Elastic (NYSE:ESTC) CAO Jane Bone Sells 1,187 Shares

Elastic N.V. (NYSE:ESTC) CAO Jane Bone sold 1,187 shares of the firm’s stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $80.31, for a total transaction of $95,327.97. Following the completion of the sale, the chief accounting officer owned 43,171 shares in the company, valued at $3,467,063.01. This represents a 2.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Elastic Price Performance

Shares of NYSE:ESTC traded down $1.97 during trading on Monday, hitting $76.65. 1,127,646 shares of the company were exchanged, compared to its average volume of 1,226,906. Elastic N.V. has a 1-year low of $68.10 and a 1-year high of $118.84. The company has a market capitalization of $8.08 billion, a P/E ratio of -74.42, a price-to-earnings-growth ratio of 311.82 and a beta of 0.92. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.64. The business’s 50 day moving average is $78.91 and its 200-day moving average is $82.49.

Elastic (NYSE:ESTC) last issued its quarterly earnings data on Thursday, November 20th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.06. The business had revenue of $423.48 million for the quarter, compared to analyst estimates of $418.27 million. Elastic had a negative return on equity of 2.02% and a negative net margin of 6.79%.Elastic’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 EPS. Elastic has set its Q3 2026 guidance at 0.630-0.65 EPS. Equities analysts forecast that Elastic N.V. will post -0.77 earnings per share for the current year.

Elastic declared that its board has initiated a stock buyback plan on Thursday, October 9th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Hedge Funds Weigh In On Elastic

Institutional investors have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. bought a new position in shares of Elastic during the 2nd quarter worth approximately $31,000. Huntington National Bank lifted its position in shares of Elastic by 97.5% during the 2nd quarter. Huntington National Bank now owns 468 shares of the company’s stock valued at $39,000 after acquiring an additional 231 shares during the period. Plato Investment Management Ltd bought a new position in Elastic during the second quarter worth $40,000. Promus Capital LLC acquired a new stake in Elastic in the second quarter worth $45,000. Finally, True Wealth Design LLC grew its holdings in Elastic by 391.2% in the third quarter. True Wealth Design LLC now owns 673 shares of the company’s stock worth $57,000 after purchasing an additional 536 shares during the period. 97.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on ESTC shares. Bank of America reduced their target price on shares of Elastic from $111.00 to $90.00 and set a “neutral” rating on the stock in a report on Friday, November 21st. Stifel Nicolaus cut their price target 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. Needham & Company LLC restated a “hold” rating on shares of Elastic in a report on Friday, October 10th. Truist Financial lowered their target price on Elastic from $140.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, November 19th. Finally, Guggenheim reduced 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. Seventeen research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $105.71.

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.