during the 2nd quarter worth approximately $3,300,000. 97.03% of the stock is currently owned by institutional investors.

Key Elastic News

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Strong cybersecurity validation: Elastic Security achieved the only perfect protection score in AV-Comparatives’ 2026 Endpoint Prevention and Response Test. The product received Certified Leader status, with 100% active and passive response scores and the lowest modeled operational footprint among tested products. This could support Elastic’s competitive position in the growing cybersecurity market. Elastic Security AV-Comparatives test results
• Positive Sentiment: Higher earnings expectations: Scotiabank raised its FY2027 EPS estimate for Elastic to $0.70 from $0.21, above the current consensus estimate of $0.64. The bank maintained a Sector Perform rating and an $84 price target. Elastic analyst estimate report
• Positive Sentiment: Upside implied by analyst targets: A Zacks report cites approximately 29.6% potential upside based on the average Wall Street price target, while another report indicates the consensus target increased 32.39% to $110.86. Positive earnings-estimate revisions are providing additional support. Zacks Elastic price target analysis
• Neutral Sentiment: Elastic’s shares remain well above their 200-day moving average, reflecting strong longer-term momentum, but the stock’s elevated valuation means investors may require continued earnings and revenue growth to justify further gains.
• Negative Sentiment: CTO selling shares: Chief Technology Officer Shay Banon sold 84,207 shares for approximately $7.1 million, reducing his position by 2.11%. He still directly owns about 3.91 million shares, so the transaction is a modest reduction but adds to recent reports of insider sales totaling millions of dollars. Elastic CTO SEC Form 4 filing

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Wall Street Zen lowered Elastic from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Cantor Fitzgerald increased their target price on Elastic from $91.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, August 28th. DA Davidson raised their target price on Elastic from $60.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, August 26th. JPMorgan Chase & Co. boosted their target price on Elastic from $93.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, August 28th. Finally, UBS Group increased their price target on shares of Elastic from $85.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and thirteen have assigned a Hold rating to the company. According to MarketBeat.com, Elastic presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.52.

Elastic Company Profile

Elastic N.V. develops search, observability and security software for organizations that need to find, analyze and act on data. Its core technology, Elasticsearch, is a distributed search and analytics engine that can process structured and unstructured information from applications, websites, logs and other sources.

The company offers its platform through Elastic Cloud, a managed cloud service available across major public-cloud environments, as well as through self-managed deployments.