<div id="readability-page-1"><p>Elastic (NYSE:ESTC - Get Free Report) updated its FY 2026 earnings guidance on Saturday. The company provided EPS guidance of 2.400-2.46 for the period, compared to the consensus EPS estimate of 1.380. The company issued revenue guidance of $1.7 billion-$1.7 billion, compared to the consensus revenue estimate of $1.7 billion.</p><h2>Elastic Stock Up 1.4%</h2><ul><li>Buyback Boom: 3 Companies Betting Big on Themselves</li></ul><p>Shares of NYSE ESTC opened at $74.76 on Friday. The company has a market cap of $7.88 billion, a price-to-earnings ratio of -72.58 and a beta of 0.97. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.64. The stock has a 50-day moving average price of $83.32 and a two-hundred day moving average price of $84.22. Elastic has a 12 month low of $68.10 and a 12 month high of $118.84. </p><p>Elastic (NYSE:ESTC - Get Free Report) last posted its earnings results on Thursday, November 20th. The company reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.06. The firm had revenue of $423.48 million for the quarter, compared to analysts' expectations of $418.27 million. Elastic had a negative net margin of 6.79% and a negative return on equity of 2.02%. The company's revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.59 earnings per share. Elastic has set its Q3 2026 guidance at 0.630-0.65 EPS.  As a group, analysts forecast that  Elastic will post -0.77 earnings per share for the current fiscal year. </p><ul><li>MarketBeat Week in Review – 03/03 - 03/07</li></ul><p>Elastic declared that its board has initiated a stock buyback plan on Thursday, October 9th that allows the company to buyback $0.00 in    shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company's board believes its shares are undervalued. </p><h2>Analyst Upgrades and Downgrades</h2><p>ESTC has been the subject of several recent research reports. DA Davidson decreased their price target on Elastic from $100.00 to $80.00 and set a &#34;neutral&#34; rating for the company in a research note on Friday, November 21st. Bank of America dropped their target price on shares of Elastic from $111.00 to $90.00 and set a &#34;neutral&#34; rating on the stock in a report on Friday, November 21st. Oppenheimer  reiterated an &#34;outperform&#34; rating on shares of Elastic in a report on Friday, August 29th. Wall Street Zen upgraded Elastic from a &#34;hold&#34; rating to a &#34;buy&#34; rating in a research report on Saturday, October 11th. Finally, Guggenheim dropped their price target on Elastic from $122.00 to $116.00 and set a &#34;buy&#34; rating on the stock in a research note on Friday, November 21st. Seventeen investment analysts have rated the stock with a Buy rating, eleven have assigned  a Hold rating and one  has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of &#34;Moderate Buy&#34; and a consensus price target of $107.25.</p><ul><li>Elastic: The Under-the-Radar Tech Stock You Need to See</li></ul><p><b>Get Our Latest Stock Analysis on ESTC</b></p><h2>Insider Activity at Elastic</h2><p>In other Elastic news, CEO Ashutosh Kulkarni sold 19,622 shares of the company's stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $90.12, for a total value of $1,768,334.64. Following the completion of the sale, the chief executive officer directly owned 457,314 shares of the company's stock, valued at approximately $41,213,137.68. This represents a 4.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Ken Exner sold 6,290 shares of Elastic stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $90.12, for a total transaction of $566,854.80. Following the transaction, the insider directly owned 233,582 shares in the company, valued at approximately $21,050,409.84. This represents a 2.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 252,042 shares of company stock valued at $22,667,394 over the last 90 days. Corporate insiders own  12.70% of the company's stock. </p><h2>Institutional Investors Weigh In On Elastic</h2><p>Hedge funds have recently made changes to their positions in the business. Geneos Wealth Management Inc. bought a new stake in shares of  Elastic in the 2nd quarter worth approximately $31,000.  Larson Financial Group LLC increased its position in  Elastic by 1,347.1% in the third quarter. Larson Financial Group LLC now owns 738 shares of the company's stock worth $62,000 after buying an additional 687 shares during the last quarter.  Northwestern Mutual Wealth Management Co. raised its stake in shares of  Elastic by 17.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,159 shares of the company's stock valued at $98,000 after buying an additional 171 shares during the period.  Banque Cantonale Vaudoise purchased a new position in shares of  Elastic during the 3rd quarter valued at $118,000.  Finally, Headlands Technologies LLC purchased a new position in shares of  Elastic during the 2nd quarter valued at $135,000. 97.03% of the stock is currently owned by institutional investors. </p><h2>About Elastic</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>Featured Stories</h2><ul><li>Five stocks we like better than Elastic</li><li>Investing In Automotive Stocks</li><li>MarketBeat Week in Review – 12/1 - 12/5</li><li>Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?</li><li>Rocket Lab’s Big Rebound? Analysts Suggest the Dip's a Gift</li><li>5 Top Rated Dividend Stocks to Consider</li><li>Meta’s AI Moment? New SAM 3 Model Has Wall Street Turning Bullish</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsEstimatesChart.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="325" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsEstimatesChart.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>Elastic (NYSE:ESTC) has updated its FY 2026 earnings guidance, projecting an EPS of 2.400-2.46, surpassing the consensus estimate of 1.380. The company also reaffirmed its revenue guidance at $1.7 billion, aligning with consensus estimates. Elastic's stock rose by 1.4% following the announcement. The company has a market cap of $7.88 billion and a P/E ratio of -72.58. Recent analyst ratings show a mix of buy and hold recommendations, with a consensus price target of $107.25.</p>

Elastic (NYSE:ESTC) Updates FY 2026 Earnings Guidance