Elastic (NYSE:ESTC) CFO Navam Welihinda Sells 3,240 Shares

Elastic N.V. (NYSE:ESTC) CFO Navam Welihinda sold 3,240 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $52.28, for a total transaction of $169,387.20. Following the sale, the chief financial officer owned 120,634 shares in the company, valued at $6,306,745.52. This represents a 2.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Navam Welihinda also recently made the following trade(s):

• On Wednesday, December 10th, Navam Welihinda sold 1,046 shares of Elastic stock. The stock was sold at an average price of $74.51, for a total transaction of $77,937.46.

Elastic Trading Down 2.8%

NYSE ESTC traded down $1.48 on Tuesday, hitting $51.77. 1,967,411 shares of the stock were exchanged, compared to its average volume of 2,680,223. The company’s 50-day moving average price is $65.01 and its two-hundred day moving average price is $76.63. The company has a market capitalization of $5.36 billion, a price-to-earnings ratio of -64.71, a P/E/G ratio of 68.42 and a beta of 0.98. Elastic N.V. has a 52-week low of $49.90 and a 52-week high of $103.79. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.82 and a quick ratio of 1.82.

Elastic (NYSE:ESTC) last issued its earnings results on Thursday, February 26th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.64 by $0.09. The business had revenue of $449.88 million during the quarter, compared to analysts’ expectations of $438.37 million. Elastic had a negative return on equity of 2.34% and a negative net margin of 5.04%.Elastic’s revenue was up 17.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.63 earnings per share. Elastic has set its FY 2026 guidance at 2.500-2.540 EPS and its Q4 2026 guidance at 0.550-0.570 EPS. Research analysts predict that Elastic N.V. will post -0.77 EPS for the current year.

Institutional Investors Weigh In On Elastic

A number of large investors have recently bought and sold shares of ESTC. Sound Income Strategies LLC bought a new position in Elastic during the fourth quarter valued at about $25,000. Geneos Wealth Management Inc. acquired a new position in shares of Elastic during the 2nd quarter valued at about $31,000. Huntington National Bank lifted its holdings in Elastic by 97.5% in the 2nd quarter. Huntington National Bank now owns 468 shares of the company’s stock worth $39,000 after purchasing an additional 231 shares during the last quarter. Activest Wealth Management lifted its holdings in Elastic by 3,181.3% in the 4th quarter. Activest Wealth Management now owns 525 shares of the company’s stock worth $40,000 after purchasing an additional 509 shares during the last quarter. Finally, Promus Capital LLC bought a new stake in Elastic during the second quarter worth approximately $45,000. 97.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Wedbush cut their target price on shares of Elastic from $110.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, November 21st. Canaccord Genuity Group dropped their price target on shares of Elastic from $115.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Weiss Ratings reiterated a “sell (d)” rating on shares of Elastic in a report on Wednesday, January 21st. UBS Group reduced their price objective on Elastic from $125.00 to $110.00 and set a “buy” rating for the company in a research report on Friday, November 21st. Finally, Stifel Nicolaus dropped their target price on Elastic from $134.00 to $108.00 and set a “buy” rating on the stock in a research report on Friday, November 21st. Seventeen investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Elastic currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.25.

About Elastic

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.