Elastic N.V. (NYSE:ESTC) Receives $107.25 Average Price Target from Analysts

Shares of Elastic N.V. (NYSE:ESTC) have been assigned a consensus rating of “Moderate Buy” from the twenty-nine research firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and seventeen have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $107.25.

Several research analysts have recently issued reports on the stock. Mizuho upped their target price on shares of Elastic from $100.00 to $119.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Citigroup lowered their price objective on Elastic from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, November 24th. Truist Financial reduced their target price on Elastic from $140.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, November 19th. Robert W. Baird upped their price target on Elastic from $120.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, October 10th. Finally, Wells Fargo & Company reduced their price objective on Elastic from $90.00 to $75.00 and set an “equal weight” rating for the company in a report on Friday, November 21st.

Insider Activity

In related news, Director Paul R. Auvil III bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were bought at an average price of $71.02 per share, for a total transaction of $710,200.00. Following the completion of the acquisition, the director owned 37,956 shares of the company’s stock, valued at $2,695,635.12. This trade represents a 35.77% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Ken Exner sold 6,544 shares of the firm’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $75.05, for a total value of $491,127.20. Following the completion of 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 58,147 shares of company stock valued at $4,387,940 over the last three months. Corporate insiders own 12.70% of the company’s stock.

Institutional Trading of Elastic

Hedge funds have recently bought and sold shares of the stock. AXQ Capital LP purchased a new position in Elastic in the 2nd quarter worth $419,000. Geode Capital Management LLC raised its position in Elastic by 3.6% during the 2nd quarter. Geode Capital Management LLC now owns 1,569,578 shares of the company’s stock worth $132,384,000 after buying an additional 54,812 shares during the last quarter. Mackenzie Financial Corp lifted its stake in Elastic by 622.2% during the 2nd quarter. Mackenzie Financial Corp now owns 77,005 shares of the company’s stock valued at $6,494,000 after acquiring an additional 66,342 shares during the period. Panagora Asset Management Inc. boosted its holdings in shares of Elastic by 102.3% in the 2nd quarter. Panagora Asset Management Inc. now owns 464,268 shares of the company’s stock valued at $39,152,000 after acquiring an additional 234,735 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd increased its stake in shares of Elastic by 147.0% in the second quarter. Y Intercept Hong Kong Ltd now owns 57,690 shares of the company’s stock worth $4,865,000 after acquiring an additional 34,336 shares during the period. Institutional investors own 97.03% of the company’s stock.

Elastic Stock Performance

Shares of ESTC stock opened at $76.21 on Friday. Elastic has a 12 month low of $68.10 and a 12 month high of $118.84. The company’s fifty day moving average price is $82.38 and its 200-day moving average price is $83.55. The stock has a market cap of $8.03 billion, a PE ratio of -73.99 and a beta of 0.97. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.64.

Elastic (NYSE:ESTC) last issued its quarterly earnings results on Thursday, November 20th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.06. Elastic had a negative return on equity of 2.02% and a negative net margin of 6.79%.The firm had revenue of $423.48 million during the quarter, compared to the consensus estimate of $418.27 million. During the same period last year, the company earned $0.59 earnings per share. The company’s revenue was up 15.9% on a year-over-year basis. Elastic has set its Q3 2026 guidance at 0.630-0.65 EPS. On average, equities analysts expect that Elastic will post -0.77 EPS for the current fiscal year.

Elastic announced that its Board of Directors has approved a share repurchase program on Thursday, October 9th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

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.