Insider Selling: Elastic (NYSE:ESTC) CRO Sells $925,800.00 in Stock

Elastic N.V. (NYSE:ESTC) CRO Mark Dodds sold 10,000 shares of the stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $92.58, for a total value of $925,800.00. Following the sale, the executive directly owned 278,538 shares in the company, valued at $25,787,048.04. This represents a 3.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Mark Eugene Dodds also recently made the following trade(s):

• On Wednesday, September 9th, Mark Dodds sold 9,673 shares of Elastic stock. The stock was sold at an average price of $87.78, for a total value of $849,095.94.

Elastic Price Performance

NYSE ESTC traded down $0.25 during midday trading on Tuesday, hitting $94.66. The company had a trading volume of 1,524,507 shares, compared to its average volume of 2,147,924. The firm has a 50-day moving average price of $84.00 and a 200-day moving average price of $65.13. The company has a market capitalization of $9.94 billion, a PE ratio of 26.51, a P/E/G ratio of 7.89 and a beta of 1.03. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.44. Elastic N.V. has a twelve month low of $42.05 and a twelve month high of $108.00.

Elastic (NYSE:ESTC) last released its earnings results on Thursday, August 27th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $469.75 million. During the same period in the prior year, the firm posted $0.60 EPS. Elastic’s quarterly revenue was up 15.2% on a year-over-year basis. Elastic has set its FY 2027 guidance at 3.290-3.370 EPS and its Q2 2027 guidance at 0.800-0.820 EPS. As a group, analysts anticipate that Elastic N.V. will post 0.65 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. First Trust Advisors LP lifted its holdings in Elastic by 516.1% during the 1st quarter. First Trust Advisors LP now owns 2,627,636 shares of the company’s stock worth $131,356,000 after buying an additional 2,201,140 shares during the period. Pictet Asset Management Holding SA increased its stake in shares of Elastic by 43.2% in the first quarter. Pictet Asset Management Holding SA now owns 6,492,717 shares of the company’s stock valued at $324,550,000 after buying an additional 1,958,219 shares during the period. Wellington Management Group LLP bought a new position in shares of Elastic during the second quarter worth about $41,889,000. Assenagon Asset Management S.A. raised its position in shares of Elastic by 324.7% during the first quarter. Assenagon Asset Management S.A. now owns 900,017 shares of the company’s stock worth $44,992,000 after acquiring an additional 688,091 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of Elastic by 6,125.6% in the first quarter. SG Americas Securities LLC now owns 548,722 shares of the company’s stock worth $27,431,000 after acquiring an additional 539,908 shares during the period. Institutional investors own 97.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Wedbush initiated coverage on shares of Elastic in a report on Friday, September 11th. They issued an “outperform” rating and a $125.00 target price on the stock. Zacks Research raised shares of Elastic from a “hold” rating to a “strong-buy” rating in a report on Friday, August 28th. Royal Bank Of Canada increased their price target on shares of Elastic from $70.00 to $87.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Canaccord Genuity Group lifted their price objective on shares of Elastic from $80.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, August 28th. Finally, TD Cowen boosted their price objective on shares of Elastic from $55.00 to $70.00 and gave the company a “hold” rating in a research report on Tuesday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and thirteen have assigned a Hold rating to the company. According to MarketBeat, Elastic has an average rating of “Moderate Buy” and an average target price of $96.52.

Elastic Company Profile

Elastic N.V. (NYSE: ESTC) develops search, observability and security software for organizations that need to collect, analyze and act on large volumes of data. Its platform helps users search structured and unstructured information, monitor applications and infrastructure, detect security threats and build artificial intelligence-powered experiences.

The company’s principal offerings include Elasticsearch, its distributed search and analytics engine; Kibana, a visualization and data exploration interface; and Elastic Cloud, a managed cloud service for deploying Elastic products.