Elastic (NYSE:ESTC) Releases FY 2026 Earnings Guidance

Elastic (NYSE:ESTC) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 2.500-2.540 for the period, compared to the consensus earnings per share estimate of 1.470. The company issued revenue guidance of $1.7 billion-$1.7 billion, compared to the consensus revenue estimate of $1.7 billion. Elastic also updated its Q4 2026 guidance to 0.550-0.570 EPS.

Elastic Price Performance

Elastic stock traded up $3.56 during mid-day trading on Thursday, hitting $61.56. 4,042,877 shares of the company were exchanged, compared to its average volume of 1,929,495. 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 company has a market capitalization of $6.49 billion, a PE ratio of -59.77, a price-to-earnings-growth ratio of 229.35 and a beta of 0.93. Elastic has a 1-year low of $52.73 and a 1-year high of $117.49. The business has a fifty day moving average of $69.20 and a 200 day moving average of $78.08.

Elastic (NYSE:ESTC) last announced its earnings results on Thursday, February 26th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.64 by ($0.67). Elastic had a negative return on equity of 2.02% and a negative net margin of 6.79%.Elastic has set its FY 2026 guidance at 2.500-2.540 EPS and its Q4 2026 guidance at 0.550-0.570 EPS. As a group, sell-side analysts expect that Elastic will post -0.77 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ESTC. DA Davidson cut their price objective on Elastic from $100.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday, November 21st. Bank of America lowered their target price on Elastic from $111.00 to $90.00 and set a “neutral” rating on the stock in a research report on Friday, November 21st. UBS Group cut their price target on shares of Elastic from $125.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, November 21st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Elastic in a research report on Wednesday, January 21st. Finally, TD Cowen reiterated a “hold” rating on shares of Elastic in a research note on Monday. Seventeen investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Elastic currently has a consensus rating of “Moderate Buy” and an average price target of $102.17.

Insider Buying and Selling

In related news, CTO Shay Banon sold 4,552 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $75.05, for a total value of $341,627.60. Following the sale, the chief technology officer directly owned 4,359,228 shares in the company, valued at $327,160,061.40. This represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Ken Exner sold 6,544 shares of Elastic stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $75.05, for a total transaction of $491,127.20. Following the completion of the sale, the insider owned 227,038 shares of the company’s stock, valued at $17,039,201.90. This represents a 2.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 61,828 shares of company stock valued at $4,641,010 over the last quarter. 12.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. purchased a new stake in Elastic during the 2nd quarter valued at $31,000. Aster Capital Management DIFC Ltd raised its holdings in Elastic by 206.1% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 551 shares of the company’s stock worth $42,000 after purchasing an additional 371 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in Elastic during the 4th quarter valued at about $49,000. Quarry LP boosted its position in shares of Elastic by 16,200.0% in the 4th quarter. Quarry LP now owns 652 shares of the company’s stock worth $49,000 after purchasing an additional 648 shares in the last quarter. Finally, Empowered Funds LLC bought a new stake in Elastic in the fourth quarter worth $62,000. Hedge funds and other institutional investors own 97.03% of the company’s stock.

Elastic Company Profile

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.