Elastic (NYSE:ESTC) Insider Ken Exner Sells 4,310 Shares

Elastic N.V. (NYSE:ESTC) insider Ken Exner sold 4,310 shares of Elastic stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $52.28, for a total transaction of $225,326.80. Following the sale, the insider owned 222,728 shares of the company’s stock, valued at approximately $11,644,219.84. The trade was a 1.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Elastic Stock Performance

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

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

Institutional Trading of Elastic

Hedge funds have recently bought and sold shares of the business. Sound Income Strategies LLC purchased a new stake in shares of Elastic in the fourth quarter valued at approximately $25,000. Geneos Wealth Management Inc. acquired a new position in shares of Elastic during the 2nd quarter valued at about $31,000. Huntington National Bank increased its position in Elastic by 97.5% during the second quarter. Huntington National Bank now owns 468 shares of the company’s stock worth $39,000 after purchasing an additional 231 shares during the last quarter. Activest Wealth Management boosted its holdings in Elastic by 3,181.3% in the 4th quarter. Activest Wealth Management now owns 525 shares of the company’s stock valued at $40,000 after purchasing an additional 509 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd increased its holdings in shares of Elastic by 206.1% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 551 shares of the company’s stock worth $42,000 after buying an additional 371 shares during the last quarter. Institutional investors and hedge funds own 97.03% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on ESTC. JPMorgan Chase & Co. dropped their price objective on Elastic from $113.00 to $98.00 and set an “overweight” rating on the stock in a report on Friday, February 20th. Weiss Ratings reissued a “sell (d)” rating on shares of Elastic in a research note on Wednesday, January 21st. Canaccord Genuity Group reduced their price objective on shares of Elastic from $115.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Royal Bank Of Canada dropped their target price on shares of Elastic from $115.00 to $95.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Finally, TD Cowen reissued a “hold” rating on shares of Elastic in a research note on Monday, February 23rd. Seventeen investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.25.

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.