Elastic (NYSE:ESTC) CFO Navam Welihinda Sells 8,961 Shares of Stock

Elastic N.V. (NYSE:ESTC) CFO Navam Welihinda sold 8,961 shares of the company’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $87.78, for a total value of $786,596.58. Following the completion of the sale, the chief financial officer owned 200,293 shares in the company, valued at $17,581,719.54. The trade was a 4.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Elastic Stock Down 3.6%

Elastic stock opened at $83.45 on Friday. The business’s 50-day moving average price is $74.28 and its 200 day moving average price is $60.91. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.44. The firm has a market cap of $8.76 billion, a price-to-earnings ratio of 23.38, a price-to-earnings-growth ratio of 8.39 and a beta of 1.03. Elastic N.V. has a 52 week low of $42.05 and a 52 week high of $108.00.

Elastic (NYSE:ESTC) last released its quarterly earnings data on Thursday, August 27th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.58 by $0.12. The business had revenue of $478.11 million for the quarter, compared to analyst estimates of $469.75 million. Elastic had a negative return on equity of 0.35% and a net margin of 20.84%.The business’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.60 EPS. Elastic has set its FY 2027 guidance at 3.290-3.370 EPS and its Q2 2027 guidance at 0.800-0.820 EPS. As a group, sell-side analysts anticipate that Elastic N.V. will post 0.56 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently commented on ESTC. William Blair began coverage on shares of Elastic in a research report on Friday, May 22nd. They set an “outperform” rating on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Elastic in a research report on Friday, August 28th. Barclays increased their target price on shares of Elastic from $68.00 to $94.00 and gave the stock an “overweight” rating in a research note on Monday, August 24th. TD Cowen raised their target price on Elastic from $55.00 to $70.00 and gave the company a “hold” rating in a research report on Tuesday, August 25th. Finally, Stifel Nicolaus raised their target price on Elastic from $90.00 to $107.00 and gave the company a “buy” rating in a research report on Friday, August 28th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.12.

Elastic News Summary

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Short interest fell 39% to 3.87 million shares as of August 31, equal to about 4.2% of outstanding shares and only 1.1 days of average trading volume. The decline suggests reduced bearish positioning and could provide technical support for Elastic stock.
• Positive Sentiment: Elastic’s latest quarterly results exceeded expectations, with earnings of $0.70 per share versus the $0.58 consensus and revenue of $478.1 million versus estimates of $469.8 million. Revenue increased 15.2% year over year, while management issued fiscal 2027 EPS guidance of $3.29 to $3.37.
• Positive Sentiment: Wall Street remains broadly constructive, with a consensus “Moderate Buy” rating and an average price target of $94.12. Oppenheimer recently raised its target to $118 and maintained an “outperform” rating, reflecting optimism about Elastic’s AI-search and enterprise software opportunities. Elastic’s 2026 Outlook: AI Search Integration Fuels Enterprise Customer Retention
• Neutral Sentiment: Institutional ownership remains high at approximately 97%. Several funds increased their positions during the second quarter, including California State Teachers’ Retirement System and Squarepoint Ops, indicating continued institutional interest, although these holdings may reflect earlier investment decisions.
• Negative Sentiment: Multiple executives sold shares after Elastic’s recent rally. CEO Ashutosh Kulkarni, CFO Navam Welihinda, CRO Mark Dodds, CAO Jane Bone and insider Carolyn Herzog collectively sold 54,888 shares for about $4.8 million on September 9. The transactions were made to cover tax withholding tied to vested equity awards, which makes them less bearish than discretionary sales but can still weigh on sentiment.
• Negative Sentiment: CTO Shay Banon has conducted a much larger series of sales, including 80,583 shares for approximately $7.5 million on September 4 and additional sales totaling hundreds of thousands of shares in late August and early September. Although he retained more than 4.1 million shares, the repeated selling may raise concerns about insider conviction following the stock’s strong advance. Elastic CTO Shay Banon Sells 80,583 Shares of Stock

Institutional Investors Weigh In On Elastic

A number of institutional investors have recently added to or reduced their stakes in the stock. Bessemer Group Inc. purchased a new stake in Elastic in the 1st quarter worth $25,000. Basecamp Wealth Advisors LLC acquired a new position in Elastic during the first quarter worth $28,000. Geneos Wealth Management Inc. purchased a new position in Elastic during the second quarter valued at $31,000. Harbor Investment Advisory LLC purchased a new position in Elastic during the second quarter valued at $42,000. Finally, Aster Capital Management DIFC Ltd grew its position in shares of Elastic by 206.1% in 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 during the period. Institutional investors and hedge funds own 97.03% of the company’s stock.

About Elastic

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.