Elastic N.V. (NYSE:ESTC) Given Average Rating of “Moderate Buy” by Brokerages

Elastic N.V. (NYSE:ESTC) has received a consensus rating of “Moderate Buy” from the thirty-one brokerages that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, thirteen have given a hold recommendation and seventeen have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $90.7692.

ESTC has been the topic of a number of recent analyst reports. Morgan Stanley cut their price objective on Elastic from $80.00 to $73.00 and set an “overweight” rating on the stock in a research note on Monday, March 2nd. Barclays lowered their price target on Elastic from $78.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. TD Cowen reissued a “hold” rating on shares of Elastic in a research report on Monday, February 23rd. JPMorgan Chase & Co. reduced their price objective on shares of Elastic from $113.00 to $98.00 and set an “overweight” rating for the company in a research note on Friday, February 20th. Finally, Guggenheim reaffirmed a “buy” rating and set a $116.00 price objective on shares of Elastic in a report on Wednesday, February 18th.

Elastic Price Performance

Shares of NYSE:ESTC opened at $50.53 on Monday. The stock has a fifty day moving average of $49.89 and a 200-day moving average of $65.12. The company has a market capitalization of $5.23 billion, a PE ratio of -63.16, a price-to-earnings-growth ratio of 62.80 and a beta of 0.88. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.82 and a current ratio of 1.82. Elastic has a one year low of $42.05 and a one year high of $96.07.

Elastic (NYSE:ESTC) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.09. Elastic had a negative net margin of 5.04% and a negative return on equity of 2.34%. The firm had revenue of $449.88 million for the quarter, compared to the consensus estimate of $438.37 million. During the same period in the previous year, the firm posted $0.63 earnings per share. The firm’s revenue was up 17.7% on a year-over-year basis. 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, equities analysts anticipate that Elastic will post 0.04 EPS for the current fiscal year.

Insider Activity

In other Elastic news, CRO Mark Eugene Dodds sold 3,723 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $52.28, for a total transaction of $194,638.44. Following the completion of the sale, the executive directly owned 152,563 shares in the company, valued at $7,975,993.64. This represents a 2.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ken Exner sold 4,310 shares of the firm’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $52.28, for a total value of $225,326.80. Following the completion of the sale, the insider directly owned 222,728 shares in the company, valued at approximately $11,644,219.84. This represents a 1.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 38,188 shares of company stock worth $1,996,469. Insiders own 12.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of Elastic by 7.4% in the third quarter. Vanguard Group Inc. now owns 10,206,204 shares of the company’s stock valued at $862,322,000 after acquiring an additional 705,991 shares during the period. AQR Capital Management LLC increased its position in Elastic by 153.4% during the fourth quarter. AQR Capital Management LLC now owns 7,545,081 shares of the company’s stock worth $569,201,000 after acquiring an additional 4,567,720 shares during the period. Pictet Asset Management Holding SA increased its position in Elastic by 43.2% during the first quarter. Pictet Asset Management Holding SA now owns 6,492,717 shares of the company’s stock worth $324,550,000 after acquiring an additional 1,958,219 shares during the period. FIL Ltd raised its stake in Elastic by 36.9% during the 4th quarter. FIL Ltd now owns 3,628,748 shares of the company’s stock valued at $273,753,000 after purchasing an additional 977,578 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in Elastic by 516.1% in the 1st quarter. First Trust Advisors LP now owns 2,627,636 shares of the company’s stock valued at $131,356,000 after purchasing an additional 2,201,140 shares during the period. 97.03% of the stock is owned by institutional investors.

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.