Ken Exner Sells 6,544 Shares of Elastic (NYSE:ESTC) Stock

Elastic N.V. (NYSE:ESTC) insider Ken Exner sold 6,544 shares of the stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $75.05, for a total transaction of $491,127.20. Following the transaction, the insider owned 227,038 shares in the company, valued at approximately $17,039,201.90. This trade represents a 2.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Elastic Stock Up 5.5%

Shares of ESTC stock traded up $4.14 on Wednesday, hitting $78.83. The company’s stock had a trading volume of 2,207,160 shares, compared to its average volume of 1,786,393. The stock has a market capitalization of $8.31 billion, a price-to-earnings ratio of -76.54 and a beta of 0.97. Elastic N.V. has a fifty-two week low of $68.10 and a fifty-two week high of $118.84. The firm’s fifty day moving average price is $82.89 and its 200-day moving average price is $83.86. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.97 and a quick ratio of 1.97.

Elastic (NYSE:ESTC) last announced its quarterly earnings results on Thursday, November 20th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.06. The company had revenue of $423.48 million during the quarter, compared to analysts’ expectations of $418.27 million. Elastic had a negative return on equity of 2.02% and a negative net margin of 6.79%.The business’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.59 earnings per share. Elastic has set its Q3 2026 guidance at 0.630-0.65 EPS. Research analysts anticipate that Elastic N.V. will post -0.77 EPS for the current year.

Elastic announced that its board has initiated a stock buyback program on Thursday, October 9th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Institutional Trading of Elastic

Several institutional investors have recently bought and sold shares of the stock. Allworth Financial LP lifted its holdings in shares of Elastic by 127.6% during the third quarter. Allworth Financial LP now owns 1,561 shares of the company’s stock valued at $132,000 after acquiring an additional 875 shares during the period. Swiss Life Asset Management Ltd acquired a new position in Elastic in the third quarter valued at about $348,000. Strategic Advocates LLC acquired a new position in Elastic in the third quarter valued at about $134,000. CIBC Bancorp USA Inc. bought a new stake in Elastic during the 3rd quarter worth approximately $3,218,000. Finally, Achmea Investment Management B.V. increased its holdings in Elastic by 3.1% during the 3rd quarter. Achmea Investment Management B.V. now owns 170,200 shares of the company’s stock valued at $14,380,000 after purchasing an additional 5,146 shares in the last quarter. Institutional investors and hedge funds own 97.03% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on ESTC. Rosenblatt Securities reiterated a “buy” rating and issued a $130.00 target price on shares of Elastic in a report on Wednesday, November 19th. Wall Street Zen raised Elastic from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. UBS Group decreased their target price on Elastic from $125.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, November 21st. Zacks Research downgraded Elastic from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 26th. Finally, Barclays dropped their target price on shares of Elastic from $125.00 to $107.00 and set an “overweight” rating on the stock in a research report on Friday, November 21st. Seventeen equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $107.25.

About Elastic

Elastic N.V., a data analytics company, delivers solutions designed to run in public or private clouds in multi-cloud environments. It primarily offers Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as performs search, analysis, and visualization on that data.