Elastic (NYSE:ESTC) Issues FY 2027 Earnings Guidance

Elastic (NYSE:ESTC) issued an update on its FY 2027 earnings guidance on Thursday. The company provided earnings per share guidance of 3.290-3.370 for the period, compared to the consensus earnings per share estimate of 2.640. The company issued revenue guidance of $2.0 billion-$2.0 billion, compared to the consensus revenue estimate of $2.0 billion. Elastic also updated its Q2 2027 guidance to 0.800-0.820 EPS.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Rosenblatt Securities reiterated a “buy” rating and set a $83.00 price objective on shares of Elastic in a research note on Wednesday. Weiss Ratings upgraded Elastic from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, July 15th. Truist Financial increased their target price on Elastic from $80.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, August 20th. Cantor Fitzgerald set a $100.00 price target on shares of Elastic in a report on Friday. Finally, Wall Street Zen cut Elastic from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Fifteen equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat, Elastic has an average rating of “Moderate Buy” and an average target price of $94.12.

Elastic Trading Up 19.1%

Shares of Elastic stock opened at $99.75 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.68 and a quick ratio of 1.68. The stock’s 50 day simple moving average is $68.25 and its 200-day simple moving average is $59.05. The stock has a market cap of $10.37 billion, a P/E ratio of 27.94, a P/E/G ratio of 20.89 and a beta of 0.98. Elastic has a 1-year low of $42.05 and a 1-year high of $108.00.

Elastic (NYSE:ESTC) last released its quarterly earnings data on Thursday, August 27th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.12. The company 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 0.38% and a net margin of 20.84%.The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 earnings per share. Elastic has set its FY 2027 guidance at 3.290-3.370 EPS and its Q2 2027 guidance at 0.800-0.820 EPS. Analysts predict that Elastic will post 0.24 EPS for the current fiscal year.

Insider Transactions at Elastic

In other Elastic news, CTO Shay Banon sold 9,288 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $60.61, for a total value of $562,945.68. Following the transaction, the chief technology officer directly owned 4,417,140 shares in the company, valued at $267,722,855.40. The trade was a 0.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Jane E. Bone sold 1,104 shares of the stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $60.61, for a total transaction of $66,913.44. Following the completion of the sale, the chief accounting officer directly owned 53,415 shares of the company’s stock, valued at approximately $3,237,483.15. This trade represents a 2.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 110,099 shares of company stock valued at $6,673,100 in the last three months. 12.70% of the stock is currently owned by corporate insiders.

Trending Headlines about Elastic

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Quarterly beat and raised outlook: Elastic reported adjusted EPS of $0.70 versus the consensus estimate of $0.58, while revenue reached approximately $478.1 million, up about 15% year over year and ahead of most estimates. Management guided fiscal Q2 EPS to $0.80-$0.82, compared with the $0.66 consensus, and raised fiscal 2027 EPS guidance to $3.29-$3.37 versus an expected $2.64. Elastic Tops Q1 Earnings and Revenue Estimates
• Positive Sentiment: AI and enterprise demand are supporting growth: Coverage highlights increasing AI adoption, expansion among large enterprise customers and new product investments as drivers of Elastic’s accelerating revenue outlook. The results also showed solid cash generation, with operating cash flow of roughly $132 million. Another Day, Another Software Stock Surging 20%
• Positive Sentiment: Analyst targets moved higher: Oppenheimer, Jefferies, JPMorgan, Canaccord Genuity and Robert W. Baird all raised their price targets following the earnings report. Several firms now carry targets of $118-$120, with ratings ranging from “buy” to “outperform,” reinforcing the bullish reaction. Jefferies Raises Elastic Price Target
• Neutral Sentiment: Elastic announced that proxy materials for its October 15, 2026 annual shareholder meeting are available online. The filing is routine and is unlikely to materially affect the stock. Elastic Announces Proxy Materials Availability
• Negative Sentiment: Some valuation caution remains: Morgan Stanley maintained an “equal weight” rating with a $75 target, below the current trading level. Reported insider activity also shows sales without purchases in recent months, although these transactions may reflect routine diversification.

Hedge Funds Weigh In On Elastic

Large investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. acquired a new stake in Elastic in the 2nd quarter valued at about $31,000. Aster Capital Management DIFC Ltd raised its holdings in Elastic by 206.1% during 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 acquired a new stake in shares of Elastic in 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 valued at $49,000 after purchasing an additional 648 shares during the period. Finally, Empowered Funds LLC purchased a new position in Elastic during the 4th quarter worth approximately $62,000. 97.03% of the stock is currently owned by institutional investors and hedge funds.

About Elastic

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.