Elastic N.V. (NYSE:ESTC) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Elastic N.V. (NYSE:ESTC) have earned a consensus recommendation of “Moderate Buy” from the twenty-nine analysts that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and seventeen have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $107.25.

A number of brokerages have recently commented on ESTC. Canaccord Genuity Group lowered their price objective on Elastic from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Friday, November 21st. Wells Fargo & Company lowered their price target on Elastic from $90.00 to $75.00 and set an “equal weight” rating for the company in a report on Friday, November 21st. Oppenheimer reaffirmed an “outperform” rating on shares of Elastic in a research note on Friday, August 29th. Barclays decreased their target price on shares of Elastic from $125.00 to $107.00 and set an “overweight” rating on the stock in a research report on Friday, November 21st. Finally, Zacks Research lowered shares of Elastic from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 26th.

Elastic Price Performance

Elastic stock opened at $76.18 on Friday. The stock has a market capitalization of $8.03 billion, a P/E ratio of -73.96 and a beta of 0.97. Elastic has a 12-month low of $68.10 and a 12-month high of $118.84. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.97 and a quick ratio of 1.97. The firm’s 50-day moving average is $81.79 and its two-hundred day moving average is $83.27.

Elastic (NYSE:ESTC) last announced its quarterly earnings data 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. The business had revenue of $423.48 million for the quarter, compared to the consensus estimate of $418.27 million. Elastic had a negative net margin of 6.79% and a negative return on equity of 2.02%. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.59 earnings per share. Elastic has set its Q3 2026 guidance at 0.630-0.65 EPS. Equities analysts predict that Elastic will post -0.77 earnings per share for the current year.

Elastic announced that its board has approved a share repurchase program on Thursday, October 9th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Insider Transactions at Elastic

In other news, CRO Mark Eugene Dodds sold 5,800 shares of Elastic 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 directly owned 161,484 shares of the company’s stock, valued at $12,046,706.40. The trade was a 3.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Ashutosh Kulkarni sold 20,413 shares of the stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $75.05, for a total transaction of $1,531,995.65. Following the sale, the chief executive officer directly owned 431,901 shares of the company’s stock, valued at approximately $32,414,170.05. This trade represents a 4.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 63,147 shares of company stock valued at $4,760,940 in the last ninety days. Company insiders own 12.70% of the company’s stock.

Hedge Funds Weigh In On Elastic

Hedge funds have recently made changes to their positions in the business. Cetera Investment Advisers increased its holdings in Elastic by 10.1% in the 1st quarter. Cetera Investment Advisers now owns 7,929 shares of the company’s stock valued at $706,000 after purchasing an additional 726 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Elastic by 24.8% in the first quarter. PNC Financial Services Group Inc. now owns 3,884 shares of the company’s stock worth $346,000 after buying an additional 773 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Elastic by 5.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 594,406 shares of the company’s stock valued at $52,962,000 after buying an additional 31,321 shares in the last quarter. Deutsche Bank AG grew its stake in shares of Elastic by 3.3% in the first quarter. Deutsche Bank AG now owns 13,843 shares of the company’s stock valued at $1,233,000 after buying an additional 440 shares in the last quarter. Finally, Covestor Ltd raised its holdings in shares of Elastic by 626.4% during the 1st quarter. Covestor Ltd now owns 770 shares of the company’s stock valued at $69,000 after buying an additional 664 shares during the period. Hedge funds and other institutional investors own 97.03% of the company’s stock.

About Elastic

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.