Analysts Set Elastic N.V. (NYSE:ESTC) Price Target at $95.25

Shares of Elastic N.V. (NYSE:ESTC) have received an average recommendation of “Moderate Buy” from the twenty-nine ratings firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and seventeen have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $95.25.

A number of equities research analysts have weighed in on ESTC shares. JPMorgan Chase & Co. lowered their price target on Elastic from $113.00 to $98.00 and set an “overweight” rating on the stock in a research report on Friday, February 20th. Barclays cut their price objective on Elastic from $78.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, February 27th. Citigroup decreased their price objective on Elastic from $115.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Rosenblatt Securities dropped their target price on Elastic from $130.00 to $110.00 and set a “buy” rating for the company in a research report on Friday, January 30th. Finally, Truist Financial cut their target price on Elastic from $105.00 to $80.00 and set a “buy” rating for the company in a research note on Friday, February 27th.

Insider Transactions at Elastic

In related news, CAO Jane E. Bone sold 887 shares of Elastic stock in a transaction on Monday, March 9th. The shares were sold at an average price of $52.28, for a total value of $46,372.36. Following the transaction, the chief accounting officer owned 42,284 shares in the company, valued at $2,210,607.52. This trade represents a 2.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ken Exner sold 4,310 shares of the business’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $52.28, for a total transaction of $225,326.80. Following the completion of the sale, the insider directly owned 222,728 shares of the company’s stock, valued at $11,644,219.84. This represents a 1.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 39,375 shares of company stock worth $2,091,797. Corporate insiders own 12.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC lifted its stake in shares of Elastic by 153.4% in the 4th quarter. AQR Capital Management LLC now owns 7,545,081 shares of the company’s stock valued at $569,201,000 after acquiring an additional 4,567,720 shares during the last quarter. FIL Ltd grew its position in Elastic by 36.9% during the 4th quarter. FIL Ltd now owns 3,628,748 shares of the company’s stock worth $273,753,000 after acquiring an additional 977,578 shares during the last quarter. Alyeska Investment Group L.P. grew its position in Elastic by 490.4% during the 3rd quarter. Alyeska Investment Group L.P. now owns 1,113,503 shares of the company’s stock worth $94,080,000 after acquiring an additional 924,911 shares during the last quarter. Vanguard Group Inc. increased its stake in Elastic by 7.4% in the 3rd quarter. Vanguard Group Inc. now owns 10,206,204 shares of the company’s stock worth $862,322,000 after purchasing an additional 705,991 shares during the period. Finally, Qube Research & Technologies Ltd increased its stake in Elastic by 302.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 932,630 shares of the company’s stock worth $78,649,000 after purchasing an additional 700,697 shares during the period. 97.03% of the stock is owned by institutional investors.

Elastic Price Performance

Shares of NYSE:ESTC opened at $51.27 on Friday. The company’s fifty day moving average price is $59.58 and its 200-day moving average price is $74.12. The firm has a market capitalization of $5.31 billion, a price-to-earnings ratio of -64.09, a PEG ratio of 64.16 and a beta of 0.98. Elastic has a one year low of $48.71 and a one year high of $98.25. 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 posted its quarterly earnings data on Thursday, February 26th. The company reported $0.73 earnings per share (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 company had revenue of $449.88 million during the quarter, compared to the consensus estimate of $438.37 million. During the same period in the previous year, the firm posted $0.63 EPS. The firm’s revenue was up 17.7% compared to the same quarter last year. 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 anticipate that Elastic will post -0.77 earnings per share for the current fiscal year.

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.