Scotiabank Comments on Elastic’s FY2026 Earnings (NYSE:ESTC)

Elastic (NYSE:ESTC) – Analysts at Scotiabank issued their FY2026 earnings per share (EPS) estimates for Elastic in a report released on Wednesday, January 8th. Scotiabank analyst P. Colville forecasts that the company will earn ($0.80) per share for the year. Scotiabank has a “Sector Outperform” rating and a $135.00 price target on the stock. The consensus estimate for Elastic’s current full-year earnings is ($0.79) per share.

A number of other equities research analysts have also recently commented on ESTC. Stifel Nicolaus increased their target price on Elastic from $98.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Guggenheim lifted their price objective on Elastic from $100.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Robert W. Baird raised shares of Elastic from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $95.00 to $135.00 in a research note on Friday, November 22nd. Rosenblatt Securities reaffirmed a “buy” rating and set a $120.00 price target on shares of Elastic in a research note on Wednesday, November 20th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Elastic from $100.00 to $130.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Six equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.50.

Elastic Trading Down 0.7 %

Shares of ESTC opened at $97.33 on Thursday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.99 and a quick ratio of 1.99. Elastic has a 1-year low of $69.00 and a 1-year high of $136.06. The stock has a market cap of $10.09 billion, a price-to-earnings ratio of 176.96 and a beta of 1.06. The firm has a 50 day simple moving average of $99.86 and a 200-day simple moving average of $96.44.

Insider Buying and Selling at Elastic

In other news, insider Carolyn Herzog sold 11,145 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $111.34, for a total value of $1,240,884.30. Following the completion of the sale, the insider now owns 92,011 shares of the company’s stock, valued at $10,244,504.74. This represents a 10.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Shay Banon sold 150,000 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $110.92, for a total value of $16,638,000.00. Following the completion of the sale, the chief technology officer now owns 2,604,978 shares of the company’s stock, valued at approximately $288,944,159.76. This trade represents a 5.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 168,162 shares of company stock valued at $18,637,562 over the last ninety days. Corporate insiders own 15.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ESTC. Blueshift Asset Management LLC purchased a new stake in Elastic during the 3rd quarter worth $585,000. Charles Schwab Investment Management Inc. increased its position in shares of Elastic by 2.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 545,870 shares of the company’s stock worth $41,901,000 after acquiring an additional 14,590 shares during the last quarter. Fifth Third Wealth Advisors LLC acquired a new position in shares of Elastic in the third quarter worth about $1,262,000. Vestcor Inc purchased a new position in Elastic in the third quarter valued at about $1,919,000. Finally, Daventry Group LP grew its stake in Elastic by 8.6% during the 2nd quarter. Daventry Group LP now owns 316,975 shares of the company’s stock valued at $36,107,000 after purchasing an additional 25,008 shares in the last quarter. 97.03% of the stock is owned by institutional investors and hedge funds.

About Elastic

Elastic N.V., a data analytics company, delivers solutions designed to run in public or private clouds in multi-cloud environments. It primarily offers Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as performs search, analysis, and visualization on that data.