Carolyn Herzog Sells 9,485 Shares of Elastic (NYSE:ESTC) Stock

Elastic N.V. (NYSE:ESTC) insider Carolyn Herzog sold 9,485 shares of Elastic stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $60.61, for a total value of $574,885.85. Following the transaction, the insider owned 128,439 shares in the company, valued at approximately $7,784,687.79. This represents a 6.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Elastic Stock Performance

ESTC stock opened at $60.25 on Friday. The business’s 50-day moving average price is $52.59 and its two-hundred day moving average price is $61.10. The company has a current ratio of 1.68, a quick ratio of 1.82 and a debt-to-equity ratio of 0.45. The firm has a market cap of $6.26 billion, a PE ratio of 17.22, a P/E/G ratio of 20.10 and a beta of 1.00. Elastic N.V. has a 1-year low of $42.05 and a 1-year high of $96.07.

Elastic (NYSE:ESTC) last posted its earnings results on Thursday, May 28th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.05. The firm had revenue of $450.68 million for the quarter, compared to analyst estimates of $446.66 million. Elastic had a negative return on equity of 1.82% and a net margin of 21.14%.The company’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.47 earnings per share. Elastic has set its FY 2027 guidance at 3.210-3.290 EPS and its Q1 2027 guidance at 0.570-0.590 EPS. As a group, research analysts forecast that Elastic N.V. will post 0.18 earnings per share for the current year.

Key Stories Impacting Elastic

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Elastic’s presentation at Rosenblatt’s 6th Annual Age of AI Technology Summit kept its AI-related growth narrative in focus, which may help support sentiment around the company’s product momentum and long-term opportunity. Elastic N.V. Presents at Rosenblatt 6th Annual Age of AI Technology Summit Transcript
• Neutral Sentiment: Elastic reported a strong latest quarter, beating EPS and revenue expectations and raising forward guidance, which continues to provide a fundamental backdrop for the stock.
• Neutral Sentiment: Institutional ownership remains high, suggesting continued support from large investors despite recent volatility.
• Negative Sentiment: Multiple top insiders, including CEO Ashutosh Kulkarni, CFO Navam Welihinda, CTO Shay Banon, CRO Mark Eugene Dodds, CAO Jane Bone, and other executives, sold shares on June 9. The company says these were tied to tax withholding on equity vesting, but the size and breadth of the sales can still weigh on investor sentiment. Elastic Insider Buying and Selling Alert
• Negative Sentiment: Elastic also disclosed a new risk around regulatory hurdles and budget pressures in government contracting, which could make public-sector revenue less predictable if procurement slows or spending tightens. Government Contract Risks Cloud Elastic Revenue Outlook

Wall Street Analyst Weigh In

Several analysts have issued reports on ESTC shares. Rosenblatt Securities reissued a “buy” rating and issued a $110.00 price target on shares of Elastic in a research note on Tuesday, May 26th. Oppenheimer dropped their price target on Elastic from $85.00 to $75.00 and set an “outperform” rating on the stock in a research note on Friday, May 29th. Rothschild & Co Redburn started coverage on Elastic in a research note on Thursday, April 23rd. They issued a “neutral” rating and a $49.00 price target on the stock. Wolfe Research set a $55.00 price target on Elastic in a research note on Friday, May 29th. Finally, Weiss Ratings raised Elastic from a “sell (e+)” rating to a “sell (d+)” rating in a research note on Tuesday. Eighteen analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $80.04.

Institutional Trading of Elastic

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sound Income Strategies LLC acquired a new stake in shares of Elastic in the fourth quarter valued at about $25,000. Geneos Wealth Management Inc. acquired a new stake in shares of Elastic in the second quarter valued at about $31,000. Bessemer Group Inc. acquired a new stake in shares of Elastic in the first quarter valued at about $25,000. Activest Wealth Management increased its position in shares of Elastic by 3,181.3% in the fourth quarter. Activest Wealth Management now owns 525 shares of the company’s stock valued at $40,000 after acquiring an additional 509 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd increased its position in shares of Elastic by 206.1% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 551 shares of the company’s stock valued at $42,000 after acquiring an additional 371 shares during the last quarter. Institutional investors and hedge funds 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.