Elastic (NYSE:ESTC) Issues FY 2026 Earnings Guidance

Elastic (NYSE:ESTC) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 2.500-2.540 for the period, compared to the consensus estimate of 1.470. The company issued revenue guidance of $1.7 billion-$1.7 billion, compared to the consensus revenue estimate of $1.7 billion. Elastic also updated its Q4 2026 guidance to 0.550-0.570 EPS.

Elastic Stock Performance

Shares of ESTC stock traded up $3.56 on Thursday, reaching $61.56. The stock had a trading volume of 4,042,877 shares, compared to its average volume of 1,929,495. Elastic has a 1 year low of $52.73 and a 1 year high of $117.49. The stock has a market cap of $6.49 billion, a P/E ratio of -59.77, a price-to-earnings-growth ratio of 229.35 and a beta of 0.93. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.97 and a current ratio of 1.97. The company has a 50 day simple moving average of $69.20 and a 200 day simple moving average of $78.08.

Elastic (NYSE:ESTC) last released its earnings results on Thursday, February 26th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.67). Elastic had a negative net margin of 6.79% and a negative return on equity of 2.02%. Elastic has set its FY 2026 guidance at 2.500-2.540 EPS and its Q4 2026 guidance at 0.550-0.570 EPS. Equities research analysts expect that Elastic will post -0.77 EPS for the current year.

Analyst Ratings Changes

ESTC has been the subject of a number of research analyst reports. Morgan Stanley set a $80.00 price objective on Elastic in a research report on Thursday, February 19th. Wedbush cut their price target on Elastic from $110.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, November 21st. UBS Group decreased their price objective on Elastic from $125.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, November 21st. Royal Bank Of Canada lowered their target price on Elastic from $115.00 to $95.00 and set an “outperform” rating for the company in a research report on Monday, January 5th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Elastic from $113.00 to $98.00 and set an “overweight” rating on the stock in a research report on Friday, February 20th. Seventeen analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $102.17.

Insider Buying and Selling at Elastic

In other Elastic news, insider Carolyn Herzog sold 5,353 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $75.05, for a total transaction of $401,742.65. Following the transaction, the insider owned 89,324 shares of the company’s stock, valued at approximately $6,703,766.20. This trade represents a 5.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ashutosh Kulkarni sold 20,413 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 $1,531,995.65. Following the transaction, the chief executive officer directly owned 431,901 shares in the company, valued at approximately $32,414,170.05. The trade was a 4.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 61,828 shares of company stock worth $4,641,010. Insiders own 12.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Geneos Wealth Management Inc. acquired a new stake in Elastic during the 2nd quarter worth about $31,000. Aster Capital Management DIFC Ltd raised its stake in shares of Elastic by 206.1% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 551 shares of the company’s stock worth $42,000 after purchasing an additional 371 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Elastic during the fourth quarter worth about $49,000. Quarry LP boosted its position in Elastic by 16,200.0% in the fourth quarter. Quarry LP now owns 652 shares of the company’s stock valued at $49,000 after buying an additional 648 shares during the last quarter. Finally, Empowered Funds LLC purchased a new stake in Elastic in the fourth quarter valued at approximately $62,000. Institutional investors and hedge funds own 97.03% of the company’s stock.

Elastic Company Profile

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.