Elastic (NYSE:ESTC) Issues FY 2027 Earnings Guidance

Elastic (NYSE:ESTC) updated its FY 2027 earnings guidance on Thursday. The company provided EPS guidance of 3.210-3.290 for the period, compared to the consensus EPS estimate of 2.280. The company issued revenue guidance of $2.0 billion-$2.0 billion, compared to the consensus revenue estimate of $2.0 billion. Elastic also updated its Q1 2027 guidance to 0.570-0.590 EPS.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ESTC. Barclays cut their target price on shares of Elastic from $76.00 to $68.00 and set an “overweight” rating for the company in a research note on Friday. Piper Sandler cut their target price on shares of Elastic from $110.00 to $85.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. Rothschild & Co Redburn began coverage on shares of Elastic in a research note on Thursday, April 23rd. They issued a “neutral” rating and a $49.00 target price for the company. Wells Fargo & Company cut their target price on shares of Elastic from $75.00 to $60.00 and set an “equal weight” rating for the company in a research note on Friday, February 27th. Finally, Wolfe Research set a $55.00 target price on shares of Elastic in a research note on Friday. Eighteen investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Elastic has a consensus rating of “Moderate Buy” and an average target price of $80.04.

Elastic Stock Up 12.5%

ESTC opened at $64.82 on Friday. 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 has a 12 month low of $42.05 and a 12 month high of $96.07. The stock has a market capitalization of $6.71 billion, a price-to-earnings ratio of 18.52, a price-to-earnings-growth ratio of 109.01 and a beta of 0.88. The business has a 50-day moving average of $50.38 and a two-hundred day moving average of $62.83.

Elastic (NYSE:ESTC) last issued its earnings results on Thursday, May 28th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.05. Elastic had a negative return on equity of 2.02% and a net margin of 21.14%.The business had revenue of $450.68 million during the quarter, compared to analysts’ expectations of $446.66 million. During the same quarter in the previous year, the business earned $0.47 EPS. 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 0.02 earnings per share for the current year.

Insider Buying and Selling at Elastic

In other news, insider Carolyn Herzog sold 3,989 shares of the business’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $52.28, for a total transaction of $208,544.92. Following the completion of the sale, the insider owned 85,335 shares in the company, valued at approximately $4,461,313.80. The trade was a 4.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Jane E. Bone sold 887 shares of the business’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $52.28, for a total value of $46,372.36. Following the sale, the chief accounting officer owned 42,284 shares of the company’s stock, valued at $2,210,607.52. The trade was a 2.05% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 38,188 shares of company stock worth $1,996,469. Company insiders own 12.70% of the company’s stock.

Key Elastic News

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Elastic beat fiscal Q4 expectations, reporting EPS of $0.61 versus $0.56 expected and revenue of $450.7 million versus $446.7 million expected, with revenue up 16% year over year. Elastic Reports Fourth Quarter and Fiscal 2026 Financial Results
• Positive Sentiment: The company also issued first-quarter and full-year guidance above consensus for EPS, suggesting management sees continued earnings momentum. Elastic Reports Fourth Quarter and Fiscal 2026 Financial Results
• Positive Sentiment: Wall Street remains broadly constructive: Citigroup raised its price target to $104, and other firms like Jefferies, Canaccord, Oppenheimer, and Barclays still have buy/outperform-style ratings even after trimming targets. Analyst target updates
• Neutral Sentiment: Several analysts cut price targets after the report, including Barclays, Jefferies, Canaccord Genuity, Wedbush, and Oppenheimer, which signals some valuation caution rather than a thesis change. Analyst target updates
• Neutral Sentiment: Some investors may also be focusing on management’s fiscal 2027 outlook implying mid-teens revenue growth, which is still healthy but may look slower than the market hoped for after a strong quarter. Elastic shares fall 3.2% as investors digest Q4 results and fiscal 2027 outlook
• Negative Sentiment: Despite the beat, the stock has been volatile because investors were disappointed by the initial post-earnings reaction and are weighing strong growth against the company’s still-negative margins. Elastic N.V. (ESTC) Stock Falls on Q4 2026 Earnings

Hedge Funds Weigh In On Elastic

A number of institutional investors and hedge funds have recently bought and sold shares of ESTC. Geneos Wealth Management Inc. purchased a new position in Elastic in the 2nd quarter worth approximately $31,000. Aster Capital Management DIFC Ltd boosted its holdings in Elastic by 206.1% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 551 shares of the company’s stock worth $42,000 after acquiring an additional 371 shares during the period. Kestra Advisory Services LLC purchased a new position in Elastic in the 4th quarter worth approximately $49,000. Quarry LP boosted its holdings in Elastic by 16,200.0% in the 4th quarter. Quarry LP now owns 652 shares of the company’s stock worth $49,000 after acquiring an additional 648 shares during the period. Finally, Empowered Funds LLC purchased a new position in Elastic in the 4th quarter worth approximately $62,000. Hedge funds and other 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.