Elastic (NYSE:ESTC) Issues Earnings Results

Elastic (NYSE:ESTC) released its quarterly earnings results on Thursday. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.47 by ($0.48), Zacks reports. The business had revenue of $382.08 million during the quarter, compared to analyst estimates of $368.85 million. Elastic had a negative return on equity of 13.20% and a net margin of 4.39%. Elastic updated its FY 2025 guidance to 1.910-1.960 EPS and its Q4 2025 guidance to 0.360-0.370 EPS.

Elastic Price Performance

Shares of NYSE:ESTC traded up $13.43 during midday trading on Friday, hitting $114.71. 2,157,027 shares of the stock were exchanged, compared to its average volume of 1,285,193. Elastic has a twelve month low of $69.00 and a twelve month high of $136.06. The stock has a market cap of $11.89 billion, a P/E ratio of 208.57 and a beta of 1.07. The company has a 50 day moving average price of $105.85 and a 200-day moving average price of $95.51. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.70.

Insiders Place Their Bets

In other Elastic news, CEO Ashutosh Kulkarni sold 7,017 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $108.12, for a total transaction of $758,678.04. Following the completion of the transaction, the chief executive officer now owns 395,326 shares in the company, valued at approximately $42,742,647.12. The trade was a 1.74 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 15.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ESTC shares. Oppenheimer increased their target price on shares of Elastic from $125.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. Morgan Stanley started coverage on shares of Elastic in a research report on Tuesday, December 17th. They issued an “overweight” rating and a $130.00 price target on the stock. Jefferies Financial Group boosted their price objective on Elastic from $110.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Truist Financial boosted their target price on shares of Elastic from $105.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Finally, Wedbush lowered Elastic from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Seven research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Elastic presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.13.

Elastic Company Profile

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.