Carolyn Herzog Sells 3,989 Shares of Elastic (NYSE:ESTC) Stock

Elastic N.V. (NYSE:ESTC) insider Carolyn Herzog sold 3,989 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $52.28, for a total transaction of $208,544.92. Following the completion of the transaction, the insider directly owned 85,335 shares of the company’s stock, valued at approximately $4,461,313.80. The trade was a 4.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Elastic Stock Down 2.8%

Shares of ESTC traded down $1.48 during midday trading on Tuesday, hitting $51.77. The company had a trading volume of 1,967,411 shares, compared to its average volume of 2,680,223. The stock has a market cap of $5.36 billion, a price-to-earnings ratio of -64.71, a PEG ratio of 68.42 and a beta of 0.98. The company’s 50 day moving average price is $65.01 and its 200 day moving average price is $76.63. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.72. Elastic N.V. has a 52 week low of $49.90 and a 52 week high of $103.79.

Elastic (NYSE:ESTC) last issued its earnings results on Thursday, February 26th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.09. Elastic had a negative net margin of 5.04% and a negative return on equity of 2.34%. The firm had revenue of $449.88 million for the quarter, compared to analysts’ expectations of $438.37 million. During the same quarter last year, the company posted $0.63 earnings per share. Elastic’s revenue was up 17.7% on a year-over-year basis. Elastic has set its FY 2026 guidance at 2.500-2.540 EPS and its Q4 2026 guidance at 0.550-0.570 EPS. On average, equities research analysts predict that Elastic N.V. will post -0.77 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sound Income Strategies LLC bought a new position in Elastic in the fourth quarter valued at $25,000. Geneos Wealth Management Inc. acquired a new position in Elastic in the 2nd quarter valued at $31,000. Huntington National Bank grew its stake in shares of Elastic by 97.5% in the second quarter. Huntington National Bank now owns 468 shares of the company’s stock valued at $39,000 after acquiring an additional 231 shares in the last quarter. Activest Wealth Management increased its holdings in shares of Elastic by 3,181.3% during the fourth quarter. Activest Wealth Management now owns 525 shares of the company’s stock worth $40,000 after purchasing an additional 509 shares during the period. Finally, Aster Capital Management DIFC Ltd raised 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 valued at $42,000 after acquiring an additional 371 shares in the last quarter. 97.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ESTC has been the topic of several recent research reports. Citigroup decreased their price target on shares of Elastic from $115.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. UBS Group dropped their price objective on shares of Elastic from $125.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, November 21st. Oppenheimer lowered their price target on Elastic from $100.00 to $85.00 and set an “outperform” rating for the company in a research note on Friday, February 27th. Truist Financial cut their target price on Elastic from $105.00 to $80.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Elastic from $113.00 to $98.00 and set an “overweight” rating on the stock in a research note on Friday, February 20th. Seventeen analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Elastic presently has a consensus rating of “Moderate Buy” and an average target price of $95.25.

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.