FY2026 Earnings Forecast for Elastic Issued By Scotiabank

Elastic (NYSE:ESTC) – Equities researchers at Scotiabank issued their FY2026 earnings estimates for Elastic in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst P. Colville expects that the company will post earnings per share of ($0.80) for the year. Scotiabank currently has a “Sector Outperform” rating and a $135.00 target price on the stock. The consensus estimate for Elastic’s current full-year earnings is ($0.79) per share.

Several other research firms have also issued reports on ESTC. JPMorgan Chase & Co. upped their price target on Elastic from $100.00 to $130.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. William Blair upgraded shares of Elastic from a “market perform” rating to an “outperform” rating in a research report on Monday, October 14th. Wedbush downgraded shares of Elastic from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Oppenheimer raised their target price on shares of Elastic from $125.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Finally, Bank of America upped their target price on Elastic from $94.00 to $120.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. Six analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Elastic currently has an average rating of “Moderate Buy” and a consensus target price of $126.50.

Elastic Trading Down 0.7 %

Shares of NYSE ESTC opened at $97.33 on Thursday. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.70. The stock’s 50 day moving average price is $99.86 and its two-hundred day moving average price is $96.44. Elastic has a 52-week low of $69.00 and a 52-week high of $136.06. The stock has a market capitalization of $10.09 billion, a P/E ratio of 176.96 and a beta of 1.06.

Insiders Place Their Bets

In other news, CEO Ashutosh Kulkarni sold 7,017 shares of the company’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $108.12, for a total value of $758,678.04. Following the completion of the sale, the chief executive officer now owns 395,326 shares in the company, valued at $42,742,647.12. This represents a 1.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Carolyn Herzog sold 11,145 shares of Elastic 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 transaction, the insider now directly owns 92,011 shares in the company, valued at approximately $10,244,504.74. The trade was a 10.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 168,162 shares of company stock worth $18,637,562 over the last ninety days. Company insiders own 15.90% of the company’s stock.

Institutional Trading of Elastic

Large investors have recently added to or reduced their stakes in the business. M&T Bank Corp lifted its position in shares of Elastic by 3.1% during the 3rd quarter. M&T Bank Corp now owns 4,652 shares of the company’s stock valued at $357,000 after acquiring an additional 139 shares during the last quarter. QRG Capital Management Inc. boosted its stake in Elastic by 7.0% in the third quarter. QRG Capital Management Inc. now owns 3,063 shares of the company’s stock valued at $235,000 after acquiring an additional 201 shares during the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of Elastic by 3.3% during the third quarter. Oppenheimer & Co. Inc. now owns 6,810 shares of the company’s stock worth $523,000 after purchasing an additional 219 shares during the period. Headlands Technologies LLC grew its position in shares of Elastic by 75.4% during the 2nd quarter. Headlands Technologies LLC now owns 628 shares of the company’s stock worth $72,000 after buying an additional 270 shares during the period. Finally, Y Intercept Hong Kong Ltd lifted its position in shares of Elastic by 12.5% in the third quarter. Y Intercept Hong Kong Ltd now owns 2,985 shares of the company’s stock worth $229,000 after purchasing an additional 332 shares in the last quarter. 97.03% of the stock is currently owned by institutional investors.

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.