Brokerages Set Elastic N.V. (NYSE:ESTC) PT at $102.17

Elastic N.V. (NYSE:ESTC) has been given an average recommendation of “Moderate Buy” by the twenty-nine research firms that are presently covering the company, MarketBeat Ratings 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 brokerages that have issued ratings on the stock in the last year is $95.25.

A number of equities research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Elastic in a research note on Wednesday, January 21st. DA Davidson dropped their target price on shares of Elastic from $80.00 to $65.00 and set a “neutral” rating on the stock in a report on Monday. Bank of America cut their price target on shares of Elastic from $111.00 to $90.00 and set a “neutral” rating on the stock in a research report on Friday, November 21st. Rosenblatt Securities decreased their price target on Elastic from $130.00 to $110.00 and set a “buy” rating for the company in a report on Friday, January 30th. Finally, Monness Crespi & Hardt downgraded Elastic from a “buy” rating to a “neutral” rating in a research note on Friday, November 21st.

Elastic Trading Down 0.6%

Shares of ESTC stock opened at $52.60 on Wednesday. Elastic has a 1-year low of $49.90 and a 1-year high of $109.92. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.64. The stock has a market cap of $5.44 billion, a price-to-earnings ratio of -65.75, a PEG ratio of 110.15 and a beta of 0.98. The stock has a 50-day moving average of $67.42 and a 200-day moving average of $77.52.

Elastic (NYSE:ESTC) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.09. Elastic had a negative return on equity of 2.25% and a negative net margin of 5.04%.The company had revenue of $449.88 million for the quarter, compared to analyst estimates of $438.37 million. During the same period in the previous year, the firm earned $0.63 earnings per share. The firm’s quarterly revenue was up 17.7% on a year-over-year basis. Elastic has set its FY 2026 guidance at 2.500-2.540 EPS and its Q4 2026 guidance at 0.550-0.570 EPS. On average, equities research analysts forecast that Elastic will post -0.77 earnings per share for the current year.

More Elastic News

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Q4 results and reception: Elastic reported an earnings and revenue beat (EPS $0.73 vs. $0.64 expected; revenue $449.9M vs. $438.4M expected), and coverage noted the stock’s Russell 1000 move after the beat — a near-term bullish fundamental catalyst. Read More.
• Positive Sentiment: Morgan Stanley keeps an Overweight view despite trimming its target from $80 to $73, which still implies material upside versus current levels and signals continued conviction in Elastic’s growth trajectory. Read More.
• Neutral Sentiment: Investor detail: Elastic presented at the Morgan Stanley TMT conference (transcript published), providing additional management commentary and visibility into product/strategy execution — useful for investors but not an immediate price catalyst. Read More.
• Neutral Sentiment: TD Cowen adjusted its financial model and trimmed its price target to $70 (from $85) while reiterating a Hold, signaling tempered near-term expectations but not an outright sell signal. Read More.
• Neutral Sentiment: DA Davidson lowered its target from $80 to $65 and put a Neutral rating on the stock — a downgrade in expectations that nevertheless leaves room for upside versus current prices. Read More.
• Neutral Sentiment: Sector context: coverage of peers and sector rotations (e.g., mentions in market roundups) may be redirecting flows away from some software names; this is background pressure rather than company‑specific news. Read More.
• Negative Sentiment: Truist trimmed its price target to $80, another same‑day cut that contributes to negative sentiment and selling pressure despite the target remaining above current levels. Read More.

Insider Transactions at Elastic

In other Elastic news, CEO Ashutosh Kulkarni sold 20,413 shares of the stock in a transaction that occurred on Tuesday, December 9th. The stock was 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. This represents a 4.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Shay Banon sold 4,552 shares of Elastic stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $75.05, for a total transaction of $341,627.60. Following the completion of the sale, the chief technology officer owned 4,359,228 shares of the company’s stock, valued at $327,160,061.40. This represents a 0.10% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 61,828 shares of company stock valued at $4,641,010. 12.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Elastic

Several institutional investors have recently made changes to their positions in ESTC. Sound Income Strategies LLC bought a new stake in Elastic in the 4th quarter valued at about $25,000. Geneos Wealth Management Inc. acquired a new stake in Elastic in the second quarter valued at approximately $31,000. Huntington National Bank grew its stake in Elastic by 97.5% in the second quarter. Huntington National Bank now owns 468 shares of the company’s stock valued at $39,000 after acquiring an additional 231 shares during the period. Plato Investment Management Ltd bought a new stake in shares of Elastic during the second quarter valued at approximately $40,000. Finally, Activest Wealth Management raised its position in shares of Elastic by 3,181.3% during the fourth quarter. Activest Wealth Management now owns 525 shares of the company’s stock worth $40,000 after purchasing an additional 509 shares during the period. 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.