Brokerages Set Elastic N.V. (NYSE:ESTC) Target Price at $96.52

Elastic N.V. (NYSE:ESTC) has earned an average rating of “Moderate Buy” from the twenty-nine ratings firms that are covering the firm, Marketbeat.com reports. Thirteen investment analysts have rated the stock with a hold recommendation, fifteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $96.52.

A number of research analysts recently weighed in on ESTC shares. Scotiabank boosted their target price on Elastic from $58.00 to $84.00 and gave the stock a “sector perform” rating in a report on Friday, August 28th. Rosenblatt Securities reissued a “buy” rating and issued a $83.00 price objective on shares of Elastic in a research report on Wednesday, August 26th. Zacks Research upgraded shares of Elastic from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 28th. Bank of America upped their price target on shares of Elastic from $90.00 to $108.00 and gave the company a “neutral” rating in a research note on Friday, August 28th. Finally, Robert W. Baird increased their price target on shares of Elastic from $95.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, August 28th.

Elastic Stock Down 0.1%

NYSE:ESTC opened at $85.07 on Friday. 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 stock has a 50-day moving average price of $75.83 and a two-hundred day moving average price of $61.52. Elastic has a 1 year low of $42.05 and a 1 year high of $108.00. The stock has a market cap of $8.93 billion, a price-to-earnings ratio of 23.83, a PEG ratio of 7.15 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. Elastic had a negative return on equity of 0.35% and a net margin of 20.84%.The firm had revenue of $478.11 million for the quarter, compared to the consensus estimate of $469.75 million. During the same quarter last year, the business posted $0.60 EPS. The company’s revenue for the quarter 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 expect that Elastic will post 0.65 earnings per share for the current year.

Insider Activity

In other news, CTO Shay Banon sold 200,000 shares of the stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $96.47, for a total transaction of $19,294,000.00. Following the transaction, the chief technology officer owned 1,854,978 shares in the company, valued at approximately $178,949,727.66. This trade represents a 9.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Carolyn Herzog sold 10,000 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $93.67, for a total value of $936,700.00. Following the transaction, the insider owned 118,439 shares in the company, valued at approximately $11,094,181.13. This trade represents a 7.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 1,075,641 shares of company stock valued at $98,430,566. 12.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Elastic

Hedge funds and other institutional investors have recently modified their holdings of the company. Amundi boosted its stake in shares of Elastic by 37.2% in the first quarter. Amundi now owns 296,604 shares of the company’s stock valued at $14,827,000 after buying an additional 80,441 shares during the period. California State Teachers Retirement System increased its stake in Elastic by 21.8% during the 1st quarter. California State Teachers Retirement System now owns 104,579 shares of the company’s stock worth $5,228,000 after acquiring an additional 18,716 shares during the period. Geode Capital Management LLC raised its holdings in Elastic by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 1,724,508 shares of the company’s stock valued at $130,124,000 after acquiring an additional 49,198 shares in the last quarter. Temasek Holdings Private Ltd raised its holdings in Elastic by 9.3% in the 4th quarter. Temasek Holdings Private Ltd now owns 1,294,465 shares of the company’s stock valued at $97,654,000 after acquiring an additional 109,608 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in shares of Elastic by 15.6% during the 4th quarter. Legal & General Group Plc now owns 396,595 shares of the company’s stock valued at $29,919,000 after acquiring an additional 53,523 shares during the period. Institutional investors and hedge funds own 97.03% of the company’s stock.

Elastic News Summary

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Strong cybersecurity validation: Elastic Security achieved the only perfect protection score in AV-Comparatives’ 2026 Endpoint Prevention and Response Test. The product received Certified Leader status, with 100% active and passive response scores and the lowest modeled operational footprint among tested products. This could support Elastic’s competitive position in the growing cybersecurity market. Elastic Security AV-Comparatives test results
• Positive Sentiment: Higher earnings expectations: Scotiabank raised its FY2027 EPS estimate for Elastic to $0.70 from $0.21, above the current consensus estimate of $0.64. The bank maintained a Sector Perform rating and an $84 price target. Elastic analyst estimate report
• Positive Sentiment: Upside implied by analyst targets: A Zacks report cites approximately 29.6% potential upside based on the average Wall Street price target, while another report indicates the consensus target increased 32.39% to $110.86. Positive earnings-estimate revisions are providing additional support. Zacks Elastic price target analysis
• Neutral Sentiment: Elastic’s shares remain well above their 200-day moving average, reflecting strong longer-term momentum, but the stock’s elevated valuation means investors may require continued earnings and revenue growth to justify further gains.
• Negative Sentiment: CTO selling shares: Chief Technology Officer Shay Banon sold 84,207 shares for approximately $7.1 million, reducing his position by 2.11%. He still directly owns about 3.91 million shares, so the transaction is a modest reduction but adds to recent reports of insider sales totaling millions of dollars. Elastic CTO SEC Form 4 filing

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.