Elastic (NYSE:ESTC) CAO Jane Bone Sells 4,176 Shares

Elastic N.V. (NYSE:ESTC) CAO Jane Bone sold 4,176 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $93.48, for a total transaction of $390,372.48. Following the completion of the sale, the chief accounting officer owned 49,239 shares in the company, valued at $4,602,861.72. This represents a 7.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Elastic Stock Performance

NYSE ESTC opened at $89.43 on Thursday. The firm’s fifty day moving average price is $70.31 and its two-hundred day moving average price is $59.69. The stock has a market cap of $9.39 billion, a PE ratio of 25.05, a PEG ratio of 8.95 and a beta of 1.03. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.68 and a current ratio of 1.81. Elastic N.V. has a fifty-two week low of $42.05 and a fifty-two week high of $108.00.

Elastic (NYSE:ESTC) last announced its quarterly earnings results on Thursday, August 27th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.12. Elastic had a negative return on equity of 0.35% and a net margin of 20.84%.The company had revenue of $478.11 million during the quarter, compared to analysts’ expectations of $469.75 million. During the same period in the prior year, the company earned $0.60 EPS. Elastic’s revenue was up 15.2% compared to the same quarter last year. 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 analysts expect that Elastic N.V. will post 0.56 EPS for the current fiscal year.

More Elastic News

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Elastic’s earnings outlook is benefiting from upward estimate revisions, which could support the stock if analysts continue to raise forecasts. Can Elastic Run Higher on Rising Earnings Estimates?
• Positive Sentiment: RBC Capital initiated or reiterated a Buy rating, adding favorable sell-side support. Elastic Receives a Buy from RBC Capital
• Neutral Sentiment: Elastic delivered an earnings beat, highlighted growing enterprise adoption of its AI-powered search and cloud platform, and raised or maintained guidance pointing to continued fiscal 2027 growth. Still, DA Davidson remained Neutral, arguing that one strong quarter is not sufficient confirmation of the longer-term growth trajectory. Elastic Beat and Raised Guidance
• Negative Sentiment: CTO Shay Banon sold 476,298 shares across August 31 through September 2 for approximately $44.5 million, reducing his holdings by roughly 22% across the reported transactions. Additional sales by Chief Accounting Officer Jane Bone and insider Carolyn Herzog totaled about $1.3 million. The concentration of selling by senior insiders may reinforce profit-taking concerns, although the executives retain sizable positions. Elastic Insider Sale Filings
• Negative Sentiment: A separate analysis downgraded Elastic, reflecting concern that expectations and valuation may have moved ahead of fundamentals after the earnings-driven rally. Elastic Adjusting My Position After This Sprint

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Stifel Nicolaus lifted their price target on Elastic from $90.00 to $107.00 and gave the company a “buy” rating in a research note on Friday, August 28th. Wedbush lowered their price objective on Elastic from $74.00 to $65.00 and set an “outperform” rating for the company in a research note on Friday, May 29th. Guggenheim raised their price objective on shares of Elastic from $106.00 to $120.00 and gave the company a “buy” rating in a report on Friday, August 28th. Bank of America lifted their target price on shares of Elastic from $90.00 to $108.00 and gave the stock a “neutral” rating in a research report on Friday, August 28th. Finally, Cantor Fitzgerald boosted their target price on shares of Elastic from $91.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.12.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Elastic in the 2nd quarter valued at about $319,000. California State Teachers Retirement System increased its stake in shares of Elastic by 5,082.4% in the second 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 during the period. Syon Capital LLC bought a new position in shares of Elastic during the second quarter worth about $3,300,000. denkapparat Operations GmbH bought a new position in shares of Elastic during the second quarter worth about $322,000. Finally, Wellington Management Group LLP acquired a new position in shares of Elastic in the second quarter worth approximately $41,889,000. 97.03% of the stock is 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.