FY2026 Earnings Forecast for Elastic Issued By Scotiabank

Elastic (NYSE:ESTC) – Equities research analysts at Scotiabank issued their FY2026 earnings per share (EPS) estimates for shares of Elastic in a report released on Wednesday, January 8th. Scotiabank analyst P. Colville expects that the company will post earnings of ($0.80) per share 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 equities research analysts have also issued reports on the stock. Piper Sandler raised their price target on shares of Elastic from $100.00 to $130.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Wells Fargo & Company raised their target price on Elastic from $100.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. The Goldman Sachs Group upped their price target on Elastic from $99.00 to $113.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. Wedbush lowered Elastic from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Finally, Citigroup upped their price objective on shares of Elastic from $136.00 to $150.00 and gave the company a “buy” rating in a report on Monday, November 25th. Six research 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.50.

Elastic Stock Performance

Shares of ESTC stock opened at $97.94 on Thursday. 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 market cap of $10.15 billion, a price-to-earnings ratio of 178.07 and a beta of 1.06. Elastic has a 52 week low of $69.00 and a 52 week high of $136.06. The firm’s 50-day simple moving average is $99.86 and its two-hundred day simple moving average is $96.44.

Insider Activity at Elastic

In other Elastic news, CEO Ashutosh Kulkarni sold 7,017 shares of the company’s stock in a transaction dated 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 directly 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CTO Shay Banon sold 150,000 shares of the business’s 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 directly 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. In the last three months, insiders have sold 168,162 shares of company stock valued at $18,637,562. Corporate insiders own 15.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ESTC. Bangor Savings Bank bought a new position in Elastic during the 4th quarter valued at approximately $1,657,000. Nordea Investment Management AB raised its holdings in shares of Elastic by 6.5% during the fourth quarter. Nordea Investment Management AB now owns 80,474 shares of the company’s stock valued at $8,014,000 after acquiring an additional 4,923 shares in the last quarter. Everence Capital Management Inc. purchased a new stake in Elastic in the fourth quarter worth $275,000. 272 Capital LP bought a new stake in Elastic in the third quarter valued at $1,104,000. Finally, Oddo BHF Asset Management Sas purchased a new position in Elastic during the 3rd quarter valued at $14,324,000. 97.03% of the stock is owned by hedge funds and other institutional investors.

Elastic Company Profile

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.