Insider Selling: Elastic (NYSE:ESTC) Insider Sells $936,700.00 in Stock

Elastic N.V. (NYSE:ESTC) insider Carolyn Herzog sold 10,000 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $93.67, for a total transaction of $936,700.00. Following the sale, the insider directly owned 118,439 shares in the company, valued at approximately $11,094,181.13. The trade was a 7.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Carolyn Herzog also recently made the following trade(s):

• On Tuesday, June 9th, Carolyn Herzog sold 9,485 shares of Elastic stock. The stock was sold at an average price of $60.61, for a total transaction of $574,885.85.

Elastic Stock Performance

Elastic stock opened at $91.74 on Friday. The company’s 50-day moving average price is $71.88 and its 200-day moving average price is $60.16. Elastic N.V. has a twelve month low of $42.05 and a twelve month high of $108.00. The company has a quick ratio of 1.68, a current ratio of 1.81 and a debt-to-equity ratio of 0.44. The company has a market cap of $9.63 billion, a PE ratio of 25.70, a price-to-earnings-growth ratio of 9.31 and a beta of 1.03.

Elastic (NYSE:ESTC) last announced its earnings results on Thursday, August 27th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.12. The firm had revenue of $478.11 million for the quarter, compared to analysts’ expectations of $469.75 million. Elastic had a net margin of 20.84% and a negative return on equity of 0.35%. The business’s revenue was up 15.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.60 EPS. Elastic has set its FY 2027 guidance at 3.290-3.370 EPS and its Q2 2027 guidance at 0.800-0.820 EPS. On average, equities research analysts forecast that Elastic N.V. will post 0.56 EPS for the current fiscal year.

Institutional Trading of Elastic

Large investors have recently made changes to their positions in the stock. California State Teachers Retirement System lifted its holdings in Elastic by 5,082.4% during the 2nd quarter. California State Teachers Retirement System now owns 5,419,694 shares of the company’s stock valued at $309,031,000 after buying an additional 5,315,115 shares in the last quarter. AQR Capital Management LLC boosted its position in Elastic by 153.4% in the 4th quarter. AQR Capital Management LLC now owns 7,545,081 shares of the company’s stock valued at $569,201,000 after buying an additional 4,567,720 shares during the period. First Trust Advisors LP grew its stake in Elastic by 516.1% in the 1st quarter. First Trust Advisors LP now owns 2,627,636 shares of the company’s stock worth $131,356,000 after acquiring an additional 2,201,140 shares in the last quarter. Pictet Asset Management Holding SA grew its stake in Elastic by 43.2% in the 1st 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 in the last quarter. Finally, FIL Ltd increased its position in shares of Elastic by 36.9% during the fourth quarter. FIL Ltd now owns 3,628,748 shares of the company’s stock worth $273,753,000 after acquiring an additional 977,578 shares during the period. 97.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ESTC has been the topic of several recent research reports. Bank of America increased their price target on Elastic from $90.00 to $108.00 and gave the company a “neutral” rating in a report on Friday, August 28th. Stifel Nicolaus boosted their price objective on shares of Elastic from $90.00 to $107.00 and gave the company a “buy” rating in a research report on Friday, August 28th. UBS Group increased their target price on shares of Elastic from $85.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, August 28th. Wall Street Zen lowered shares of Elastic from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Finally, Morgan Stanley upped their price target on shares of Elastic from $66.00 to $75.00 and gave the company an “equal weight” rating in a report on Friday, August 28th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and thirteen have issued a Hold rating to the stock. According to MarketBeat, Elastic has a consensus rating of “Moderate Buy” and an average target price of $94.12.

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.