<div id="readability-page-1"><p><span>Elastic (NYSE:ESTC - Get Free Report)</span> had its target price dropped by analysts at Barclays  from $125.00 to $107.00 in a report issued on Friday,Benzinga reports. The firm currently has an &#34;overweight&#34; rating on the stock. Barclays's price target would suggest a potential upside of 49.35% from the company's previous close.</p><ul><li>Buyback Boom: 3 Companies Betting Big on Themselves</li></ul><p>Several other equities research analysts have also recently issued reports on ESTC. Canaccord Genuity Group  set a $115.00 price objective on Elastic in a report on Friday. Piper Sandler decreased their target price on Elastic from $125.00 to $110.00 and set an &#34;overweight&#34; rating on the stock in a research report on Friday. DA Davidson initiated coverage on Elastic in a research note on Friday, August 29th. They issued a &#34;neutral&#34; rating and a $105.00 price target on the stock. UBS Group reduced their price objective on Elastic from $125.00 to $110.00 and set a &#34;buy&#34; rating for the company in a research note on Friday. Finally, Wall Street Zen upgraded Elastic from a &#34;hold&#34; rating to a &#34;buy&#34; rating in a report on Saturday, October 11th. One equities research analyst  has rated the stock with a Strong Buy rating, sixteen have issued  a Buy rating, thirteen have issued  a Hold rating and one  has assigned  a Sell rating to the company's stock. According to data from MarketBeat, Elastic currently has an average rating of &#34;Moderate Buy&#34; and a consensus target price of $110.68.</p><p><b>View Our Latest Research Report on Elastic</b></p><h2>Elastic Price Performance</h2><ul><li>MarketBeat Week in Review – 03/03 - 03/07</li></ul><p>Shares of ESTC stock traded down $10.43 during trading hours on Friday, hitting $71.65. 4,739,471 shares of the company's stock were exchanged, compared to its average volume of 1,744,439. Elastic has a fifty-two week low of $68.78 and a fifty-two week high of $118.84. The firm has a market cap of $7.61 billion, a P/E ratio of -89.52 and a beta of 1.04. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.59. The firm has a 50 day moving average of $86.82 and a two-hundred day moving average of $85.56. </p><p>Elastic (NYSE:ESTC - Get Free Report) last issued its quarterly earnings results on Thursday, August 28th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.42 by ($0.50). The company had revenue of $415.29 million during the quarter, compared to analysts' expectations of $397.13 million. Elastic had a negative return on equity of 1.68% and a negative net margin of 5.38%.Elastic's revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.35 EPS.  Elastic has set its FY 2026 guidance at 2.290-2.350 EPS. Q2 2026 guidance at 0.560-0.580 EPS. Sell-side analysts forecast that  Elastic will post -0.77 EPS for the current year. </p><ul><li>Elastic: The Under-the-Radar Tech Stock You Need to See</li></ul><p>Elastic declared that its Board of Directors has approved a share repurchase program on Thursday, October 9th that permits the company to buyback $0.00 in  outstanding  shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its shares are undervalued. </p><h2>Insiders Place Their Bets</h2><p>In other news, insider Carolyn Herzog sold 5,143 shares of the firm's stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $90.12, for a total transaction of $463,487.16. Following the completion of the sale, the insider owned 94,677 shares in the company, valued at $8,532,291.24. This trade represents a 5.15% decrease in their position. The sale was disclosed in a filing with the Securities &amp; Exchange Commission, which is available at this hyperlink. Also, CEO Ashutosh Kulkarni sold 5,000 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $88.12, for a total value of $440,600.00. Following the completion of the transaction, the chief executive officer owned 452,314 shares of the company's stock, valued at $39,857,909.68. The trade was a 1.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 352,042 shares of company stock worth $31,087,394. 12.70% of the stock is currently owned by company insiders. </p><h2>Institutional Inflows and Outflows</h2><p>Several hedge funds have recently bought and sold shares of the stock. Achmea Investment Management B.V. increased its position in shares of  Elastic by 3.1% during the third quarter. Achmea Investment Management B.V. now owns 170,200 shares of the company's stock valued at $14,380,000 after acquiring an additional 5,146 shares during the last quarter.  Ariadne Wealth Management LP purchased a new position in shares of  Elastic during the 3rd quarter worth approximately $256,000.  Caerus Investment Advisors LLC acquired a new stake in  Elastic in the 3rd quarter valued at approximately $500,000.  Captrust Financial Advisors boosted its position in shares of  Elastic by 119.2% during the third quarter. Captrust Financial Advisors now owns 18,058 shares of the company's stock worth $1,526,000 after buying an additional 9,819 shares during the period.  Finally, Danske Bank A S acquired a new stake in shares of  Elastic in the third quarter valued at $850,000. Hedge funds and other institutional investors own  97.03% of the company's stock. </p><h2>Elastic Company Profile</h2> (Get Free Report)<p>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.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Elastic</li><li>What Are Dividend Achievers? An Introduction</li><li>Affirm Just Crushed Earnings—But Can It Outrun Klarna’s Scale?</li><li>Should You Add These Warren Buffett Stocks to Your Portfolio?</li><li>4 High-Risk Growth Stocks Under $15 to Watch This Fall</li><li>Uptrend Stocks Explained: Learn How to Trade Using Uptrends</li><li>Walmart Stock Surges After a Solid Q3—Stronger Growth Ahead</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUVTVEM?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUVTVEM"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Elastic Right Now?</h2><p>Before you consider Elastic, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Elastic wasn't on the list.</p><p>While Elastic currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

ESTC

<p>Barclays lowered its price target for Elastic (NYSE:ESTC) from $125.00 to $107.00, maintaining an "overweight" rating. Other analysts also adjusted their targets, with Canaccord Genuity at $115.00, Piper Sandler at $110.00, and UBS Group at $110.00. Elastic's stock traded down to $71.65. The company reported a quarterly revenue of $415.29 million, missing estimates. Insiders sold significant shares recently. Elastic's Board approved a share repurchase program, indicating undervaluation. The stock has a "Moderate Buy" average rating with a consensus target price of $110.68.</p>

Barclays Has Lowered Expectations for Elastic (NYSE:ESTC) Stock Price