Elastic (NYSE:ESTC) Price Target Lowered to $75.00 at Jefferies Financial Group

Elastic (NYSE:ESTC) had its price target reduced by investment analysts at Jefferies Financial Group from $95.00 to $75.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 16.30% from the company’s current price.

ESTC has been the topic of a number of other research reports. Wolfe Research set a $55.00 target price on Elastic in a report on Friday. The Goldman Sachs Group assumed coverage on Elastic in a report on Tuesday, April 21st. They set a “neutral” rating and a $50.00 price target on the stock. DA Davidson dropped their price target on Elastic from $65.00 to $60.00 and set a “neutral” rating on the stock in a report on Friday. Piper Sandler dropped their price target on Elastic from $110.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. Finally, Wedbush dropped their price target on Elastic from $74.00 to $65.00 and set an “outperform” rating on the stock in a report on Friday. Eighteen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $80.33.

Elastic Stock Up 11.9%

Shares of ESTC stock traded up $6.88 during trading hours on Friday, reaching $64.49. The company had a trading volume of 5,047,421 shares, compared to its average volume of 2,062,462. Elastic has a 12 month low of $42.05 and a 12 month high of $96.07. 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 business has a fifty day simple moving average of $50.20 and a 200-day simple moving average of $62.82. The company has a market cap of $6.67 billion, a price-to-earnings ratio of -80.61, a price-to-earnings-growth ratio of 101.99 and a beta of 0.88.

Elastic (NYSE:ESTC) last posted its earnings results on Thursday, May 28th. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.05. Elastic had a negative return on equity of 2.34% and a negative net margin of 5.04%.The company had revenue of $450.68 million for the quarter, compared to analyst estimates of $446.66 million. During the same quarter last year, the company earned $0.47 earnings per share. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. Elastic has set its FY 2027 guidance at 3.210-3.290 EPS and its Q1 2027 guidance at 0.570-0.590 EPS. On average, research analysts expect that Elastic will post 0.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Elastic news, CAO Jane E. Bone sold 887 shares of the firm’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $52.28, for a total value of $46,372.36. Following the completion of the sale, the chief accounting officer directly owned 42,284 shares of the company’s stock, valued at $2,210,607.52. This trade represents a 2.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CRO Mark Eugene Dodds sold 3,723 shares of the firm’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $52.28, for a total value of $194,638.44. Following the completion of the sale, the executive directly owned 152,563 shares of the company’s stock, valued at $7,975,993.64. This represents a 2.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 38,188 shares of company stock valued at $1,996,469. Company insiders own 12.70% of the company’s stock.

Hedge Funds Weigh In On Elastic

Several hedge funds have recently made changes to their positions in ESTC. Sound Income Strategies LLC purchased a new position in shares of Elastic in the fourth quarter valued at $25,000. Bessemer Group Inc. purchased a new position in shares of Elastic in the first quarter valued at $25,000. Geneos Wealth Management Inc. purchased a new position in shares of Elastic in the second quarter valued at $31,000. Activest Wealth Management grew its position in shares of Elastic by 3,181.3% in the fourth quarter. Activest Wealth Management now owns 525 shares of the company’s stock valued at $40,000 after purchasing an additional 509 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd grew its position 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 valued at $42,000 after purchasing an additional 371 shares in the last quarter. 97.03% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Elastic

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Elastic reported fiscal Q4 EPS of $0.61 and revenue of $450.7 million, both ahead of estimates, while revenue grew 16% year over year. Elastic Reports Fourth Quarter and Fiscal 2026 Financial Results
• Positive Sentiment: The company’s outlook also came in above consensus, with Q1 2027 EPS guidance of $0.57-$0.59 and FY 2027 EPS guidance of $3.21-$3.29, signaling confidence in continued growth and profitability improvement. Elastic Reports Fourth Quarter and Fiscal 2026 Financial Results
• Positive Sentiment: Citigroup raised its price target on Elastic to $104 from $95, and Canaccord still kept a Buy rating while setting a $80 target, reinforcing bullish sentiment from analysts. Analyst price target updates via Benzinga
• Positive Sentiment: Elastic also reported solid operating cash flow and a growing backlog, which can help investors view the business as having durable demand despite near-term volatility. Elastic shares fall 3.2% as investors digest Q4 results and fiscal 2027 outlook
• Neutral Sentiment: Several analysts did trim targets after the earnings release, including Wedbush, Oppenheimer, and Canaccord, suggesting expectations have reset rather than turned negative. Analyst price target updates via Benzinga
• Negative Sentiment: Some investors may be disappointed that fiscal 2027 revenue guidance implies growth moderating to the mid-teens, which appears to have caused initial post-earnings selling pressure. Elastic shares fall 3.2% as investors digest Q4 results and fiscal 2027 outlook

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.