Elastic (NYSE:ESTC) Issues Q1 2027 Earnings Guidance

Elastic (NYSE:ESTC) issued an update on its first quarter 2027 earnings guidance on Thursday morning. The company provided EPS guidance of 0.570-0.590 for the period, compared to the consensus EPS estimate of 0.500. The company issued revenue guidance of $469.0 million-$470.0 million, compared to the consensus revenue estimate of $469.3 million. Elastic also updated its FY 2027 guidance to 3.210-3.290 EPS.

Elastic Trading Up 6.6%

Shares of ESTC stock traded up $3.58 during mid-day trading on Thursday, reaching $57.48. The company’s stock had a trading volume of 6,254,347 shares, compared to its average volume of 2,035,554. The company’s 50 day simple moving average is $50.16 and its 200-day simple moving average is $63.05. Elastic has a 12-month low of $42.05 and a 12-month high of $96.07. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $5.95 billion, a PE ratio of -71.85, a price-to-earnings-growth ratio of 102.95 and a beta of 0.88.

Elastic (NYSE:ESTC) last issued its earnings results on Thursday, May 28th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.05. Elastic had a negative net margin of 5.04% and a negative return on equity of 2.34%. The business had revenue of $450.68 million for the quarter, compared to the consensus estimate of $446.66 million. Elastic has set its FY 2027 guidance at 3.210-3.290 EPS and its Q1 2027 guidance at 0.570-0.590 EPS. On average, research analysts predict that Elastic will post 0.04 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on ESTC. Rosenblatt Securities reaffirmed a “buy” rating and set a $110.00 price target on shares of Elastic in a research note on Tuesday. Royal Bank Of Canada decreased their price target on shares of Elastic from $80.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, April 16th. DA Davidson decreased their price target on shares of Elastic from $80.00 to $65.00 and set a “neutral” rating for the company in a report on Monday, March 2nd. JPMorgan Chase & Co. cut their price objective on shares of Elastic from $99.00 to $80.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Piper Sandler cut their price objective on shares of Elastic from $110.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday, February 27th. Eighteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $86.96.

Insiders Place Their Bets

In other news, CTO Shay Banon sold 4,283 shares of Elastic stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $52.28, for a total value of $223,915.24. Following the transaction, the chief technology officer directly owned 4,354,945 shares of the company’s stock, valued at $227,676,524.60. This trade represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Carolyn Herzog sold 3,989 shares of Elastic stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $52.28, for a total transaction of $208,544.92. Following the completion of the transaction, the insider directly owned 85,335 shares in the company, valued at approximately $4,461,313.80. This trade represents a 4.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 38,188 shares of company stock valued at $1,996,469 over the last 90 days. 12.70% of the stock is owned by corporate insiders.

Elastic News Roundup

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Elastic beat Q4 EPS and revenue expectations, posting $0.61 per share versus $0.56 expected and revenue of $450.7 million versus $446.7 million expected. Elastic Reports Fourth Quarter and Fiscal 2026 Financial Results
• Positive Sentiment: Management’s guidance came in above consensus: fiscal Q1 2027 EPS guidance of $0.57-$0.59 versus $0.50 expected, and FY 2027 EPS guidance of $3.21-$3.29 versus $2.28 expected. Elastic N.V. (ESTC) Stock Falls on Q4 2026 Earnings
• Positive Sentiment: Revenue guidance was essentially in line, while the company highlighted strong cash flow and a larger contracted backlog, which supports the long-term demand story. Elastic shares fall 3.2% as investors digest Q4 results and fiscal 2027 outlook
• Neutral Sentiment: Analysts remained broadly constructive, with recent Buy/Outperform ratings and several price-target updates still implying upside, even though JPMorgan trimmed its target from $99 to $80. Oppenheimer Reiterates Buy Rating on Elastic N.V. (ESTC)
• Negative Sentiment: Some investors may be worried that fiscal 2027 growth is only in the mid-teens, which can look like a slowdown versus expectations and help explain the stock’s weakness around the earnings release. Elastic shares fall 3.2% as investors digest Q4 results and fiscal 2027 outlook

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC grew its position in Elastic by 153.4% in 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 in the last quarter. FIL Ltd lifted its stake in shares of Elastic by 36.9% in the fourth quarter. FIL Ltd now owns 3,628,748 shares of the company’s stock worth $273,753,000 after buying an additional 977,578 shares during the last quarter. Alyeska Investment Group L.P. lifted its stake in shares of Elastic by 490.4% in the third quarter. Alyeska Investment Group L.P. now owns 1,113,503 shares of the company’s stock worth $94,080,000 after buying an additional 924,911 shares during the last quarter. Goldentree Asset Management LP acquired a new position in Elastic during the 4th quarter valued at $49,323,000. Finally, BNP Paribas Financial Markets raised its stake in Elastic by 305.9% during the 2nd quarter. BNP Paribas Financial Markets now owns 832,353 shares of the company’s stock valued at $70,192,000 after purchasing an additional 627,284 shares during the last quarter. 97.03% of the stock is owned by hedge funds and other 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.