Elastic (NYSE:ESTC) Reaches New 12-Month High on Earnings Beat

Elastic N.V. (NYSE:ESTC)’s share price reached a new 52-week high on Friday following a stronger than expected earnings report. The stock traded as high as $105.05 and last traded at $105.05, with a volume of 319279 shares trading hands. The stock had previously closed at $83.74.

The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.12. Elastic had a net margin of 21.14% and a negative return on equity of 1.82%. The company had revenue of $478.11 million during the quarter, compared to the consensus estimate of $469.75 million. During the same quarter in the prior year, the firm earned $0.60 EPS. Elastic’s quarterly revenue was up 15.2% on a year-over-year basis. Elastic has set its FY 2027 guidance at 3.290-3.370 EPS and its Q2 2027 guidance at 0.800-0.820 EPS.

Elastic News Summary

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Quarterly beat: Elastic reported adjusted EPS of $0.70, exceeding the $0.58 consensus estimate, while revenue rose 15.2% year over year to $478.1 million, ahead of the approximately $469.8 million analyst forecast. Elastic quarterly earnings report
• Positive Sentiment: Raised outlook: Fiscal 2027 EPS guidance of $3.29-$3.37 is substantially above the $2.64 consensus estimate. Second-quarter EPS guidance of $0.80-$0.82 also exceeds expectations of $0.66, while projected revenue of $486-$487 million is above the $483.2 million consensus. The guidance upgrade is a major reason investors are reassessing the company’s growth and profitability outlook. Elastic fiscal 2027 results
• Positive Sentiment: Analyst support: Robert W. Baird raised its price target from $95 to $120 and assigned an “outperform” rating, implying meaningful upside from the current trading level. Rosenblatt Securities also reaffirmed its “buy” rating. Benzinga analyst update
• Neutral Sentiment: DA Davidson increased its price target from $60 to $80 but maintained a “neutral” rating. This reflects improving expectations while signaling that valuation and execution risks remain after the sharp rally. DA Davidson raises Elastic price target
• Negative Sentiment: Quiver Quantitative data shows 14 insider sales and no insider purchases over the past six months. Although these transactions may reflect scheduled or compensation-related selling, the absence of insider buying could temper enthusiasm. The stock also trades near the upper portion of its 52-week range, increasing sensitivity to any future guidance or execution disappointment.

Analysts Set New Price Targets

ESTC has been the topic of a number of analyst reports. Oppenheimer lifted their price objective on Elastic from $75.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, August 13th. TD Cowen increased their target price on Elastic from $55.00 to $70.00 and gave the stock a “hold” rating in a research note on Tuesday. DA Davidson raised their price target on Elastic from $60.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday. Wolfe Research set a $55.00 price target on Elastic in a research note on Friday, May 29th. Finally, Wall Street Zen lowered Elastic from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Seventeen analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $88.22.

Insider Activity at Elastic

In other Elastic news, CFO Navam Welihinda sold 12,961 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $60.61, for a total transaction of $785,566.21. Following the transaction, the chief financial officer directly owned 209,254 shares in the company, valued at approximately $12,682,884.94. This represents a 5.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Carolyn Herzog sold 9,485 shares of the stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $60.61, for a total transaction of $574,885.85. Following the completion of the transaction, the insider directly owned 128,439 shares of the company’s stock, valued at approximately $7,784,687.79. This trade represents a 6.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 110,099 shares of company stock valued at $6,673,100 in the last ninety days. Company insiders own 12.70% of the company’s stock.

Hedge Funds Weigh In On Elastic

Several hedge funds have recently bought and sold shares of ESTC. Bessemer Group Inc. purchased a new stake in Elastic during the first quarter worth $25,000. Basecamp Wealth Advisors LLC purchased a new position in shares of Elastic in the first quarter valued at $28,000. Geneos Wealth Management Inc. acquired a new position in shares of Elastic during the 2nd quarter worth $31,000. Activest Wealth Management raised its stake in shares of Elastic by 3,181.2% during the 4th quarter. Activest Wealth Management now owns 525 shares of the company’s stock worth $40,000 after buying an additional 509 shares during the last quarter. Finally, Harbor Investment Advisory LLC purchased a new stake in shares of Elastic in the 2nd quarter worth about $42,000. 97.03% of the stock is owned by hedge funds and other institutional investors.

Elastic Stock Up 25.4%

The firm has a market capitalization of $10.92 billion, a PE ratio of 30.01, a price-to-earnings-growth ratio of 19.77 and a beta of 0.98. The firm’s 50-day moving average is $67.44 and its 200 day moving average is $58.76. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.68 and a current ratio of 1.68.

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.