Brokers Set Expectations for Elastic FY2025 Earnings

Elastic (NYSE:ESTC) – Equities researchers at Cantor Fitzgerald issued their FY2025 earnings per share estimates for shares of Elastic in a report released on Tuesday, January 21st. Cantor Fitzgerald analyst T. Blakey expects that the company will earn ($0.72) per share for the year. Cantor Fitzgerald currently has a “Hold” rating and a $108.00 target price on the stock. The consensus estimate for Elastic’s current full-year earnings is ($0.77) per share.

Other analysts have also issued research reports about the stock. Baird R W upgraded shares of Elastic from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. Truist Financial lifted their price objective on Elastic from $105.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Royal Bank of Canada increased their target price on Elastic from $110.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. William Blair raised Elastic from a “market perform” rating to an “outperform” rating in a research note on Monday, October 14th. Finally, The Goldman Sachs Group boosted their price target on Elastic from $99.00 to $113.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Seven 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $125.35.

Elastic Price Performance

Shares of NYSE ESTC opened at $104.39 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.99 and a current ratio of 1.99. The firm has a fifty day moving average of $102.96 and a 200 day moving average of $95.30. The firm has a market cap of $10.82 billion, a PE ratio of 189.81 and a beta of 1.06. Elastic has a one year low of $69.00 and a one year high of $136.06.

Insiders Place Their Bets

In other news, insider Carolyn Herzog sold 11,145 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $111.34, for a total value of $1,240,884.30. Following the transaction, the insider now directly owns 92,011 shares in the company, valued at approximately $10,244,504.74. This represents a 10.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ashutosh Kulkarni sold 7,017 shares of Elastic stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $108.12, for a total transaction of $758,678.04. Following the completion of the sale, the chief executive officer now owns 395,326 shares of the company’s stock, valued at $42,742,647.12. This trade represents a 1.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 168,162 shares of company stock valued at $18,637,562 over the last quarter. 15.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ESTC. FMR LLC boosted its stake in shares of Elastic by 25.6% in the third quarter. FMR LLC now owns 5,475,297 shares of the company’s stock valued at $420,284,000 after purchasing an additional 1,115,750 shares during the period. Atreides Management LP lifted its holdings in Elastic by 57.2% during the 3rd quarter. Atreides Management LP now owns 1,687,791 shares of the company’s stock worth $129,555,000 after buying an additional 614,309 shares in the last quarter. State Street Corp boosted its position in Elastic by 2.3% in the 3rd quarter. State Street Corp now owns 1,437,243 shares of the company’s stock valued at $110,323,000 after buying an additional 31,663 shares during the period. Geode Capital Management LLC grew its stake in shares of Elastic by 3.7% in the third quarter. Geode Capital Management LLC now owns 1,394,336 shares of the company’s stock worth $107,058,000 after acquiring an additional 50,355 shares in the last quarter. Finally, 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 period. 97.03% of the stock is currently 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.