Insider Selling: Elastic (NYSE:ESTC) CEO Sells 17,756 Shares of Stock

Elastic N.V. (NYSE:ESTC) CEO Ashutosh Kulkarni sold 17,756 shares of the company’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 value of $928,283.68. Following the completion of the transaction, the chief executive officer directly owned 409,145 shares in the company, valued at approximately $21,390,100.60. The trade was a 4.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Ashutosh Kulkarni also recently made the following trade(s):

• On Monday, December 15th, Ashutosh Kulkarni sold 5,000 shares of Elastic stock. The stock was sold at an average price of $74.60, for a total transaction of $373,000.00.

Elastic Stock Performance

Shares of ESTC traded down $1.48 during mid-day trading on Tuesday, hitting $51.77. The stock had a trading volume of 1,967,411 shares, compared to its average volume of 2,680,223. Elastic N.V. has a fifty-two week low of $49.90 and a fifty-two 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. The company’s fifty day simple moving average is $65.01 and its two-hundred day simple moving average is $76.63.

Elastic (NYSE:ESTC) last released 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 net margin of 5.04% and a negative return on equity of 2.34%. The firm had revenue of $449.88 million during the quarter, compared to the consensus estimate of $438.37 million. During the same quarter in the previous year, the company posted $0.63 earnings per share. The firm’s 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. As a group, sell-side analysts predict that Elastic N.V. will post -0.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Wells Fargo & Company cut their price target on Elastic from $75.00 to $60.00 and set an “equal weight” rating on the stock in a report on Friday, February 27th. JPMorgan Chase & Co. dropped their target price on Elastic from $113.00 to $98.00 and set an “overweight” rating on the stock in a research report on Friday, February 20th. DA Davidson cut their price objective on shares of Elastic from $80.00 to $65.00 and set a “neutral” rating on the stock in a research report on Monday, March 2nd. Bank of America reduced their target price on shares of Elastic from $111.00 to $90.00 and set a “neutral” rating for the company in a research note on Friday, November 21st. Finally, Piper Sandler dropped their price target on shares of Elastic from $110.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, February 27th. Seventeen investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Elastic currently has an average rating of “Moderate Buy” and an average target price of $95.25.

Hedge Funds Weigh In On Elastic

Several large investors have recently made changes to their positions in the business. AQR Capital Management LLC boosted its stake in shares of Elastic by 153.4% during the 4th quarter. AQR Capital Management LLC now owns 7,545,081 shares of the company’s stock worth $569,201,000 after acquiring an additional 4,567,720 shares in the last quarter. FIL Ltd raised its position in shares of Elastic by 36.9% during the fourth quarter. FIL Ltd now owns 3,628,748 shares of the company’s stock worth $273,753,000 after purchasing an additional 977,578 shares during the period. Alyeska Investment Group L.P. lifted its holdings in shares of Elastic by 490.4% during the third quarter. Alyeska Investment Group L.P. now owns 1,113,503 shares of the company’s stock valued at $94,080,000 after purchasing an additional 924,911 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Elastic by 7.4% in the 3rd quarter. Vanguard Group Inc. now owns 10,206,204 shares of the company’s stock valued at $862,322,000 after purchasing an additional 705,991 shares during the period. Finally, Qube Research & Technologies Ltd boosted its position in shares of Elastic by 302.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 932,630 shares of the company’s stock valued at $78,649,000 after purchasing an additional 700,697 shares during the period. Institutional investors 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.