Elastic (NYSE:ESTC) Releases FY 2025 Earnings Guidance

Elastic (NYSE:ESTC) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share guidance of 1.680-1.720 for the period, compared to the consensus earnings per share estimate of 1.540. The company issued revenue guidance of $1.5 billion-$1.5 billion, compared to the consensus revenue estimate of $1.4 billion. Elastic also updated its FY25 guidance to $1.68-1.72 EPS.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ESTC shares. DA Davidson decreased their target price on shares of Elastic from $100.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday, August 30th. Oppenheimer cut their target price on shares of Elastic from $150.00 to $125.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. William Blair raised shares of Elastic from a “market perform” rating to an “outperform” rating in a research report on Monday, October 14th. TD Cowen decreased their price objective on shares of Elastic from $110.00 to $80.00 and set a “hold” rating on the stock in a research report on Friday, August 30th. Finally, Barclays increased their target price on shares of Elastic from $95.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Eight analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, Elastic currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.43.

Elastic Stock Performance

Shares of ESTC stock traded up $5.55 on Thursday, reaching $94.13. The stock had a trading volume of 4,615,963 shares, compared to its average volume of 1,291,787. The company has a 50 day simple moving average of $80.71 and a 200 day simple moving average of $97.05. The stock has a market cap of $9.67 billion, a P/E ratio of 171.15 and a beta of 0.94. Elastic has a 1 year low of $69.00 and a 1 year high of $136.06. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.91 and a current ratio of 1.91.

Elastic (NYSE:ESTC) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.10. Elastic had a net margin of 4.62% and a negative return on equity of 17.54%. The business had revenue of $347.42 million for the quarter, compared to the consensus estimate of $344.67 million. During the same period last year, the firm earned ($0.35) earnings per share. The company’s quarterly revenue was up 18.3% on a year-over-year basis. Equities research analysts expect that Elastic will post -0.92 EPS for the current year.

Insider Transactions at Elastic

In other news, insider Carolyn Herzog sold 4,489 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $70.25, for a total transaction of $315,352.25. Following the sale, the insider now directly owns 102,959 shares in the company, valued at $7,232,869.75. This trade represents a 4.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul R. Auvil III bought 20,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were purchased at an average price of $74.25 per share, for a total transaction of $1,485,000.00. Following the purchase, the director now owns 22,627 shares in the company, valued at $1,680,054.75. This represents a 761.32 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 37,406 shares of company stock valued at $2,627,772 over the last quarter. 15.90% of the stock is currently owned by company insiders.

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.