Elastic (NYSE:ESTC) Issues FY25 Earnings Guidance

Elastic (NYSE:ESTC) updated its FY25 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.68-1.72 for the period, compared to the consensus estimate of $1.53. The company issued revenue guidance of $1.451-1.457 billion, compared to the consensus revenue estimate of $1.44 billion. Elastic also updated its FY 2025 guidance to 1.680-1.720 EPS.

Elastic Price Performance

Shares of NYSE ESTC opened at $108.03 on Friday. The stock’s 50-day simple moving average is $81.78 and its 200-day simple moving average is $97.04. The firm has a market capitalization of $11.10 billion, a PE ratio of 196.42 and a beta of 0.94. Elastic has a fifty-two week low of $69.00 and a fifty-two week 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 issued its quarterly earnings data on Thursday, August 29th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.10. The company had revenue of $347.42 million for the quarter, compared to analyst estimates of $344.67 million. Elastic had a negative return on equity of 13.54% and a net margin of 4.39%. The business’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter last year, the company posted ($0.35) earnings per share. As a group, equities research analysts forecast that Elastic will post -0.92 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ESTC has been the subject of a number of analyst reports. Scotiabank upped their price objective on shares of Elastic from $92.00 to $135.00 and gave the stock a “sector outperform” rating in a research report on Friday. Stifel Nicolaus raised their price objective on shares of Elastic from $98.00 to $132.00 and gave the company a “buy” rating in a research report on Friday. DA Davidson lifted their price objective on Elastic from $75.00 to $115.00 and gave the company a “neutral” rating in a report on Friday. The Goldman Sachs Group increased their target price on Elastic from $99.00 to $113.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, Guggenheim lifted their price target on Elastic from $100.00 to $120.00 and gave the company a “buy” rating in a research note on Friday. Six analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $122.00.

Insider Buying and Selling

In related news, insider Carolyn Herzog sold 4,489 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $70.25, for a total value of $315,352.25. Following the completion of the sale, the insider now directly owns 102,959 shares in the company, valued at approximately $7,232,869.75. This represents a 4.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Janesh Moorjani sold 6,941 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $70.25, for a total value of $487,605.25. Following the completion of the transaction, the chief financial officer now directly owns 195,550 shares in the company, valued at $13,737,387.50. This trade represents a 3.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,406 shares of company stock valued at $2,627,772. 15.90% of the stock is currently owned by corporate 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.