Elastic (NYSE:ESTC - Free Report) - Research analysts at William Blair cut their Q2 2025 earnings per share (EPS) estimates for shares of Elastic in a research report issued to clients and investors on Monday, October 7th. William Blair analyst J. Roberge now forecasts that the company will post earnings of ($0.23) per share for the quarter, down from their prior estimate of ($0.22). The consensus estimate for Elastic's current full-year earnings is ($0.92) per share. William Blair also issued estimates for Elastic's Q3 2025 earnings at ($0.27) EPS, Q4 2025 earnings at ($0.29) EPS, FY2025 earnings at ($1.03) EPS, Q1 2026 earnings at ($0.20) EPS, Q2 2026 earnings at ($0.19) EPS, Q3 2026 earnings at ($0.19) EPS, Q4 2026 earnings at ($0.20) EPS and FY2026 earnings at ($0.79) EPS.
Elastic (NYSE:ESTC - Get Free Report) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.25 by $0.10. The firm had revenue of $347.42 million for the quarter, compared to the consensus estimate of $344.67 million. Elastic had a net margin of 4.62% and a negative return on equity of 17.54%. The company's quarterly revenue was up 18.3% on a year-over-year basis. During the same period in the previous year, the company earned ($0.35) earnings per share.
A number of other equities research analysts have also recently issued reports on the company. Canaccord Genuity Group reduced their price objective on Elastic from $125.00 to $110.00 and set a "buy" rating for the company in a report on Tuesday, September 3rd. Stifel Nicolaus reduced their price target on Elastic from $120.00 to $98.00 and set a "buy" rating for the company in a research note on Friday, August 30th. Bank of America cut Elastic from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $140.00 to $94.00 in a research report on Friday, August 30th. Needham & Company LLC reissued a "hold" rating on shares of Elastic in a research report on Tuesday. Finally, Royal Bank of Canada decreased their price target on shares of Elastic from $135.00 to $110.00 and set an "outperform" rating on the stock in a research note on Friday, August 30th. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $103.71.
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Shares of ESTC opened at $79.87 on Thursday. The firm has a market cap of $8.12 billion, a P/E ratio of 150.70 and a beta of 0.94. 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 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 $88.20 and its 200 day simple moving average is $100.55.
In related news, CEO Ashutosh Kulkarni sold 19,649 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 $1,380,342.25. Following the completion of the sale, the chief executive officer now directly owns 432,648 shares in the company, valued at $30,393,522. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Ashutosh Kulkarni sold 19,649 shares of the company's stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $70.25, for a total value of $1,380,342.25. Following the sale, the chief executive officer now directly owns 432,648 shares in the company, valued at $30,393,522. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Janesh Moorjani sold 6,941 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $70.25, for a total transaction of $487,605.25. Following the sale, the chief financial officer now directly owns 195,550 shares of the company's stock, valued at $13,737,387.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 37,406 shares of company stock worth $2,627,772 in the last quarter. 18.10% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of ESTC. Asset Dedication LLC boosted its holdings in shares of Elastic by 1,333.3% during the 2nd quarter. Asset Dedication LLC now owns 301 shares of the company's stock worth $34,000 after buying an additional 280 shares in the last quarter. AlphaCentric Advisors LLC acquired a new stake in Elastic in the second quarter worth $40,000. Quarry LP acquired a new stake in Elastic in the second quarter worth $40,000. Lynx Investment Advisory bought a new stake in Elastic in the second quarter valued at $43,000. Finally, Signaturefd LLC raised its holdings in shares of Elastic by 44.1% during the second quarter. Signaturefd LLC now owns 389 shares of the company's stock valued at $44,000 after purchasing an additional 119 shares during the period. Institutional investors and hedge funds own 97.03% of the company's stock.
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.
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