Elastic (NYSE:ESTC) Insider Carolyn Herzog Sells 5,353 Shares of Stock

Elastic N.V. (NYSE:ESTC) insider Carolyn Herzog sold 5,353 shares of Elastic stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $75.05, for a total transaction of $401,742.65. Following the completion of the transaction, the insider owned 89,324 shares of the company’s stock, valued at $6,703,766.20. This represents a 5.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Elastic Price Performance

Elastic stock opened at $78.83 on Thursday. The business has a fifty day moving average price of $82.74 and a 200-day moving average price of $83.82. The firm has a market capitalization of $8.31 billion, a P/E ratio of -76.54 and a beta of 0.97. 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 N.V. has a one year low of $68.10 and a one year high of $118.84.

Elastic (NYSE:ESTC) last announced its 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 business had revenue of $423.48 million for the quarter, compared to analyst estimates of $418.27 million. Elastic had a negative return on equity of 2.02% and a negative net margin of 6.79%.The company’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.59 EPS. Elastic has set its Q3 2026 guidance at 0.630-0.65 EPS. As a group, equities research analysts forecast that Elastic N.V. will post -0.77 EPS for the current year.

Elastic declared that its Board of Directors has approved a stock repurchase plan on Thursday, October 9th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $130.00 target price on shares of Elastic in a report on Wednesday, November 19th. Zacks Research cut shares of Elastic from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 26th. Royal Bank Of Canada cut their price target on shares of Elastic from $125.00 to $115.00 and set an “outperform” rating on the stock in a report on Friday, November 21st. UBS Group reduced their target price on Elastic from $125.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, November 21st. Finally, Wall Street Zen upgraded shares of Elastic from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. Seventeen investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Elastic has a consensus rating of “Moderate Buy” and an average target price of $107.25.

Institutional Investors Weigh In On Elastic

Large investors have recently made changes to their positions in the company. Allworth Financial LP lifted its position in 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 purchasing an additional 875 shares in the last quarter. Swiss Life Asset Management Ltd purchased a new position in shares of Elastic during the 3rd quarter valued at about $348,000. Strategic Advocates LLC bought a new position in shares of Elastic during the 3rd quarter valued at approximately $134,000. CIBC Bancorp USA Inc. purchased a new stake in Elastic in the 3rd quarter worth approximately $3,218,000. Finally, Achmea Investment Management B.V. raised its stake in Elastic by 3.1% during the 3rd quarter. Achmea Investment Management B.V. now owns 170,200 shares of the company’s stock worth $14,380,000 after acquiring an additional 5,146 shares during the period. 97.03% of the stock is currently owned by institutional investors.

Elastic Company Profile

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.