Elastic (NYSE:ESTC) CFO Sells $786,596.58 in Stock

Elastic N.V. (NYSE:ESTC) CFO Navam Welihinda sold 8,961 shares of Elastic stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $87.78, for a total transaction of $786,596.58. Following the sale, the chief financial officer owned 200,293 shares in the company, valued at approximately $17,581,719.54. This represents a 4.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Elastic Trading Down 0.0%

ESTC opened at $83.44 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.81 and a quick ratio of 1.81. Elastic N.V. has a fifty-two week low of $42.05 and a fifty-two week high of $108.00. The company’s 50 day moving average price is $74.79 and its two-hundred day moving average price is $61.07. The firm has a market capitalization of $8.76 billion, a price-to-earnings ratio of 23.37, a PEG ratio of 8.08 and a beta of 1.03.

Elastic (NYSE:ESTC) last released its quarterly earnings results on Thursday, August 27th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.12. The firm had revenue of $478.11 million during the quarter, compared to the consensus estimate of $469.75 million. Elastic had a net margin of 20.84% and a negative return on equity of 0.35%. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.60 earnings per share. Elastic has set its FY 2027 guidance at 3.290-3.370 EPS and its Q2 2027 guidance at 0.800-0.820 EPS. As a group, research analysts predict that Elastic N.V. will post 0.64 earnings per share for the current year.

Institutional Trading of Elastic

A number of institutional investors have recently bought and sold shares of the company. Orion Porfolio Solutions LLC raised its holdings in shares of Elastic by 1.4% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 8,593 shares of the company’s stock valued at $726,000 after acquiring an additional 118 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Elastic by 17.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,159 shares of the company’s stock worth $98,000 after purchasing an additional 171 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Elastic by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 28,323 shares of the company’s stock worth $2,393,000 after purchasing an additional 175 shares during the last quarter. California State Teachers Retirement System raised its stake in Elastic by 0.3% in the second quarter. California State Teachers Retirement System now owns 83,403 shares of the company’s stock valued at $7,033,000 after purchasing an additional 219 shares in the last quarter. Finally, 180 Wealth Advisors LLC raised its stake in Elastic by 4.6% in the second quarter. 180 Wealth Advisors LLC now owns 6,027 shares of the company’s stock valued at $344,000 after purchasing an additional 263 shares in the last quarter. Institutional investors own 97.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ESTC shares. Oppenheimer lifted their target price on Elastic from $100.00 to $118.00 and gave the stock an “outperform” rating in a report on Friday, August 28th. Wells Fargo & Company raised their price objective on Elastic from $60.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 25th. Needham & Company LLC restated a “hold” rating on shares of Elastic in a research report on Friday, August 28th. Wall Street Zen lowered Elastic from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Finally, Citigroup upped their target price on Elastic from $104.00 to $128.00 and gave the company a “buy” rating in a report on Friday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and thirteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Elastic has an average rating of “Moderate Buy” and an average price target of $96.52.

Key Stories Impacting Elastic

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Elastic introduced Elasticsearch Vector Database, a serverless offering designed for large-scale vector search and artificial-intelligence applications. The product is intended to simplify deployment, support hundreds of billions of vectors and strengthen Elastic’s position in the growing AI-search market. Elastic Introduces Serverless Vector Database
• Positive Sentiment: Wedbush began coverage with an “outperform” rating and a $125 price target, implying substantial upside from the recent trading level. The recommendation reflects optimism about Elastic’s AI, search and cloud growth opportunities.
• Positive Sentiment: Short interest dropped 39% between mid-August and August 31 to 3.87 million shares, or roughly 4.2% of shares outstanding. Reduced bearish positioning and only 1.1 days of short-interest coverage could provide technical support and limit short-selling pressure.
• Neutral Sentiment: Elastic’s latest quarterly results were strong, with $0.70 in adjusted EPS versus the $0.58 consensus and revenue of $478.1 million versus $469.8 million expected. Revenue grew 15.2% year over year, and fiscal 2027 EPS guidance was set at $3.29 to $3.37; however, these results were reported previously and may already be reflected in the stock’s valuation.
• Negative Sentiment: Several executives, including CEO Ashutosh Kulkarni, CFO Navam Welihinda, CRO Mark Dodds and CAO Jane Bone, sold shares on September 9. The sales totaled about 54,888 shares and $4.8 million, but were made to cover tax withholding on vested equity awards, making them less concerning than discretionary selling.
• Negative Sentiment: Repeated insider selling following a strong rally could still weigh on sentiment, particularly as investors assess whether the company’s AI-driven growth can justify its elevated valuation.

Elastic Company Profile

Elastic N.V. develops search, observability and security software for organizations that need to find, analyze and act on data. Its core technology, Elasticsearch, is a distributed search and analytics engine that can process structured and unstructured information from applications, websites, logs and other sources.

The company offers its platform through Elastic Cloud, a managed cloud service available across major public-cloud environments, as well as through self-managed deployments.