Elastic (NYSE:ESTC) CRO Sells $925,800.00 in Stock

Elastic N.V. (NYSE:ESTC) CRO Mark Dodds sold 10,000 shares of the stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $92.58, for a total value of $925,800.00. Following the completion of the sale, the executive directly owned 278,538 shares of the company’s stock, valued at approximately $25,787,048.04. The trade was a 3.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Mark Eugene Dodds also recently made the following trade(s):

• On Wednesday, September 9th, Mark Dodds sold 9,673 shares of Elastic stock. The shares were sold at an average price of $87.78, for a total transaction of $849,095.94.

Elastic Stock Performance

Shares of Elastic stock traded down $0.25 during trading on Tuesday, hitting $94.66. 1,524,507 shares of the stock were exchanged, compared to its average volume of 2,147,924. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.44. The company has a fifty day moving average price of $84.00 and a 200-day moving average price of $65.13. The stock has a market capitalization of $9.94 billion, a price-to-earnings ratio of 26.51, a price-to-earnings-growth ratio of 7.89 and a beta of 1.03. Elastic N.V. has a 1-year low of $42.05 and a 1-year high of $108.00.

Elastic (NYSE:ESTC) last issued its 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. Elastic had a net margin of 20.84% and a negative return on equity of 0.35%. The business had revenue of $478.11 million during the quarter, compared to the consensus estimate of $469.75 million. During the same period last year, the business posted $0.60 EPS. Elastic’s 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. As a group, equities analysts predict that Elastic N.V. will post 0.65 EPS for the current fiscal year.

Institutional Investors Weigh In On Elastic

A number of institutional investors have recently modified their holdings of ESTC. Bessemer Group Inc. bought a new stake in shares of Elastic in the first quarter valued at about $25,000. Basecamp Wealth Advisors LLC bought a new position in Elastic during the first quarter worth about $28,000. Harbor Investment Advisory LLC acquired a new stake in Elastic in the 2nd quarter worth about $42,000. Root Financial Partners LLC boosted its holdings in Elastic by 2,976.7% in the 1st quarter. Root Financial Partners LLC now owns 923 shares of the company’s stock valued at $46,000 after purchasing an additional 893 shares during the period. Finally, Summit Securities Group LLC bought a new stake in Elastic in the 1st quarter valued at about $79,000. Institutional investors own 97.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ESTC. Rosenblatt Securities reiterated a “buy” rating and set a $83.00 target price on shares of Elastic in a research note on Wednesday, August 26th. 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, August 26th. Zacks Research raised shares of Elastic from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 28th. Robert W. Baird upped their price objective on shares of Elastic from $95.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, August 28th. Finally, Citigroup increased their price objective on shares of Elastic from $104.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, August 28th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and thirteen have issued a Hold rating to the stock. According to MarketBeat, Elastic has a consensus rating of “Moderate Buy” and an average target price of $96.52.

Elastic Company Profile

Elastic N.V. (NYSE: ESTC) develops search, observability and security software for organizations that need to collect, analyze and act on large volumes of data. Its platform helps users search structured and unstructured information, monitor applications and infrastructure, detect security threats and build artificial intelligence-powered experiences.

The company’s principal offerings include Elasticsearch, its distributed search and analytics engine; Kibana, a visualization and data exploration interface; and Elastic Cloud, a managed cloud service for deploying Elastic products.